@ 57d1a264:69f1fee1

From designer Anna Cairns, the workhorse monospace typeface is rooted in feminist theory.

Across CMM Coda’s subtly imperfect, analogue-inspired letterforms – based on the IBM Selectric typewriter’s typeface, Dual Basic – Anna practically and conceptually brings together the feminist legacy of software and typewriters with the aesthetic sensibilities of the genre associated with the industry. Additionally, CMM Coda enables Anna to explore her intrigue in the blurry terminology used in text production, such as typing, coding and writing, “especially now that most text is created digitally,” Anna says, with typefaces being software in their own right. “We also associate a certain look with each of these modalities,” she continues, “so my idea was to create a typeface that can jump all of these genres simply through a play with white space,” an approach that resulted in CMM Coda’s multiple styles.

Learn more about Comma at https://commatype.com/, a new foundry founded by the Berlin-based type designer Anna Cairns.

Continue reading at https://www.itsnicethat.com/articles/comma-type-cmm-coda-graphic-design-project-110625

https://stacker.news/items/1004142

@ ae9dc5ef:77f0ed87

I'm excited to announce that Nostr Game Engine just reached its first development milestone: v0.0.

What is Nostr Game Engine?

Nostr Game Engine is built on top of the modular and proven jMonkeyEngine.

What sets it apart? Its internals are being gradually replaced with Nostr-powered modules, turning it into a reference engine purpose-built for decentralized games.

This first release delivers these key capabilities:

Peer-to-Peer Networking

Forget centralized game servers. Nostr Game Engine gives you real P2P multiplayer, using WebRTC for data streaming and Nostr relays for coordination.

Want to dig deeper? This is a draft NIP that is a revised version of this other draft NIP, that details how the signaling works.

WebRTC is already a solid and reliable peer-to-peer protocol, equipped with a full set of NAT traversal capabilities, but its signaling phase typically relies on specialized central servers.

By coupling WebRTC with Nostr, we take signaling decentralized too by relying on a network of dumb public relays that are oblivious to what encrypted data we send to them and are easily replaceable.

(see the documentation for more info)

Nostr Authentication & Gamertags

NGE has a fully managed Nostr Auth flow, with support for NIP-49 encrypted local nsecs and  NIP-46 remote signers.

It also fully handles metadata, including external identities:  your profile picture, display name, and other details can carry over between games, and even from other Nostr clients and communities.

This release is also introducing Gamertags: persistent gaming handles tied to your Nostr pubkey. They are like Xbox Gamertags or the old Discord handle, but they’re decentralized and follow you across any game that supports them (check this draft nip for more info).

Match Making

While matchmaking is planned for a later milestone on the roadmap, this release ships with an early implementation to help test RTC connections.

This initial implementation has the APIs to create lobbies that are discoverable and optionally password-protected. Players can search and filter for lobbies using both client-side and relay-side filtering, depending on what the relay supports.

Right now, you can’t see how many players are in a lobby, and the feature is still a bit rough around the edges, but it's a solid start, and more improvements are coming as we move further along the roadmap.

The cool part? You don’t even need to know Nostr is running under the hood. The engine exposes simple APIs like createLobby, findLobbies, and connectToLobby, the developer can call them when needed, and the engine handles all the relay querying and data stitching behind the scenes.

(see the documentation for more info)

A new Nostr Client Library

The engine uses a new Nostr client library built from scratch, designed for performance, asynchronicity, and memory efficiency. It’s lean, fast, and built to be the foundation for everything that comes next.

Cross-Platform and language of choice

The entire codebase is written mostly in Java, and it builds natively for Linux, macOS, and Windows.

Support for Android, iOS, and Web Browsers is on the roadmap.

What has been built so far?

• Version 0.0, with the core features mentioned above

• Documentation covering the key components of the engine

• An app template to help bootstrap projects and experiment with the engine

• An high performance and portable nostr client library

• A tech demo (more on that later)

So now, you can get a real feel for the engine, see what it does, play around with it, and maybe even start experimenting with your own ideas.

Roadmap

This is just the beginning. There is a full roadmap on the website.

Upcoming milestones include ads, deeper identity features, and tools that make decentralized game development as smooth as possible.

Sea of Nostriches

This is a demo built for this release. 

You start alone in an open ocean with a boat, nothing much at first. 

But as soon as another player joins (another peer), your boat begins sending data directly to theirs via peer-to-peer communication. You’ll see this visualized as a stream of numbers moving between boats in game.

If you have a profile picture set, it’ll automatically appear on your boat’s sail, and you’ll see others’ profile pictures on theirs.

That’s the core of it. 

It is not a real game, as there is nothing really to do, no lag compensation, no score etc… but it is a decent reference, and an “integration test” for this release.

There’s a lot more going on behind the scenes, like how the ocean is simulated or how rendering is handled, but that’s beyond the scope of this post. You can check out the full source code on GitHub, along with native builds for all supported platforms and a portable JAR.

---

That’s all for now! Huge thanks go to nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqypu8xwr40lp96ewdj2fef408wy70gd3carf9n6xu7hrnhq6whpgly925h0z for making this possible. Their support allows me to dedicate full-time effort to this project and contribute to the growth of the Nostr ecosystem.

---

Check out the website at ngengine.org and browse the docs at ngengine.org/docs if you want to dig deeper.

Feel free to come up with any questions. I’ll do my best to answer.

@ 84b0c46a:417782f5

やること

• [ ] るみ　初期のわかりにくごちゃ設定を何とかする
• [x] るみ　シーンおんのやつみなおしてみる
• [ ] やってることまとめるやつ
• [ ] びうあ　publishのリレー状態チェック
• [x] るみ　10002並べ替え
• [ ] るみ 10030の並べ替え？
• [ ] カスタム絵文字のやつ
• [x] まきもの　naddrを渡して編集画面開く
• [x] るみ naddrの更新ボタン
• [ ] ニーサ
• [ ] クレカのポイント使い切って、他のクレカ契約できたら、今のクレカ解約する(アマゾンかなんか)

• [x] るみ 書き込むたびにチェックマークが増えてくよ

  nostr:nevent1qvzqqqqqqypzpp9sc34tdxdvxh4jeg5xgu9ctcypmvsg0n00vwfjydkrjaqh0qh4qyxhwumn8ghj77tpvf6jumt9qys8wumn8ghj7un9d3shjtt2wqhxummnw3ezuamfwfjkgmn9wshx5uqpz9mhxue69uhkuenjv4kxz7fwv9c8qqgnwaen5te0xyerwt3s9cczuvf6xsurvwgpzdmhxue69uhhwmm59ehx7um5wghxuet5qythwumn8ghj7mn0wd68ytnfw36xzmndduhx6etwqywhwumn8ghj7un9d3shjtnwdaehgu3wwa5hyetydejhgtn2wqqzpzatskhfw95aj6g0tex2c5wy0ydlrnts8lk7du60t906d23p7ch4whv3xm

• [x] るみ 画像表示させる前にワンクッションメニュー

• [x] るみ ステータスのカスタム絵文字、挿入と変換
• [x] るみ　30023のembedが常にワンクッションになってる見→たぶんきのせい
• [ ] るみ　ブロックリレー10006を読む
• [ ] るみ　poll 期限後の投票は無視する
• [x] るみ　引用のaをqに
• [ ] スマホ📱 au解約/IIJ契約
• [ ] 掃除

デイリー

• うめちぇっく
• 薬飲む
• 生姜接種

@ 472f440f:5669301e

Marty's Bent

via me

I had a completely different newsletter partially written earlier tonight about whether or not "this cycle is different" when this nagging thought entered my head. So I'm going to write about this and maybe I'll write about the dynamics of this cycle compared to past cycles tomorrow.

A couple of headlines shot across my desk earlier tonight in relation to the potential escalation of kinetic warfare in the Middle East. Apparently the U.S. Embassy in Iraq was sent a warning and evacuation procedures were initiated. Not too long after, the world was made aware that the United States and Israel are contemplating an attack on Iran due to the "fact" that Iran may be close to producing nuclear weapins. The initial monkey brain reaction that I had to these two headlines was, "Oh shit, here we go again. We're going to do something stupid." My second reaction was, "Oh shit, here we go again, I've seen these two exact headlines many times over the years and they've proven to be lackluster if you're a doomer or blood thirsty war monger." Nothing ever happens.

As I venture into my mid-30s and reflect on a life filled with these types of headlines and my personal reactions to these headlines, I'm finally becoming attuned to the fact that the monkey brain reactions aren't very productive at the end of the day. Who knows exactly what's going to happen in Iraq or Iran and whether or not kinetic warfare escalates and materializes from here? Even though I'm a "blue-blooded taxpaying American citizen" who is passively and unwillingly contributing to the war machine and the media industrial complex, there's really nothing I can do about it.

The only thing I can do is focus on what is in front of me. What I have control of. And attempt to leverage what I have control of to make my life and the life of my family as good as humanly possible. Ignoring the external and turning inward often produces incredible results. Instead of worrying about what the media wants you to believe at any given point in time, you simply look away from your computer screen, survey the physical space which you're operating in and determine what you have, what you need and how you can get what you need. This is a much more productive way to spend your time.

This is what I want to touch on right now. There's never been a better time in human history to be productive despite what the algorithm on X or the mainstream media will lead you to believe. Things aren't as great as they could be, but they're also not as bad as you're being led to believe. We live in the Digital Age and the Digital Age provides incredible resources that you can leverage to make YOUR life better.

Social media allows you to create a platform without spending any money. AI allows you to build tools that are beneficial to yourself and others with very little money. And bitcoin exists to provide you with the best form of money that you can save in with the knowledge that your relative ownership of the overall supply isn't going to change. No matter what happens in the external world.

If you can combine these three things to make your life better and - by extension - potentially make the lives of many others better, you're going to be well off in the long run. Combining these three things isn't going to result in immediate gratification, but if you put forth a concerted effort, spend the time, have some semblance of patience, and stick with it, I truly believe that you will benefit massively in the long run. Without trying to sound like a blowhard, I truly believe that this is why I feel relatively calm (despite my monkey brain reactions to the headlines of the day) at this current point in time.

We've entered the era of insane leaps in productivity and digital hard money that cannot be corrupted. The biggest mistake you can make in your life right now is overlooking the confluence of these two things. With an internet connection, an idea, some savvy, and hard work you can materially change your life. Create something that levels up your knowledge, that enables you to get a good job in the real world, or to create a company of your own. Bring your talents to the market, exchange them for money, and then funnel that money into bitcoin (if you're not being paid in it already). We may be at the beginning of a transition from the high velocity trash economy to the high leverage agency economy run on sound money and applied creativity.

These concepts are what you should be focusing most of your time and attention to today and in the years ahead. Don't get distracted by the algorithm, the 30-second video clips, the headlines filled with doom, and the topics of the 24 hour news cycle. I'll admit, I often succumb to them myself. But, as I get older and develop a form of pattern recognition that can only be attained by being on this planet for a certain period of time, it is becoming very clear that those things are not worth your attention.

Living by the heuristic that "nothing ever happens" is a pretty safe bet. Funnily enough, it's incredibly ironic that you're led to believe that something is happening every single day, and yet nothing ever happens. By getting believing that something happens every day you are taking your attention away from doing things that happen to make your life better.

Tune out the noise. Put on the blinders. Take advantage of the incredible opportunities that lie before you. If enough of you - and many others who do not read this newsletter - do this, I truly believe we'll wake up to find that the world we live in is a much better place.

Nothing ever happens, so make something happen.

Intelligence Officials Are Quietly Becoming Bitcoin Believers

Ken Egan, former CIA Deputy Chief of Cyber Operations, revealed a surprising truth on TFTC: the intelligence community harbors numerous Bitcoin advocates. Egan explained that intelligence professionals uniquely understand how governments weaponize financial systems through sanctions and account freezing. Having wielded these tools themselves, they recognize the need for personal financial sovereignty. He shared compelling anecdotes of discovering colleagues with "We are all Satoshi" stickers and a European chief of station paying for dinner with a BlockFi card to earn Bitcoin rewards.

"I think there are a lot of Bitcoiners, not just at CIA, but across the whole national security establishment... they're in it for the exact same reasons everybody else is." - Ken Egan

The Canadian trucker protests served as a pivotal moment, Egan noted. Watching Western governments freeze citizens' bank accounts for political dissent struck a nerve among intelligence professionals who previously viewed financial weaponization as a tool reserved for foreign adversaries. This awakening has created unlikely allies within institutions many Bitcoiners distrust.

Check out the full podcast here for more on Bitcoin's national security implications, privacy tech prosecutions, and legislative priorities.

---

Headlines of the Day

Stripe Buys Crypto Wallet Privy After Bridge Deal - via X

Trump Calls CPI Data "Great" Urges Full Point Fed Cut - via X

Bitcoin Hashrate Reaches New All-Time High - via X

Get our new STACK SATS hat - via tftcmerch.io

---

Bitcoin’s Next Parabolic Move: Could Liquidity Lead the Way?

Is bitcoin’s next parabolic move starting? Global liquidity and business cycle indicators suggest it may be.

Read the latest report from Unchained and TechDev, analyzing how global M2 liquidity and the copper/gold ratio—two historically reliable macro indicators—are aligning once again to signal that a new bitcoin bull market may soon begin.

Download the report here

---

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

---

Final thought...

Life is good.

---

Download our free browser extension, Opportunity Cost: https://www.opportunitycost.app/ start thinking in SATS today.

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

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

@ 5627e59c:d484729e

Ik hou van de natuur en van verbinding maken\ Van diepgang en van mensen raken

Van creatief schrijven en programmeren\ Van speels bewegen en nieuwe dingen leren

Ik hou van leven en van dromen\ En van mensen zien\ Hun diepste wensen uit doen komen

@ 5627e59c:d484729e

Ik sta hier nu een poos\ Bevroren, machteloos

Ik wil graag iets veranderen\ Gewoon iets doen voor anderen

Maar het mag precies niet zijn\ En dat doet me veel pijn

Verlamd en vol van onbegrip\ Ik krijg er maar geen grip op

Op de wereld en de mensen\ Zij verpletteren mijn diepste wensen

Niemand die eens hoort\ Naar wat mij toch zo stoort

Ik kan nog eens proberen\ Om de wereld om te keren

Maar ik weet, het heeft geen zin\ Ik raak nooit binnen in

De ander\ Kom, verander

Misschien wordt het eens tijd\ Dat ik mezelf bevrijd

Van al die overmacht\ Die mij toch zo versmacht

Een stapje achteruit\ Adem in en adem uit

Ik doe mijn oogjes dicht\ En zie wie mij verplicht

Opzadelt met ambitie\ Van waar komt toch die missie

Al de pijn die ik niet aankan\ En van 't bestaan verban

Al 't bewijs voor mijn geloof\ Dat ik niet meer vliegen kan

@ 5627e59c:d484729e

Look and see\ Look and see

You look like how you look at me

Look and see\ Look and see

The colorless through the color TV

Look and see\ Look and be

The unborn identity

@ 6be5cc06:5259daf0

Introdução

O princípio do sola scriptura, pedra angular da teologia protestante desde a Reforma do século XVI, estabelece que apenas a Escritura constitui a autoridade final e suprema em questões de fé e prática cristã. Este princípio, formulado inicialmente por Martinho Lutero e sistematizado pelos reformadores subsequentes, pretende oferecer um fundamento epistemológico sólido para a teologia, livre das supostas corrupções da tradição eclesiástica.

Contudo, uma análise rigorosa revela que o sola scriptura incorre em contradições lógicas fundamentais que comprometem sua viabilidade como sistema epistemológico coerente. Este artigo examina essas contradições através de três perspectivas complementares: filosófica, exegética e histórica.

A Contradição Performativa Fundamental

O Problema da Autorreferência

O sola scriptura enfrenta um dilema epistemológico insuperável: afirma que apenas a Escritura possui autoridade final em matéria de fé, mas essa própria regra não é explicitamente ensinada na Escritura. Trata-se de uma contradição performativa clássica, onde o enunciado viola suas próprias condições de possibilidade.

Esta situação configura uma falácia de petitio principii (círculo vicioso), pois exige que se aceite uma doutrina que não pode ser sustentada pelas premissas do próprio sistema. Para estabelecer o sola scriptura, seria necessário recorrer a uma autoridade externa à Escritura – precisamente aquilo que o princípio pretende rejeitar.

Fundacionalismo Mal Estruturado

Do ponto de vista epistemológico, o sola scriptura apresenta-se como um fundacionalismo defeituoso. Pretende funcionar como axioma supremo e auto-evidente, mas falha ao não fornecer a base textual que sua própria metodologia exige. Um verdadeiro fundacionalismo escriturístico deveria ser capaz de demonstrar sua validade através de uma prova explícita nas próprias Escrituras.

O Testemunho Contrário das Escrituras

Limitações do Registro Escrito

A própria Escritura reconhece as limitações do registro textual. João 21:25 declara explicitamente: "Jesus fez também muitas outras coisas. Se cada uma delas fosse escrita, penso que nem mesmo no mundo inteiro haveria espaço suficiente para os livros que seriam escritos."

Este versículo é particularmente problemático para o sola scriptura, pois reconhece que nem todos os ensinamentos de Cristo foram preservados por escrito. Como pode a Escritura ser suficiente se ela própria admite sua incompletude?

A Valorização da Tradição Oral

Paulo, em 2 Tessalonicenses 2:15, oferece uma instrução que contradiz frontalmente o sola scriptura: "Assim, pois, irmãos, ficai firmes e conservai os ensinamentos que de nós aprendestes, seja por palavras, seja por carta nossa."

O apóstolo valoriza inequivocamente tanto a tradição oral ("por palavras") quanto a escrita ("por carta"), estabelecendo um modelo de autoridade dual que o protestantismo posterior rejeitaria.

A Necessidade de Autoridade Interpretativa

A narrativa do eunuco etíope em Atos 8:30-31 demonstra a inadequação da Escritura isolada como autoridade final. Quando Filipe pergunta se o eunuco entende o que lê, a resposta é reveladora: "Como poderei entender, se alguém não me ensinar?"

Este episódio ilustra que a mera posse do texto bíblico não garante compreensão adequada. É necessária uma autoridade interpretativa externa – no caso, representada por Filipe, que age com autoridade apostólica.

A Complexidade Hermenêutica

Pedro, em sua segunda epístola (3:16-17), reconhece a dificuldade interpretativa inerente às Escrituras: "Suas cartas contêm algumas coisas difíceis de entender, as quais os ignorantes e instáveis torcem, como também o fazem com as demais Escrituras, para a própria destruição deles."

Esta passagem não apenas reconhece a complexidade hermenêutica dos textos sagrados, mas também alerta sobre os perigos da interpretação inadequada. Implicitamente, sugere a necessidade de uma autoridade interpretativa confiável para evitar distorções doutrinárias.

O Paradoxo Histórico da Canonização

A Dependência da Tradição Eclesiástica

Um dos argumentos mais devastadores contra o sola scriptura emerge da própria história da formação do cânon bíblico. Os concílios de Hipona (393 d.C.) e Cartago (397 d.C.) foram responsáveis pela definição oficial do cânon das Escrituras tal como conhecemos hoje.

Este fato histórico cria um paradoxo insuperável: aceitar a Bíblia como autoridade única requer aceitar a autoridade da tradição eclesiástica que a definiu. O próprio cânon bíblico é produto da tradição apostólica e da deliberação conciliar, não de autodefinição escriturística.

A Circularidade da Autopistia

Tentativas protestantes de resolver este dilema através do conceito de "autopistia" – a suposta capacidade das Escrituras de se auto-autenticar – apenas aprofundam o problema circular. Como determinar que as Escrituras possuem esta propriedade sem recorrer a critérios externos? A própria doutrina da autopistia não é explicitamente ensinada na Escritura.

Implicações Teológicas e Epistemológicas

A Fragmentação Interpretativa

A história do protestantismo oferece evidência empírica das consequências práticas do sola scriptura. A multiplicação de denominações e interpretações divergentes sugere que o princípio, longe de fornecer clareza doutrinária, pode na verdade contribuir para a fragmentação teológica.

Se a Escritura fosse verdadeiramente suficiente e auto-interpretativa, seria razoável esperar maior convergência hermenêutica entre aqueles que aderem ao sola scriptura. A realidade histórica sugere o contrário.

A Alternativa Católica e Ortodoxa

As tradições católica e ortodoxa, embora enfrentando suas próprias tensões epistemológicas, mantêm pelo menos coerência interna ao reconhecer explicitamente múltiplas fontes complementares de autoridade: Escritura, Tradição e Magistério (no caso católico) ou Escritura e Tradição (no caso ortodoxo).

Estas posições evitam a contradição performativa do sola scriptura ao não reivindicar que sua própria metodologia epistemológica seja derivada exclusivamente da Escritura.

Conclusão

A análise crítica do sola scriptura revela contradições estruturais que comprometem fundamentalmente sua viabilidade como princípio epistemológico. O princípio incorre em contradição performativa ao estabelecer uma regra que não pode ser derivada de suas próprias premissas, configura um fundacionalismo mal estruturado ao carecer de base textual explícita, e enfrenta o testemunho contrário da própria Escritura, que reconhece suas limitações e a necessidade de autoridades interpretativas externas.

O paradoxo histórico da canonização – onde o próprio cânon bíblico depende da autoridade tradicional que o sola scriptura pretende rejeitar – representa talvez o golpe mais decisivo contra o princípio protestante.

Isso não implica necessariamente a falsidade do protestantismo como sistema teológico, mas sugere que seus fundamentos epistemológicos requerem reformulação substancial. Uma teologia protestante intelectualmente honesta precisaria reconhecer as limitações do sola scriptura e desenvolver uma epistemologia mais nuançada que leve em conta a complexidade das fontes de autoridade religiosa.

A busca pela verdade teológica, independentemente de compromissos confessionais, exige o reconhecimento rigoroso das limitações e contradições inerentes aos nossos sistemas epistemológicos. No caso do sola scriptura, essa honestidade intelectual revela um princípio que, por mais central que seja para a identidade protestante, não pode sustentar o peso epistemológico que tradicionalmente lhe foi atribuído.

@ da8b7de1:c0164aee

Az IAEA Kormányzótanácsának Ülése

A Nemzetközi Atomenergia-ügynökség (IAEA) 2025. június 9. és 13. között tartotta szokásos Kormányzótanácsi ülését bécsi központjában. Ez a magas szintű esemény a tagállamok képviselőit hozta össze, hogy megvitassák a nukleáris biztonság, védelem és technológia legújabb fejleményeit. Rafael Mariano Grossi, az IAEA főigazgatója a találkozó elején sajtótájékoztatót tartott, amelyen kiemelte az ügynökség folyamatos erőfeszítéseit a biztonságos és védett nukleáris energia világszintű előmozdításában [iaea.org].

A Világbank Nukleáris Energiát Támogató Fordulata

Mérföldkőnek számító döntésként a Világbank 2025. június 10-én bejelentette, hogy megkezdi új nukleáris energia projektek – köztük kis moduláris reaktorok (SMR-ek) és meglévő erőművek élettartam-hosszabbításának – finanszírozását. Ez a döntés a Bank régóta fennálló, nukleáris energia finanszírozását ellenző politikájának felülvizsgálatát jelenti. Ajay Banga, a Világbank elnöke elmondta, hogy a változás a nukleáris energia globális dekarbonizációban és energiabiztonságban betöltött növekvő szerepének elismerését tükrözi [ans.org].

Globális Támogatás a Nukleáris Kapacitás Megháromszorozásáért

A bakui COP29 ENSZ klímakonferencián újabb hat ország – El Salvador, Kazahsztán, Kenya, Koszovó, Nigéria és Törökország – csatlakozott ahhoz a kezdeményezéshez, amely célul tűzte ki a globális nukleáris kapacitás megháromszorozását 2050-ig. Ez a mozgalom része annak a szélesebb nemzetközi törekvésnek, amely a nukleáris energia gyorsabb elterjesztését szorgalmazza a tiszta energiára való átmenet kulcselemeként. Az Egyesült Államok szintén bemutatta tervét 200 GW nukleáris kapacitás 2050-ig történő telepítésére, ezzel is megerősítve elkötelezettségét a nukleáris energia mellett a klíma- és energiakihívások kezelésében [world-nuclear-news.org].

Ipari és Technológiai Fejlemények

• Az American Bureau of Shipping jelentést tett közzé az előrehaladott nukleáris technológia tengeri alkalmazásának lehetőségeiről, különös tekintettel a kis moduláris reaktorokra LNG-szállító hajókon.
• Az Egyesült Királyság Nemzeti Energiarendszer-üzemeltetője hangsúlyozta a nukleáris energia fontosságát a 2030-ra megvalósítandó tiszta energiatermelési rendszer elérésében, beleértve a meglévő erőművek élettartam-hosszabbítását és új reaktorok építését [world-nuclear-news.org].

---

Források: - world-nuclear-news.org - iaea.org - ans.org

@ 2b998b04:86727e47

🌋 Ka ʻImi i ka Pono: Seeking What’s Right

A 7-Day Series on Sovereignty, Bitcoin, and the Soul of the Islands

> "Man is not free unless he wills to be free."\ > — Johann Gottlieb Fichte

Hawai‘i understands sovereignty. It always has.\ But it was taken — first with pen and politics, then with force and fiat.

Bitcoin offers something different:\ A way to reclaim sovereignty without violence.\ A tool for self-rule, not state rule.\ A system built not on empire, but on truth and time.

This week, I’ll be posting a 7-part series exploring this tension:\ Between the Hawai‘i that was, the system that is, and the future that might be — if we choose to build on bedrock instead of paper.

I don’t know if there’s a traditional Hawaiian word for a 7-day week — maybe there doesn’t need to be.\ Time moves differently on these islands.\ But for the next 7 days, I’ll mark each reflection as a kind of modern lā hoʻomanaʻo — a day of remembering, reckoning, and restoring.

This is personal. It’s philosophical. It’s also unfinished.

But that’s what sovereignty looks like:\ Not something given — something reclaimed.

Stay tuned. Stay akamai.\ 🟧\ — Andrew G. Stanton (aka akamaister)

@ b1ddb4d7:471244e7

Jason Lowery’s thesis, Softwar: A Novel Theory on Power Projection and the National Strategic Significance of Bitcoin, reframes bitcoin not merely as digital cash but as a transformative security technology with profound implications for investors and nation-states alike.

For centuries, craft brewers understood that true innovation balanced tradition with experimentation—a delicate dance between established techniques and bold new flavors.

Much like the craft beer revolution reshaped a global industry, bitcoin represents a fundamental recalibration of how humans organize value and project power in the digital age.

The Antler in the Digital Forest: Power Projection

Lowery, a U.S. Space Force officer and MIT scholar, anchors his Softwar theory in a biological metaphor: Bitcoin as humanity’s “digital antler.” In nature, antlers allow animals like deer to compete for resources through non-lethal contests—sparring matches where power is demonstrated without fatal consequences. This contrasts sharply with wolves, who must resort to violent, potentially deadly fights to establish hierarchy.

The Human Power Dilemma: Historically, humans projected power and settled resource disputes through physical force—wars, seizures, or coercive control of assets. Even modern financial systems rely on abstract power structures: court orders, bank freezes, or government sanctions enforced by legal threat rather than immediate physical reality.

Lowery argues this creates inherent fragility: abstract systems can collapse when met with superior physical force (e.g., invasions, revolutions). Nature only respects physical power.

Bitcoin’s Physical Power Engine: Bitcoin introduces a novel solution through its proof-of-work consensus mechanism. Miners compete to solve computationally intense cryptographic puzzles, expending real-world energy (megawatts) to validate transactions and secure the network.

This process converts electricity—a tangible, physical resource—into digital security and immutable property rights. Winning a “block” is like winning a sparring match: it consumes significant resources (energy/cost) but is non-destructive.

The miner gains the right to write the next page of the ledger and collect rewards, but no participant is physically harmed, and no external infrastructure is destroyed.

Table: Traditional vs. Bitcoin-Based Power Systems

Power System

Mechanism

Key Vulnerability

Resource Cost

Traditional (Fiat/Banking)

Legal abstraction, threat of state force

Centralized points of failure, corruption, political change

Low immediate cost, high systemic risk

Military/Economic Coercion

Physical force, sanctions

Escalation, collateral damage, moral hazard

Very high (lives, capital, instability)

Bitcoin (Proof-of-Work)

Competition via energy expenditure

High energy cost, concentration risk (mining)

High energy cost, low systemic risk

Softwar Theory National Strategic Imperative: Governments Are Taking Notice

Lowery’s Softwar Theory has moved beyond academia into the corridors of power, shaping U.S. national strategy:

1. The Strategic Bitcoin Reserve: Vice President JD Vance recently framed bitcoin as an instrument projecting American values—”innovation, entrepreneurship, freedom, and lack of censorship”. State legislation is now underway to implement this reserve, preventing easy reversal by future administrations.
2. Regulatory Transformation: The SEC is shifting from an “enforcement-first” stance under previous leadership. New initiatives include:
   • Repealing Staff Accounting Bulletin 121 (SAB 121), which discouraged banks from custodying digital currency by forcing unfavorable balance sheet treatment.
   • Creating the Cyber and Emerging Technologies Unit (CETU) to develop clearer crypto registration/disclosure rules.

The Investor’s Lens: Scarcity, Security, and Asymmetric Opportunity

For investors, understanding “Softwar” validates bitcoin’s unique value proposition beyond price speculation:

• Digital Scarcity as Strategic Depth: Bitcoin’s fixed supply of 21 million makes it the only digital asset with truly inelastic supply, a programmed scarcity immune to political whims or central bank printing.

  This “scarcity imperative” acts as a natural antidote to global fiat debasement. As central banks expanded money supplies aggressively (Global M2), bitcoin’s price has shown strong correlation, acting as a pressure valve for inflation concerns. The quadrennial “halving” (latest: April 2024) mechanically reduces new supply, creating built-in supply shocks as adoption grows. * The Antifragile Security Feedback Loop: Bitcoin’s security isn’t static; it’s antifragile. The network strengthens through demand: * More users → More transactions → Higher fees → More miner revenue → More hashpower (computational security) → Greater network resilience → More user confidence.
  This self-reinforcing cycle contrasts sharply with traditional systems, where security is a cost center (e.g., bank security budgets, military spending). Bitcoin turns security into a profitable, market-driven activity. * Institutionalization Without Centralization: While institutional ownership via ETFs (like BlackRock’s IBIT) and corporate treasuries (MicroStrategy, Metaplanet) has surged, supply remains highly decentralized.

  Individuals still hold the largest share of bitcoin, preventing a dangerous concentration of control. Spot Bitcoin ETFs alone are projected to see over $20 billion in net inflows in 2025, demonstrating robust institutional capital allocation.

The Bitcoin Community: Building the Digital Antler’s Resilience

Lowery’s “Softwar” theory underscores why bitcoin’s decentralized architecture is non-negotiable. Its strength lies in the alignment of incentives across three participant groups:

1. Miners: Provide computational power (hashrate), validating transactions and securing the network. Incentivized by block rewards (newly minted BTC) and transaction fees. Their physical energy expenditure is the “muscle” behind the digital antler.
2. Nodes: Independently verify and enforce the protocol rules, maintaining the blockchain’s integrity. Run by users, businesses, and enthusiasts globally. They ensure decentralized consensus, preventing unilateral protocol changes.
3. Users: Individuals, institutions, and corporations holding, transacting, or building on bitcoin. Their demand drives transaction fees and fuels the security feedback loop.

This structure creates “Mutually Assured Preservation”. Attacking bitcoin requires overwhelming its global, distributed physical infrastructure (miners/nodes), a feat far more complex and costly than seizing a central bank’s gold vault or freezing a bank’s assets. It transforms financial security from a centralized liability into a decentralized, physically-grounded asset.

Risks & Responsibilities

Investors and policymakers must acknowledge persistent challenges:

• Volatility: Bitcoin remains volatile, though this has decreased as markets mature. Dollar-cost averaging (DCA) is widely recommended to mitigate timing risk.
• Regulatory Uncertainty: While U.S. policy is increasingly favorable, global coordination is lacking. The EU’s MiCAR regulation exemplifies divergent approaches.
• Security & Custody: While Bitcoin’s protocol is robust, user errors (lost keys) or exchange hacks remain risks.
• Environmental Debate: Proof-of-Work energy use is scrutinized, though mining increasingly uses stranded energy/renewables. Innovations continue.

Jason Lowery’s “Softwar” theory elevates bitcoin from a financial instrument to a socio-technological innovation on par with the invention of the corporation, the rule of law, or even the antler in evolutionary biology. It provides a coherent framework for understanding why:

• Nations like the U.S. are looking to establish bitcoin reserves and embracing stablecoins—they recognize bitcoin’s role in projecting economic power non-violently in the digital age.
• Institutional Investors are allocating billions via ETFs—they see a scarce, secure, uncorrelated asset with antifragile properties.
• Individuals in hyperinflationary economies or under authoritarian regimes use bitcoin—it offers self-sovereign wealth storage immune to seizure or debasement.

For the investor, bitcoin represents more than potential price appreciation. It offers exposure to a fundamental reorganization of how power and value are secured and exchanged globally, grounded not in abstract promises, but in the unyielding laws of physics and mathematics.

Like the brewers who balanced tradition with innovation to create something enduring and valuable, bitcoin pioneers are building the infrastructure for a more resilient digital future—one computationally secured block at a time. The “Softwar” is here, and it is reshaping the landscape of p

@ edeb837b:ac664163

On June 10th, 2025, four members of the NVSTly team traveled to New York City to attend the 2025 American Business Awards® ceremony, held at the iconic Marriott Marquis in Times Square. It was an unforgettable night as we accepted the Gold Stevie® Award for Tech Startup of the Year—this time, in person.

Meow (left), rich (center), MartyOooit (right)

Representing NVSTly at the event were:

• Rich, CEO & Founder
• Meow, CTO, Lead Developer, & Co-Founder
• MartyOooit, Investor
• Noob, Market Analyst (not shown in photos)

MartyOooit (left), rich (center), Meow (right)

While we shared the exciting news back in April when the winners were announced, being there in person alongside other winners—including eBay, AT&T, T-Mobile, HP Inc., and Fidelity Investments—made the achievement feel even more surreal. To be honored alongside billion-dollar industry leaders was a proud and humbling moment for our startup and a huge milestone in NVSTly’s journey.

---

🎤 Team Interview at the Event

During the event, our team was interviewed about the win. When asked:

“What does winning a Stevie Award mean for your organization?”
“How will winning a Stevie Award help your organization?”

Here’s what we had to say:
📺 Watch the video

---

A Big Win for Retail Traders

NVSTly was awarded Gold for Tech Startup of the Year in recognition of our work building a powerful, free social investing platform that empowers retail traders with transparency, analytics, and community-driven tools.

Unlike traditional finance platforms, NVSTly gives users the ability to:

• Share and track trades in real time
• Follow and receive alerts from top traders
• Compete on global leaderboards
• Access deep stats like win rate, average return, and more

Whether you're a beginner or experienced trader, NVSTly gives you the insights and tools typically reserved for hedge funds—but in a free, social format built for the modern investor.

---

Continued Recognition and Momentum

This award adds to a growing list of recognition for NVSTly:

• 🏆 People’s Choice Winner at the 2024 Benzinga Fintech Awards
• 🔁 Nominated again for Best Social Investing Product in the 2025 Benzinga Fintech Awards
• 🌟 Team members JustCoreGames and Lunaster are nominated for Employee of the Year (Information Technology – Social Media) in the 2025 Stevie® Awards for Technology Excellence

We’re beyond proud of what our small but mighty team has accomplished—and we’re just getting started. 🚀

---

Thanks to the Stevie Awards for an incredible night in New York, and to our community of 50,000+ traders who’ve helped shape NVSTly into what it is today.
This win is yours, too.

Stay tuned—more big things are coming.

— Team NVSTly

---

The event brought together some of the most respected names in tech, finance, and business.

@ 5627e59c:d484729e

Nooit is mijn dans echter\ Dan net nadat het regende\ Want regen biedt een kans\ Om mijn gevoel te voelen

Zolang de regen spettert\ En ik mezelf graag zie\ Wordt er niets verplettert\ Ook al lijkt dat soms wel zo

Zodra de regen ophoudt\ En zich terugtrekt met de wolken\ Komt een nieuwe glans\ Voor het eerst mijn ogen binnen

Wat is het leven heerlijk\ Als ik eerlijk ben en voel\ Wat is het leven zacht\ En het brengt me naar mijn doel

Wat zou ik weten zonder regen\ Gewoon steeds evenveel\ Niet groeien is niet leven\ Daarom dans ik het liefst

Net na de echte regen

@ 5627e59c:d484729e

In een zee van mogelijkheden\ Kunnen we best veel tijd aan dromen besteden

Dromen is een universele taal\ Het wordt gedaan door ons allemaal

Het is het woord\ Dat deze gelijkheid de grond in boort

@ 8173f6e1:e488ac0f

{"voteEventId":"083ae248828a454a7d01b7de12f99ce90297672e0457ec8147bd7cfabd14f044","txHash":"752d3894c5657758d7b9754da3dc38db61662acb5f94c3dcb38077fc33f1bd7e","amount":"1000000000000000000","fee":"1000000000000000000","type":"token-gated-vote-proof"}

@ 79be667e:16f81798

I am here too\ In the same space like you

In the same situation I'm in\ It's a matter of positioning

I cannot leave this place I'm in\ It was brought about\ By what's been happening

So please don't look at me\ For what I can or cannot do for you\ But look at what is happening for me\ And what is happening for you

Let's communicate\ Not orchestrate

Because there's something I wish to do\ And there's a place I wish to go to

And I'm sure that there is too\ In your heart a fire\ Known by only you

So let us listen, look and see\ For what's true for you\ And what's true for me

That we may act upon what's here\ In order for us both to take a step\ In the direction we wish to steer

@ cae03c48:2a7d6671

Bitcoin Magazine

The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch

American Bitcoin Corp (ABTC), a newly formed private Bitcoin mining company backed by Eric Trump and Donald Trump Jr., announced in a June 10 SEC filing that it has acquired 215 Bitcoin (BTC) since launching operations on April 1, 2025. The reserve is currently valued at approximately $23 million, showing their drive and commitment to Bitcoin. 

JUST IN: American Bitcoin Corp (private) reports to have 215 #bitcoin (per 31 May) since it's launch on April 1, 2025.

They will merge with Gryphon Digital $GRYP and become public under ticker $ABTC.

They mention "Bitcoin accumulation is not a side effect of ABTC’s business.… pic.twitter.com/wq1Uxr76Z2

— NLNico (@btcNLNico) June 10, 2025

“Bitcoin accumulation is not a side effect of ABTC’s business. It is the business,” the company stated in the filing.

Furthermore, ABTC has entered into a merger agreement with Gryphon Digital Mining ($GRYP), and the combined company is expected to begin public trading under the ticker $ABTC as early as Q3 2025. 

The company’s three-layer strategic plan—outlined in the SEC disclosure—details a focused approach:

Layer 1: Build the Engine

• ABTC’s foundation is built on “producing Bitcoin below-market cost through a capital efficient, infrastructure-light operating model.” The company owns and operates over 60,000 miners from Bitmain and MicroBt, running primarily on Hut 8-managed facilities.

Layer 2: Scale the Reserve

• ABTC had “accumulated approximately 215 Bitcoin in reserve since launching on April 1, 2025,” which it considers a long-term strategic asset. The firm states its goal is “to utilize public markets and strategic financing structures to access efficient capital and leverage that capital to increase its Bitcoin in reserve per share.”

Layer 3: Lead the Ecosystem 

• The company ultimately aims to use its operational scale and mining position to drive industry-wide adoption. “ABTC may pursue opportunities to support protocol development, enhance network infrastructure and contribute to Bitcoin’s resilience and adoption in ways that align with shareholder value creation.”

For mining rewards, ABTC uses Foundry and Luxor pools with sub-1% fees and relies on Coinbase Custody for secure cold storage, featuring multi-factor authentication and strict withdrawal protocols. 

With operations across Niagara Falls, NY; Medicine Hat, AB; and Orla, TX, ABTC is leveraging strategic partnerships—primarily with Hut 8—to scale its Bitcoin holdings while influencing the broader crypto mining ecosystem.

This post The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 5627e59c:d484729e

Machtig water\ Door velen bemind

Element van beweging\ Vormgever aan land\ Bondgenoot van wind

Voorkomer van comfort\ Toelater van rust

Machtig water\ Waar ik ook ga\ Ik weet dat jij de grond onder mijn voeten kust

@ cae03c48:2a7d6671

Bitcoin Magazine

Michael Saylor: The Bear Market Is Not Coming Back And Bitcoin Is Going To $1 Million

Today, the Executive Chairman and CEO of Strategy Michael Saylor commented on the company’s aggressive Bitcoin-based strategy in a recent interview at Bloomberg, emphasizing that Bitcoin is not going to zero, it is going to $1 million.

“I think we’re in a digital gold rush and you’ve got ten years to acquire all your bitcoin before there’s no bitcoin left for you,” Saylor said. “The competition is a virtuous competition.” 

JUST IN: Michael Saylor said the bear market is not coming back and Bitcoin is going to $1 million

pic.twitter.com/J4sn80LMzs

— Bitcoin Magazine (@BitcoinMagazine) June 10, 2025

Saylor also said that Bitcoin is not going to have bear markets anymore and the price is going to $1 million per coin.

“Winter is not coming back,” commented Sayor. “We are past that phase. If Bitcoin is not going to zero, it is going to $1 million. The President of the United States is determined. He supports Bitcoin, the cabinet supports Bitcoin, Scott Bessent supports Bitcoin, Paul Atkins is shown himself to be an enthusiastic believer of Bitcoin and digital assets… Bitcoin has gotten through its riskiest period.”

He also pointed out that international firms are rapidly entering the space.

“Metaplanet is the hottest company in Japan right now, they went from $10 million to a $1 billion market cap to a $5 billion market cap. They’re going to raise billions of dollars. They’re going to pull the liquidity out of the Japanese market. So they’ll be raising capital in Tokyo and the Tokyo Stock Exchange… It’s not competitive. It’s cooperative.”

Strategy’s approach is far from traditional. The company is not just buying and holding Bitcoin; it is building financial instruments around it, which Saylor believes sets them apart.

“Our company has a very particular business model,” he stated. “It’s to issue Bitcoin-backed credit instruments like Bitcoin-backed bonds and especially Bitcoin-backed preferred stocks. We’re the only company in the world that’s ever been able to issue a preferred stock backed by Bitcoin. We’ve done three of them in the past five months.”

Rather than viewing Bitcoin treasury holdings or ETFs as competitors, Saylor explained that Strategy is targeting a different segment of the market entirely.

“We’re not competing against the Bitcoin treasury companies. We’re competing against ETFs like PFF that have portafolios of preferred stocks or corporate bond portfolios that are trading as ETFs in the public market, and the way we compete is we offer 400 basis points more yield on an instrument that is much more heavily collateralized and more transparent… That’s $100 trillion or more of capital in those markets,” explained Saylor.

He emphasized that Strategy’s Bitcoin balance sheet gives it a unique edge, giving the company the ability to design unique financial products.

“Our advantage is that we’re 100% Bitcoin… It’s impossible to issue Bitcoin-backed convertible preferred and Bitcoin-backed fixed preferred unless you’re willing to make 100% of your balance sheet Bitcoin.”

“I’m not really worried about competition from JPMorgan or Berkshire Hathaway,” concluded Saylor. “I would love for them to enter the Bitcoin space, buy up a bunch of Bitcoin. When they do it, they’ll be paying $1,000,000 a Bitcoin. The price will go to the moon.”

This post Michael Saylor: The Bear Market Is Not Coming Back And Bitcoin Is Going To $1 Million first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 79be667e:16f81798

De laatste zonnestralen van de dag streken over de eeuwige golven en weerkaatsten als lichtpuntjes in de ogen van schipper Joris terwijl hij nog een slok nam van zijn glazen fles die de vorm had van het hoofd van een oude monnik.

Gekregen van een oude vrouw uit de bergen van de Himalaya, zorgde de rum genaamd 'Old Monk' voor een verwarmend gezelschap op deze eenzame kerstnacht.

Joris had met zijn boot naar India gevaren nadat zijn vrouw hem had verlaten en hij een Indiër had ontmoet die had gezegd: "Waar ik vandaan kom, zijn vrouwen vrij en worden ze niet gezien als enkel en alleen de mooie lichamen die zij bezitten of als eeuwig bezit van een gezin."

Verward en ongelovig had Joris gekeken naar de wereld en besefte dat vrouwen inderdaad slechts gezien werden als hun fysieke schoonheid, genegeerd werden voor hun koesterende gevoeligheid en bekritiseerd werden door hun spontane intensheid en had hierop voor twee jaar lang gezocht in India naar deze vrije vrouwen met als enig resultaat een oude vrouw te ontmoeten die alleen in de bergen woonde en dagelijks haar wijsheid deelde met ieder luisterend oor.

Daar ging het doorzichtig monnikshoofd en verliet met een grote gebogen vlucht de hand van schipper Joris toen plots met groot kabaal de boot abrupt tot stilstand kwam en Joris hals over kop naar de andere kant van het dek geslingerd werd.

Het monnikshoofd verdween in het donker terwijl Joris zijn lichaam probeerde te lokaliseren en met zijn ogen wijd open zijn hersenen zo veel mogelijk informatie probeerde door te spelen.

Tevergeefs, want zijn enorme verschot werd gevolgd door een enkel groeiende verbazing, ongeloof en desoriëntatie toen de boot begon te kantelen.

De bundel licht, afkomstig van de mast van de boot, zwierde doorheen het donker en kwam te schijnen op een gigantische rots in het midden van de zee die werd bezeten door een oogverblindende glinstergroene schijn.

Uit het donker kwam het monnikshoofd, dat nog steeds in volle vlucht was, in het vizier van de lichtbundel en plaatste zich exact tussen de glinstergroene verschijning en Joris waarbij Joris doorheen het monnikshoofd gezegend werd met het zicht op een pracht van een zeemeermin die uitnodigend poseerde op de rots.

Met een luide plons viel Joris achterover in het water toen hij zich realiseerde dat vrouwen zichzelf ook lieten vangen door lust en hun uiterlijke opmaakcompetities en met een dankbare glimlach zonk hij naar de bodem van de zee en was opnieuw geboren.

@ 5627e59c:d484729e

In het hart van een gepensioneerde operazangeres ontstond een stemmetje. Het stemmetje klonk verrast. "He," ging het hart. "Ik heb een stemmetje gekregen! Hoe kan dit? Kan iemand me horen? Zouden mijn gedachten me kunnen horen?" vroeg het stemmetje, niet wetend aan wie. Want de gedachten hoorden het niet. Zij waren zo druk bezig met het verleden en hadden een grote angst dit te verliezen. "Weet je nog?" gingen de gedachten. "Voor duizenden mensen heb ik gezongen! Avond na avond! Tienduizenden mensen hebben me toegejuicht! Wat waren ze onder de indruk! Luister! Ik kan het nog steeds!" "He," ging het hart. "Hoor je me dan niet? Het ging toch helemaal niet om dat gejuich. Weet je dan niet meer hoe ik me volledig bloot gaf aan die mensen. Mijn diepste en meest persoonlijke verhalen waren te horen in mijn liederen. Daar draaide het toch om? De mensen waren niet enkel onder de indruk. Hun harten hebben mijn verhalen gevoeld en konden zo kennis geven aan hun gedachten. Is dat niet wat echt telde?" Maar de gedachten waren volop aan het zingen voor de ene persoon die ze konden vinden die wou luisteren. "He," ging het hart. "Ook in dit moment zijn mijn liederen te horen door vele gedachten en te voelen door vele harten over de hele wereld. Heb ik dan geen rust verdiend? Kan ik niet even genieten van de rust die in dit moment te vinden is, maar jullie van me afnemen?" Maar de gedachten waren nog steeds volop aan het zingen.

@ 5627e59c:d484729e

I am the space\ In which your experience takes place

You could never meet me\ For I hold no identity

The only way to really see me\ Is to be me

@ 3283ef81:0a531a33

Hey\ Ho

Let's go!

@ b1ddb4d7:471244e7

Hosted at the iconic Palace of Culture and Science—a prominent symbol of the communist era—the Bitcoin FilmFest offers a vibrant celebration of film through the lens of bitcoin. The venue itself provides a striking contrast to the festival’s focus, highlighting bitcoin’s core identity as a currency embodying independence from traditional financial and political systems.

𝐅𝐢𝐱𝐢𝐧𝐠 𝐭𝐡𝐞 𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐰𝐢𝐭𝐡 𝐩𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐦𝐮𝐬𝐢𝐜 𝐯𝐢𝐛𝐞𝐬.
Warsaw, Day Zero at #BFF25 (European Bitcoin Pizza Day) with @roger__9000, MadMunky and the @2140_wtf squad pic.twitter.com/9ogVvWRReA

— Bitcoin FilmFest (@bitcoinfilmfest) May 28, 2025

This venue represents an era when the state tightly controlled the economy and financial systems. The juxtaposition of this historical site with an event dedicated to bitcoin is striking and thought-provoking.

The event features a diverse array of activities, including engaging panel discussions, screenings of both feature-length and short films, workshops and lively parties. Each component designed to explore the multifaceted world of bitcoin and its implications for society, offering attendees a blend of entertainment and education.

The films showcase innovative narratives and insights into bitcoin’s landscape, while the panels facilitate thought-provoking discussions among industry experts and filmmakers.

Networking is a significant aspect of the festival, with an exceptionally open and friendly atmosphere that foster connections among participants. Participants from all over Europe gather to engage with like-minded individuals who share a passion for BTC and its implications for the future.

The open exchanges of ideas foster a sense of community, allowing attendees to forge new connections, collaborate on projects, and discuss the potential of blockchain technology implemented in bitcoin.

The organization of the festival is extraordinary, ensuring a smooth flow of information and an expertly structured schedule filled from morning until evening. Attendees appreciate the meticulous planning that allowed them to maximize their experience. Additionally, thoughtful touches such as gifts from sponsors and well-chosen locations for various events contribute to the overall positive atmosphere of the festival.

Overall, the Bitcoin FilmFest not only highlights the artistic expression surrounding bitcoin but also serves as a vital platform for dialogue—about financial freedom, the future of money, and individual sovereignty in a shifting world.

The event successfully bridges the gap between a historical symbol of control and a movement that celebrates freedom, innovation, and collaboration in the digital age, highlighting the importance of independence in financial systems while fostering a collaborative environment for innovation and growth.

Next year’s event is slated for June 5-7 2026. For further updates check: https://bitcoinfilmfest.com/

@ 5627e59c:d484729e

Love, I thank you for your warmth\ Ever lifting

You keep me charmed\ Ever drifting

May I be me\ And you be you

In a perfect harmony\ Embracing all life makes us grow through

@ efc2b6e5:99c53c19

AI companies massively influence society by projecting their values on ML models, whether we want it or not. It'd be great if at least some people in the companies knew how exactly they influence society, could make certain predictions, or even make ML models themselves predict users' worldviews and some of their behavior.

Some might argue that AI systems already do something like that. I believe they could do it much better: chatbots could be more balanced in terms of security (they are definitely overcensored) and recommender systems, for instance, could contribute to healthy personal and collective transformations (rather than just competing in ability to steal users' attention and trap it in the echo chambers).

Reductionism is an obstacle in AI development

Even most reliable knowledge doesn't solve some of the problems that are already in demand. Even least reliable knowledge still may contain something useful for our problems. While we lack reliable and noncontradictory knowledge, we can still benefit from certain synthesis of working ideas. There's approach that makes it possible to look at the knowledge from a very broad perspective, do such synthesis, and benefit from emergent properties of the synthesis.

Integral (Meta-)Theory created by Ken Wilber is probably the best known attempt to enable the possibility to form and navigate the big picture understanding in a hope to address issues of the epoch we've recently entered.

IMO it has certain challenges that make it repellent to IT:

1. Fundamental psychological theories on which the Integral Theory is based are still pretty fragile; they need time to become mature enough and recognized (while it doesn't look like we have that time). There are endless edit wars on Wikipedia, which makes me feel depressing about possibilities to even introduce Spiral Dynamics and Multiple Intelligences to IT people.
2. Emphasis on controversial interpretations of certain arational states of consciousness.

It's hard to address the first challenge; however, I recently discovered a new “secularized” Non-Reductionist Philosophy launched by David Long, which, among other things, uses wisdom from Integral Theory and attempts to address the second challenge. I'm glad that there are people who don't just criticize the Integral Theory, its community and Wilber's positions but are also developing the new meta-theories.

NR can also be a good way to get familiar with other meta-theories, so one could choose whatever works the best for their problems. For instance, if you're working on something as exotic as some competitor to EEG-powered meditation device, perhaps you will find Integral Theory relevant to study as well, since it's more focused on the states.

I'd like to point out a couple of moments I noticed in the video "Why Non-Reductionism Is A Better Meta-Theory" that caught my attention, as well as in some other older videos. There's not much to comment on the content itself rather than on the form of the content. This feedback might be used for improvements/elaborations in the next videos and just for everyone curious about the new meta-theory. But first

Why do I post here?

Specifically for the deep topics that relate to the current epoch, I no longer find engaging in the YouTube/FB/Reddit/Diqus/Giscus/etc. discussions useful anymore, at least due to broken and almost omnipresent AI-based censorship, that keeps “improving” at randomly shadow-banning people. How many deep and valuable opinions we no longer see?

BTW, it's possible to create Reddit-like communities here at Nostr as well, using Satellite client for example. I believe it's a better place for NR, Rebel Wisdom and many others.

References to full materials used for criticism

There are curious clips with Wilber in the video. It'd be great to have links in the description (or at least titles of the full videos if it's copyrighted material) so viewers could easier form their own independent opinions. I find it important during the age of information overload and narrative warfare. This will also improve SEO.

Emergentism FAQ

There's a strong position on emergence of consciousness; it seems it's not even a hypothesis in NR and I guess that makes some people so reactive.

I think it would be great to have an FAQ page to possibly make future debates more ecological and fruitful. Some of the things that could be elaborated in the FAQ:

• importance of distinction between philosophical theory (inductive reasoning? or actually deductive reasoning? I'm confused here) and scientific theory (deductive reasoning)
• the fact that for now counterarguments usually fall into the categories of “ignorance fallacy”, “false equivalency fallacy” and “God of the gaps” which aren't something sufficient; the whole point of challenge was to find at least a logically valid counterposition (ideally a counterposition that is sound with currently available scientific ~~facts~~ theories), not the nitpicking attacks
• what kind of emergence is meant, is it important here at all and why.

Debates moderation

Probably most of the debates converge to consensus, which are fruitful anyway. There are a few interesting conflicting debates as well. However, I found this specific conflicting debate with Matt Segall quite exceptional.

Matt's position was not understood. He was more interested in a dialogue rather than debates and I think it would be more productive. However, in this specific case, my guess is it would literally take hours to just figure out the common language on a certain concept he mentions.

My humble guess is that a combination of negotiator and moderator with a primary perceiving personality type function (if typologies work at all) could be a step to more meaningful and ecological dialogues in the future. But such negotiator/moderator should also be skilled enough to reflect most challenging parts using more “rational language” as best as possible. These people are rare. Basically I mean the style of dialogues that happened between theoretical physicist David Bohm and Indian philosopher Jiddu Krishnamurti: IMO these were the talks where both sides at some point were barely transcending limitations of their languages and focusing more on intuition in order to understand each other. Much fuzzier and spontaneous dialogues, which aren't prematurely limited by too harsh rationality. Similar thing (with shorter periods of negotiation) could be combined with debating as well.

I hope NR community will be open to understanding more perspectives and won't end up turning into something like a cold and scary crystallization of rational arrogance; that would be damaging and quite opposite to the healthy intentions of the whole project.

Final thoughts

I like the clarity and density of the presented ideas in the video, the choice of lines of development in the map and the alternative to the Integral Methodological Pluralism. I like the mentioned interpretation of “free” will, very much resonates with how I personally interpret it. Tritone-ish devilish sounds in the cons sections is a nice aesthetic choice as well.

I guess there's a lot to learn from NR, no matter what positions we hold on the “rational spirituality” and that sort of stuff. Just to avoid projections and misunderstandings: I'm in a neutral position to all the post-postmodern discourses (NR, Integral, Metamodernism, etc.); I care about these philosophies, make my own distinctions on what's healthy or not, and my positions don't necessarily perfectly match with some of the claims these philosophies make.

Thank you David Long for launching this philosophy and the movement; I'm looking forward to the next videos!

I'd appreciate reposts and all this as well, thanks!

@ 5627e59c:d484729e

Jaren tellen\ Hoeft voor mij niet

Verhalen vertellen\ Over geluk en verdriet

Een warme haven\ Veilig en fijn

Dromen voorgedragen\ Onschuldig en rein

Momenten ervaard, geleerd\ En geïntegreerd

Ideeën, geloven en gevoelens\ Gevormd en gecreëerd

Zonder eind of echt begin\ Vallen, groeien, leren, stoeien

Een gezin in een gezin met een gezin erin\ Gezind gericht blijft liefde vloeien

@ 95543309:196c540e

$$\int_{-\infty}^{\infty} e^{-x^2/2} \, dx = \sqrt{2\pi}$$$$\sum_{k=1}^n k^2 = \frac{n(n+1)(2n+1)}{6}$$$$\lim_{x \to \infty} \left(1 + \frac{1}{x}\right)^x = e$$$$\begin{vmatrix}a & b \\c & d\end{vmatrix} = ad - bc$$$$\frac{d}{dx}\left(\frac{x^2 + 1}{x - 1}\right)$$$$\iiint_V (\nabla \cdot \mathbf{F}) \, dV = \oint_{\partial V} \mathbf{F} \cdot d\mathbf{S}$$$$\binom{n}{k} = \frac{n!}{k!(n-k)!}$$$$\ln\left(\frac{f(x)}{g(x)}\right) = \ln f(x) - \ln g(x)$$$$\forall x \in \mathbb{R}, \exists y \in \mathbb{R} \text{ such that } x + y = 0$$$$\sqrt{\frac{x^2 + y^2}{x^2 - y^2}}$$$$\begin{array}{c|c}A & B \\hlineC & D\end{array}$$$$\sum_{i=1}^n \sum_{j=1}^n a_{ij}x_i x_j$$$$\mathcal{L}{f(t)}(s) = \int_0^\infty e^{-st}f(t)\,dt$$$$\frac{\partial^2 u}{\partial t^2} = c^2 \frac{\partial^2 u}{\partial x^2}$$$$\mathbf{A} = \begin{pmatrix}a_{11} & a_{12} \\a_{21} & a_{22}\end{pmatrix}, \quad\mathbf{B} = \begin{pmatrix}b_{11} & b_{12} \\b_{21} & b_{22}\end{pmatrix}$$$$\underbrace{a + b + \dots + z}{26}$$$$\left(\frac{a}{b}\right)^n = \frac{a^n}{b^n}$$$$\langle \psi | \phi \rangle = \int{-\infty}^{\infty} \psi^*(x)\phi(x) \, dx$$$$\oint_C \mathbf{F} \cdot d\mathbf{r} = \iint_S (\nabla \times \mathbf{F}) \cdot d\mathbf{S}$$$$\prod_{k=1}^n \left(1 + \frac{1}{k}\right) = \frac{(n+1)}{1}$$$$S(\omega)=1.466\, H_s^2 \frac{\omega_0^5}{\omega^6} \exp\Bigl[-3^{\frac{\omega}{\omega_0}}\Bigr]^2$$

@ 5627e59c:d484729e

Gelukkig zijn\ Is de waarde van mijn leven

Gewoon dankbaar te bestaan\ Geen mens heeft me ooit zo'n mooi cadeau gegeven

Dankbaar voor mijn sprankelen\ Mijn doen en voor mijn streven

Maar ook dat ik mag wankelen\ Mag vallen en mag beven

Want wat er ook gebeurt\ Het duurt steeds maar voor even

De wijsheid van mijn hart\ Voor alles is een reden

Het leven brengt mij deugd\ En soms brengt het me pijn

Maar nooit neemt het die vreugd\ De toelating om hier te zijn

De kans om iets te leren\ Te zien en om te groeien

Geeft mij kracht te accepteren\ Te omarmen en te bloeien

@ 5627e59c:d484729e

The world around me\ Is assumed to be

Through sensory observations\ This appears to me

What I experience\ Is for me

But the ultimate experience\ Is for me\ To be

@ 5627e59c:d484729e

I am here too\ In the same space like you

In the same situation I'm in\ It's a matter of positioning

I cannot leave this place I'm in\ It was brought about\ By what's been happening

So please don't look at me\ For what I can or cannot do for you\ But look at what is happening for me\ And what is happening for you

Let's communicate\ Not orchestrate

Because there's something I wish to do\ And there's a place I wish to go to

And I'm sure that there is too\ In your heart a fire\ Known by only you

So let us listen, look and see\ For what's true for you\ And what's true for me

That we may act upon what's here\ In order for us both to take a step\ In the direction we wish to steer

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Officially Traded Above $100,000 For 30 Consecutive Days For The First Time

Bitcoin has officially completed 30 consecutive days trading above the $100,000 mark, marking a historic milestone in its 15 year journey. Bitcoin achieved its all time high (ATH) of $111,980 on May 22, almost hitting $112,000.

JUST IN: Bitcoin has stayed above $100,000 for 30 consecutive days for the first time ever! pic.twitter.com/nfccEK3Wf0

— Bitcoin Magazine (@BitcoinMagazine) June 10, 2025

In the last 30 days, Bitcoin saw a 10 percent pullback right after reaching its ATH, dropping to $100,428. However, it wasn’t for long, as Bitcoin is back at $109,511 at the time of writing. Momentum appears to be building once again, signaling to be bullish.

“Anytime price is able to punch through a major resistance level, whether psychological or historical, and successfully hold, it is certainly a bullish sign,” said the technical analyst of Wolfe Research Read Harvey. “What really stood out to us was price’s ability to hold that level on the back test, when it briefly fell to $100,000 on Thursday. It also happened to align perfectly with the 50-day moving average. … We feel this should act as a launching pad back towards the recent highs of $112,000.”

In the past month, Bitcoin has surged into the financial and political mainstream. Several U.S. states including New Hampshire first, followed by Arizona, and then Texas have passed legislation recognizing Bitcoin as a strategic reserve asset. These laws reflect a growing trend of state level interest in using Bitcoin as a financial hedge and as part of long term fiscal policy.

“New Hampshire didn’t just pass a bill; it sparked a movement,” stated the CEO and Co-Founder of Satoshi Action Dennis Porter.

At the same time, financial institutions are rapidly expanding their Bitcoin offerings. JP Morgan has started providing loans backed by Bitcoin ETFs as collateral. BlackRock’s Bitcoin ETF has entered a period of intense activity, generating record trading volumes and capturing the attention of both retail and institutional investors.

To date, a total of 228 public and private entities have Bitcoin in their balance sheets and in the last 30 days, companies like GameStop, Know Labs, and Norway-based NBX have added Bitcoin as a strategic reserve. All these companies are treating Bitcoin not just as a speculative asset, but as a key part of their long term financial plans. This growing corporate trend follows the example set by Strategy, but it’s now happening on a much larger scale.

At the 2025 Bitcoin conference, the Vice President of the United States of America, JD Vance said in his speech, “Fifty million Americans own Bitcoin. I think it’s gonna be 100 million before too long.”

This post Bitcoin Officially Traded Above $100,000 For 30 Consecutive Days For The First Time first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 3c389c8f:7a2eff7f

Most of my time on Nostr, relays served content simply based on what was requested. Clients mostly requested follow list based content, and often only if the user requested to 'read' from a particular relay. Very simple, though not ideal. Clients that attempted to offer some 'global' or 'universal' feed made it possible to discover some new things but also served spam, redundant bot posts, and even some malicious things that managed to make it through a relay's filters. Paid relays began to gain some ground, with better filters to reduce spam and malicious content, which has helped a lot to clean up these broader feeds that expand beyond the follow-based timeline. Many of the relays hosted redundant content, too, which is important but it's not the only thing that is. The system still left a lot to be desired, particularly for anyone who has understood the potential behind the client-relay set up. Other concerns, like relay centralization through user concentration, still needed to be discussed and addressed.

Despite the voicing of relay diversity advocates, this system seemed to provide most of what people were looking for to replace their typical social media experience. Still, though, reply spam attacks found their way through, as they do. Web-of-Trust relays began to pop up to help mitigate the problem. Using contact lists and extended contact lists as a method of reducing the prevalence of spam has worked really well, but does have it limitations as to how new users can enter into these social graphs, without already knowing someone who is using Nostr. Also not ideal, but it has been a step forward for Nostr's social media use case. Hosted relay services that offered more diverse policy for a relay to operate under finally began to take some hold for those that wanted more choice and control. Still though, potential had barely been breeched.

It might have been before the WoT relay movement, but of nowhere (not really but it kind of seemed like it), a cat relay appeared within the ecosystem. This silly, fun, cute, clever relay collected notes with the #catstr hashtag and used some fancy image analysis stuff (that I can't explain) to collect notes and images of nothing but cats. Such a simple thing, but that was a catalyst (🥁) moment for Nostr. A relay could do more than just collect notes from following lists?? A couple more iterations of the curated content relay model came to be, driving home the idea that this wasn't some silly pie-in-the-sky concept. It was an aha moment for some, sheer joy for the relay advocates, and a turning point for expanding Nostr beyond the basic social media replacement. Very few client options for simply browsing one relay existed at the time, and while it was novel to see, the rest of the framework to support it was not strong nor very easy to use. Even with this dilemma, the catstr relay set off what has become some of the most interesting and useful innovation that has happened within the Nostr ecosystem since I arrived.

Since then, I have spent a lot of my time on Nostr exploring some of what has been developed on the relay front, experimenting where I have found the opportunity and thinking a lot about where this all could lead. Innovation on both the relay and client sides of Nostr have been expanding, not quite in lockstep, but closely enough that someone like myself can now easily jump onto a client like Jumble.social and get a glimpse into what is happening and get an idea of the potential of what is yet to come. For those working in the relay field, I am sure this feels like one slow moving train. For a client developer, it probably feels a little overwhelming to shift an entire model away from what has worked for something that will work better. As a less-than-technical user who is mostly disconnected from any major development, it's exciting. Relay diversity brings actual utility to Nostr. It also brings the assurances that Nostr offers, which whether we have been subjugated to these problems before or not, it is the main reason why Nostr exists and why we are here using it now.

For most anyone reading this, it probably sounds like some weird, unnecessary history lesson. This is actually one long introduction into a little mini-series of relay recaps though.... I was wondering what I would write about next, and this is it. I may just be a user but I'm an adventurous one and I pay attention, so I'm excited to share some of my thoughts, experiences, and observations over the coming weeks... because exciting isn't a strong enough word for the what I see as possible. :)

@ 5627e59c:d484729e

Happy New Year!

Happy New Year, my dearest human family\ Happy New Year, my dearest animal family

Dear children of the Earth\ I wish you all a magical year

May it be utterly new\ Ever-changing\ New now

And may your journey say\ Life is amazing! I'm in a maze\ Life is awesome! Quite some awe\ Life is magical! True alchemy

I am human\ Black woman, I love you so\ Life-giver of my origin, the negro [nigiro]

I am\ Thus physical and non-physical meet

Life is to be\ As the elements are and compete\ And as they collide with one another\ One becomes aware of an other\ And so life sets on a journey\ To discover the other

Animal life is set to explore\ Allowing all experience the other has in store\ Life left to experience without a voice\ Until it discovers there is an 'I'\ And it has a choice

Human life is to be inside a human body\ Thus fusion between intellect and feeling\ Gets to express its perspective\ Inside infinity

Truly, a magical gift\ My Holy Trinity

And so from human life flow many voices\ As it navigates through infinite choices

Thus I say

Life is magic\ A gift for all that is here\ Perceived by too many as tragic\ Take care of your vision, I tell you, my dear [tell-a-vision]

Life is magic\ And words are spells\ Placing your aim beyond your reach\ It takes away efficiency from your speech

Life is magic\ Above all else\ Even when it has me feeling blue\ Seemingly left without a clue

Still I say

Perfection\ You are everything\ And I am of you

The source, the mirror\ And the reflection

@ c9badfea:610f861a

🤖️ AI Articles

• 🗨️ Using LLMs for OPSEC

---

📱 Android Articles

• 📹️ Device as Dashcam
• 🥩 Tracking Food Intake
• ✍️ Taking Handwritten Notes
• 🕒 Tracking Habits
• 🧭 Navigating the Wild
• 📝 Organizing Notes and Tasks
• 🧠 Studying Smarter
• 💱 Tracking Fiat Currency Exchange Rates
• 🌠 Offline Planetarium
• 📥 Downloading Media From 1000+ Sites
• 🔥 Blocking Ads and Trackers
• ⛅ Getting Detailed Weather Information
• 📦 Installing Apps Directly From Source
• 🎮 Playing Retro Games
• 🖼️ Generating AI Images Locally
• 📖 Reading PDF Documents and EPUB Books
• 🔒 Storing Passwords Safely
• 🗺️ Using Offline Maps
• 🎵 Producing Music On-Device
• 💾 Writing ISO Images to USB Drives
• 💻 Coding On-Device
• 🎬 Watching and Downloading Videos from YouTube, Rumble, Odysee, Bitchute, and More
• 🔤 Upgrading the Typing Experience
• 📰 Reading RSS Feeds
• 📥 Downloading Torrents
• 📺 Watching IPTV Channels for Free
• 🔒 Easily Verifying File Checksums
• 🗣️ Offline Translator
• 🗣️ Offline Text-to-Speech Engine
• 🤖 Running LLMs Locally
• 🌐 Browsing Entire Websites Offline
• 🔐 Quickly Encrypting Files

---

✏️ Other Articles

• 🔠 Unicode Fonts
• 🔤️ Fancy Unicode Characters

@ 5627e59c:d484729e

De laatste zonnestralen van de dag streken over de eeuwige golven en weerkaatsten als lichtpuntjes in de ogen van schipper Joris terwijl hij nog een slok nam van zijn glazen fles die de vorm had van het hoofd van een oude monnik.

Gekregen van een oude vrouw uit de bergen van de Himalaya, zorgde de rum genaamd 'Old Monk' voor een verwarmend gezelschap op deze eenzame kerstnacht.

Joris had met zijn boot naar India gevaren nadat zijn vrouw hem had verlaten en hij een Indiër had ontmoet die had gezegd: "Waar ik vandaan kom, zijn vrouwen vrij en worden ze niet gezien als enkel en alleen de mooie lichamen die zij bezitten of als eeuwig bezit van een gezin."

Verward en ongelovig had Joris gekeken naar de wereld en besefte dat vrouwen inderdaad slechts gezien werden als hun fysieke schoonheid, genegeerd werden voor hun koesterende gevoeligheid en bekritiseerd werden door hun spontane intensheid en had hierop voor twee jaar lang gezocht in India naar deze vrije vrouwen met als enig resultaat een oude vrouw te ontmoeten die alleen in de bergen woonde en dagelijks haar wijsheid deelde met ieder luisterend oor.

Daar ging het doorzichtig monnikshoofd en verliet met een grote gebogen vlucht de hand van schipper Joris toen plots met groot kabaal de boot abrupt tot stilstand kwam en Joris hals over kop naar de andere kant van het dek geslingerd werd.

Het monnikshoofd verdween in het donker terwijl Joris zijn lichaam probeerde te lokaliseren en met zijn ogen wijd open zijn hersenen zo veel mogelijk informatie probeerde door te spelen.

Tevergeefs, want zijn enorme verschot werd gevolgd door een enkel groeiende verbazing, ongeloof en desoriëntatie toen de boot begon te kantelen.

De bundel licht, afkomstig van de mast van de boot, zwierde doorheen het donker en kwam te schijnen op een gigantische rots in het midden van de zee die werd bezeten door een oogverblindende glinstergroene schijn.

Uit het donker kwam het monnikshoofd, dat nog steeds in volle vlucht was, in het vizier van de lichtbundel en plaatste zich exact tussen de glinstergroene verschijning en Joris waarbij Joris doorheen het monnikshoofd gezegend werd met het zicht op een pracht van een zeemeermin die uitnodigend poseerde op de rots.

Met een luide plons viel Joris achterover in het water toen hij zich realiseerde dat vrouwen zichzelf ook lieten vangen door lust en hun uiterlijke opmaakcompetities en met een dankbare glimlach zonk hij naar de bodem van de zee en was opnieuw geboren.

@ 5627e59c:d484729e

Zonneschijn\ Stralen, lachen, zo fijn\ Moge de wereld dankbaar zijn

De vrouw, mijn gevoeligheid\ Bron van creativiteit

Genietend niets doen in het gras\ Met wat brood en wat wijn in het glas

@ 93bfc86d:fc8e91f5

질서자유주의가 자유주의 세상을 만드는 방법

안캡의 전략에는 크게 두 가지, 호페의 질서자유주의와 새뮤얼 콘킨 3세의 아고리즘이 있다.

로스바드-호페 라인의 질서자유주의는 논리를 기반으로 자연권을 정당화하고, 이를 통해 국가의 부당함을 설파한다. 미제스의 "인간은 행동한다."라는 제1공리부터 시작해서, 행동의 제1수단인 신체가 그 자신에게 소유되어야 한다는 자기 소유를 증명하고 자연권을 철저하게 연역적으로 정당화해간다. 안캡의 세상을 만들려는 이들의 방법론도 논리적이다.

예를 들어 호페의 『자유주의자는 무엇을 해야 하는가』 책에서는 위로부터의 전환이 불가능함에 따라 아래로부터의 전환을 해야 한다는 주장이 나온다. 과거에는 이런 자유로운 세상이 도래하기 위해서는 왕 한 명이 "앞으로 자기가 원하는 대로 보안 기업을 자유롭게 선택하고, 더 이상의 강제는 없다!"라고 선언만 하면 됐다. 따라서 왕 한 명만 어떻게 설득을 하거나, 압박을 하든 주리를 틀든 일단 왕이 이렇게 선언하게 하기만 하면 됐다. '마그나 카르타'도 결국 귀족 연합이 왕 한 명을 압박해 왕이 서명했던 것 아닌가?

반면에 현대 민주주의 사회를 보자. 대한민국에서 대통령 한 명이 최저임금을 폐지할 수 있는가? 최저임금은 헌법에 보장되는데(헌법 32조) 따라서 이를 폐지하는 것은 거의 개헌만큼이나 어렵다. 대통령이나 국회의원 과반이 발의를 해야 하고, 국회에서 재적 3분의 2 이상이 찬성해야 겨우 통과되며, 이렇게 통과해도 국민투표에서 과반수가 동의해야 겨우 없어지는 것이다. 즉, 거의 불가능에 가깝다.

따라서 호페는 위로부터의 전환이 불가능함에 따라 전국적인 중앙 정부의 투표를 거부할 것을 제안한다. 대통령 선거나 국회의원 선거 등 말이다. 여기서 중앙 정부 단위의 투표를 거부하는 이유는 중앙 정부의 부당성도 있지만, 이 투표를 통해 세상을 바꾸는 게 현실성이 없어서 그렇다.

같은 맥락에서 지역 선거의 투표는 항상 거부하는 건 아닌데, 자유주의자들이 한 국가 전체에서 과반을 얻는 것은 불가능하지만, 한 지역에 점점 몰리는 경우에는 적어도 그 지역에서는 과반이 될 수도 있기 때문이다. 따라서 아주 작은 지역에서 자유주의자들이 다수결이 된다면 적어도 그 지역에 한해서는 위로부터의 전환이 가능해진다. 그러면 투표를 거부하다가 지역구에서 본격적으로 투표를 하기 전에 선행되어야 할 일은 자유주의가 많이 퍼지고, 자유주의를 지지하는 사람들이 특정 지역에 몰리기 시작해야 하는 것일 것이다. 비트코이너들이 특정 지역에 몰려 시타델을 건설하는 상황을 생각하면 될 것 같다.

그 이후에는? 지역구의 대표로 선출된 인물이 해당 지역구의 투표권을 재산 소유자에게 재산 크기(지분)대로 다시 분배해야 한다. 즉, 재산이 없는 사람은 투표권이 없다. 모든 공공 인프라(도로, 수도, 전기, 교육, 치안, 사법 등등)는 전부 주식으로 판매되어 민영화된다(지방 정부는 이를 통해 재원을 마련한다). 이에 따라 공공 인프라는 완전히 사적 소유로 전환된다. 치안, 사법, 교육 모두 민간 영역으로 전환된다.

현재 세계에서 자유주의자들이 이런 관점을 취한다면 무엇을 해야 할까? 일단 자유주의를 더 많은 사람에게 퍼뜨려야 한다. 또한, 자유주의자들이 모일 지역을 물색해야 할 것이다. 그리고 중앙 정부 단위의 투표를 거부해야 할 것이다.

그림 1. 질서 자유주의의 상징인 아나코 캐피탈리즘 깃발

현대 민주주의 투표의 부당함

아고리즘의 전략을 이야기하기 전에 먼저 현대 민주주의 투표의 부당함에 대해 살펴보고 가자. 개인적인 생각도 들어가 있다.

투표 행위 자체는 유권자의 권리 행사로 전혀 나쁠 것이 없다. 다수결의 원칙도 당연히 마찬가지다. 투표 당사자들이 다수결의 원칙에 동의하기 때문에 참여하는 것이기 때문이다. 그래서 민주주의는 선거에서 져도 그 결과에 승복하는 것이 그 시스템의 규칙이다. 예를 들어 주주총회에서 주주들이 지분대로 의결권을 행사하거나 행사하지 않아서 생기는 결과는 그 행위 자체로는 전혀 문제가 없다.

투표의 정당성은 투표라는 행위 자체로부터 판단되는 것이 아니라 그 투표가 어떤 시스템 아래서 이뤄지는 투표인지로부터 판단해야 한다. 나는 두 가지 관점에서 살펴볼 것이다.

현대 민주주의의 투표는 유권자가 자신의 권리를 당선자에게 위임하는 행위다. 한 후보가 당선되면 다수결의 원칙에 따라서 그 후보는 그 후보를 찍지 않은 유권자들의 권리까지 모두 가져간다. 여기까지는 문제가 없다. 투표 행위 참여자들이 다수결의 원칙이라는 그 시스템에 동의하기 때문에 투표하기 때문이다.

그런데 현대 민주주의는 당선된 후보가 그 후보에게 투표했든, 투표하지 않았든, 기권을 했든 간에 다른 사람의 소유권을 마음껏 유린할 수 있는 권한도 가져간다. 이건 아주 큰 문제다. 국회의원이 세금을 늘리는 입법 권한을 행사하거나, 대통령이나 국회에서 예산을 편성해 정부 지출을 늘리고, 돈을 찍어내서 사람들의 소유권을 유린하는 행위가 용인된다.

어떤 사람도 다른 사람의 소유권을 침해할 수는 없다. 소유권은 단순히 희소한 재화의 분배 문제를 해결하는 실용적 대안이라서 중요한 것이 아니다. 인간 행동이라는 공리로부터 자기 소유 원칙을 이끌어내고, 그가 소유한 신체와 삶을 써서 획득한 재화(원초적 점유)에 대한 소유권을 보장하는 것이며, 그리고 이미 소유권이 있는 재화를 교환의 양 당사자가 자유롭게 교환하는 행위를 보장하는 것이다.

따라서 소유권은 인간에게 이성이 있다는 존엄성의 표현이자 인간 시간(삶)의 희소성과 귀중함을 인정하는 것이다. 어느 누구도 이를 모독할 권리는 없다. 이를 침해하는 것은 보편 원리에 따라 그 자신의 소유권도 포기한다는 뜻과 같으며, 이는 결국 자기 신체의 자기 소유도 부정하는 셈이 된다.

현대 민주주의에서 투표하는 것은 다른 누군가의 소유권을 유린할 사람을 뽑는 것과 같다. 애초에 이런 권한은 누구에게도 주어지지 않았으며 당연히 누구에게도 없으니 넘겨줄 수도 없는 권한이다.

현대 민주주의의 삼권분립 체제는 당선자에게 이러한 강탈의 권한이 보장된다. 설령 후보자가 이런 권한을 행사하지 않는다고 하더라도 이 시스템이 그러한 권한을 발동할 수 있다는 것을 언제든지 보장한다면 이러한 시스템은 폐기되어야 한다.

따라서 현대 민주주의에서 투표하는 행위는 누군가가 이러한 권한을 행사하는 것에 대한 동의로 간주될 수 있다. 어떤 후보가 이런 행위를 다른 후보보다 '덜' 한다고 해서 그 후보에 투표하는 것에 대한 정당성은 당연히 확보될 수 없다. 더하는지 덜하는지에 따라 이 약탈이 정당화될 수는 없기 때문이다.

심지어 어떤 후보가 이런 약탈 행위를 절대 안 할 것이라고 공언한다고 해도, 시스템에 이러한 권한이 보장되어 있는 이상 투표하는 행위는 이 시스템에 동의하는 행위이다. 그 후보가 당선된 이후 갑자기 돌변해 세금을 걷거나 국채를 팔아 예산을 확보하고 돈을 찍어내는 것이 시스템 상에서는 문제가 없기 때문이다. 이것은 간접 민주주의의 단점이라기 보다는, 애초에 이런 다른 사람에 대한 약탈 권한을 행사할 수 있는 시스템 자체가 잘못된 것이다.

현대 민주주의가 부당한 두 번째 이유는 이 시스템에 동의하지 않는 사람들조차 이 시스템의 피해자가 된다는 점이다.

도박에 참여하고 있는 사람들을 생각해보자. 승리자가 나머지 베팅한 모든 사람들의 베팅 금액을 약탈하는 것은 전혀 문제가 되지 않는다. 왜냐하면 도박 참여자들은 패배 시 자신이 베팅한 재산이 승자에게 몰수될 수도 있다는 것에 동의하고 도박에 참여하기 때문이다(따라서 이는 약탈이 아니다). 이에 동의하지 않는다면 도박을 그만하면 된다. 도박사는 언제든지 도박을 그만둘 자유가 있다.

그러나 현대 민주주의는 이 시스템에 동의하지 않더라도 그 나라에서 태어났다는 이유만으로 이러한 약탈에 강제 당할 수밖에 없다. '분배'하기 위해 투표를 할 거면 그 시스템에 동의하는 사람들끼리 서로의 재산을 놓고 분배하면 될 일이다. 그러나 이 시스템은 모든 사람들에게 이 시스템에 참여하는 것이 강제된다.

즉, 이 시스템은 애초에 잘못된 시스템인데 이 안에서 좌니 우니, 대통령제니 내각제니 사람들이 서로 경쟁하게 한다. 시스템 자체에 대한 의문을 품기는 매우 어려운 구조다.

이 시스템이 마음에 안 들면 이민을 가면 된다고 하는 주장은 전혀 설득력이 없다. 이민에 비용이 들고 다양한 현실적인 제약이 있다는 것은 차치하고서 이야기해보자. 만약 이러한 분배(?) 혹은 세금의 권한 행사자가 해당 지역 토지의 소유자고, 그 토지의 사용자가 소유자가 정한 분배 규칙에 동의하는 조건으로 토지를 사용한다면 이러한 세금과 같은 분배는 약탈은 아니다. 사용자가 그 규칙에 자발적으로 동의했으므로 정당화될 수 있는 것이다.

만약 국토의 모든 땅이 사실상 소유자가 있는 게 아니라, 사실상 국가의 소유이며 국가가 국민들에게 사용권을 나눠주는 것이라는 미친 주장을 해도(참고로 이건 토지의 사적 소유권을 부정하는 공산주의다!) 여전히 이 주장은 정당하지 않다.

토지의 소유권을 획득하는 방법은 두 가지가 있는데 첫째, 소유권이 없는 땅을 점유함으로써 소유권을 주장할 수 있게 되는 것, 둘째, 이미 소유권이 있는 토지를 자발적인 교환이나 기부를 통해 획득하는 것이다. 소유권이 있는 생산 수단을 통해 생산된 생산물도 소유권이 인정되는데, 토지는 생산이 불가능하니(우주정거장 같이 새로운 공간을 건설하는 게 아니라면...) 토지를 획득하는 방법은 언급한 두 가지 뿐이다.

그런데 현대 국가가 토지를 소유한 것의 기원을 살펴보자. 식민지화를 통해 강제로 점유하는 것은 대한민국은 해당이 없는 것 같다. 그러면 이미 소유자가 있는 사유지를 각종 규제와 사용 제한을 통해 사실상의 지배권을 확보하거나, 세금으로 축적한 재정으로 구입한 것이다. 그 기원이 모두 약탈에 있다는 점에서 국가의 토지 소유는 정당하지 않다.

따라서 규칙이 싫으면 이민을 가면 된다는 주장은 도둑이 도둑질을 하는데, 도둑질을 당하기 싫으면 멀리 도망가라는 식의 궤변과 같다.

그러나 국가의 계약은 완전히 비자발적이다. 단지 그 신체가 어디서 탄생했다는 이유만으로 그 시스템에 동의한 것이 될 수는 없다. 갓 태어난 아기는 다른 사람의 보호가 있어야만 생존할 수 있다는 점에서 완전히 비자발적인데, 이에 따라 당연히 탄생의 위치도 완전히 비자발적인 것이었기 때문이다.

또한 국가는 국토의 소유자가 아니다. 그보다는 국토의 소유권을 보장'해야' 하는 존재일 뿐이다. 누군가가 규칙을 정하고 싶다면 그 규칙의 영향권은 자신의 사유지 내에서만 영향력이 있으며, 당연히 그 규칙에 자발적으로 동의하는 사람들만 그 사유지를 이용하는 조건으로 계약할 수 있다. 　

정리해보자. 지금까지 현대 민주주의의 투표의 부당함에 대해 두 가지 관점에서 살펴봤다. 첫째는 투표가 약탈이 가능한 이 시스템에 동의한다는 행위라서 부당하다는 것이고, 둘째는 이 시스템에 동의하지 않는 사람들까지 약탈의 대상이 되는 이 시스템에 동의한다는 행위이므로 부당하다는 것이었다.

투표하지 않는 행위가 혹시 반대 세력이 활개치게 두게 되는 것은 아닐까? 그렇지 않다. 투표하지 않는 행위는 이 시스템의 정당성을 약화시킨다. 현대 민주주의의 큰 속임수가 있다. 민주주의에서 비롯된 통치 행위는 51%를 넘은 사람들이 그 통치 행위에 동의했기 때문에 자행되어도 된다는 매우 비논리적인 주장에 입각하고 있다. 이는 당연히 정당성이 없다. 그런데 진짜 큰 속임수는 그 통치 행위에 동의한 사람이 심지어 과반도 아니라는 것이다.

만약 어떤 후보가 생산에 적대적인 수준의 세금 부과와 보편 복지, 최저임금 인상 등의 모두가 고통받는 정책을 공약으로 내세워 당선이 되었다고 해보자. 해당 후보의 득표율이 51%라고 한다면 이는 전국의 51% 국민이 해당 후보를 지지하는 것과 같은 착각을 일으킨다. 그렇지 않다. 만약 투표율이 75%라면, 해당 후보에 동의한 사람은 0.75 x 0.51 = 38%가 된다. 즉, 38%의 동의로 인해 모든 사람이 함께 고통 받게 되는 것이다.

그래서 민주주의는 이러한 사실을 감추면서 사람들에게 투표를 독려할 수밖에 없다. 투표율이 조금만 낮아져도 이에 대한 정당성이 심각하게 낮아지기 때문이다. 투표율이 50%인 상황에서 어떤 후보가 51%의 표를 얻어 당선된다면 전 국민의 25%의 지지로 당선된 것과 같은데 이는 통치 행위에 대한 정당성을 매우 약화시킨다.

소비자 주권 행사

그러면 투표라는 행위가 없다면 일반 시민들은 어떻게 주권을 행사할 수 있을까? 사실 우리는 매일매일 자발적으로 투표를 하고 있다. 바로 미제스가 말한 '소비자 주권' 행사다.

우리는 기업들이 우리에게 어떤 효용을 주는지에 따라 계속 투표한다. 어떤 기업을 살리고, 어떤 기업을 죽일지, 어떤 기업을 거지 기업에서 부자 기업으로 만들지, 또는 어떤 기업을 부자 기업에서 거지 기업으로 만들지 투표한다. 바로 '소비'를 통해서 말이다.

이러한 소비라는 투표 방식은 완전히 자발적이라는 점에서 소유권을 제대로 보장한다. 약탈과는 완전히 동떨어진 행위다.

또한, 이러한 투표 방식은 각자가 원하는 대로 효용을 누릴 수 있다. 사법과 치안도 시장의 영역으로 들어오면 우리는 어떤 규칙 아래서 살아갈지 자유롭게 선택할 수 있다. 즉, 내가 선택한 규칙이 다른 사람에게도 강제되지 않고, 다른 사람이 선택한 규칙이 나에게 강제되지도 않는다. 서로 다른 규칙이 충돌하면 그 규칙들의 간극을 중재하는 기업이 나타난다. 자연적으로 질서가 꽃 피는 것이다.

생산 권한은 기업에게 달려있지만 심판은 소비자가 한다. 생산자가 소비자의 의지에 반하는 생산을 하면 바로 시장에서 퇴출되기 때문이다. 기업은 소비자에게 어떤 도덕적 의무를 강요할 수도 없다. 기업은 소비자가 원하는 것이 있다면 생산할 뿐이다. 소비자는 기업에게 자신들이 원하는 것을 최대한 효율적으로 자원을 분배하여 생산할 것을 명령하고 생산 권한을 위임하는 셈이다. 그 기업이 소비자가 원하는 것을 생산하지 않으면 어차피 다른 어떤 기업이 생산하여 거기서 챙길 수 있는 소비자의 표, 즉 이익을 가져갈 것이다.

만약 '소비'라는 투표 행위 자체에 반대한다면 오지에 있는 땅을 사서 문명을 떠나 자급자족하며 사는 것도 가능하다. 각자가 자신만의 방식으로 삶을 선택할 수 있는 것이다.

이 투표 시스템에서 표는 돈이다. 돈으로 투표를 한다는 것이 비인간적으로 느껴질지도 모르겠다. 그러나 돈으로 투표하는 것은 지극히 인간적인데, 그 투표권을 얻기 위해서는 먼저 다른 사람들이 원하는 것을 해줘서 그 표를 얻어야 하기 때문이다. 소비하려면 먼저 생산해야 한다. 이건 완전히 약탈 없는 시스템이고, 모든 인간 시간에 대한 존중이다.

이러한 이유들로 나는 이제 현대 민주주의에 대한 투표를 거부하지만, 동시에 매일 소비를 통해 투표하고 있다.

아고리즘이 자유주의 세상을 만드는 방법

이제 아고리즘의 전략을 살펴보자. 로스바드-호페의 질서 자유주의를 살펴본 뒤, 현대 민주주의의 투표에 대한 부당함을 살펴본 것이 뜬금 없는 이야기는 아니었는데, 아고리즘은 이러한 이유로 어떠한 투표도 거부하기 때문이다. 아고리즘의 창시자인 새뮤얼 콘킨 3세가 로스바드와 갈라선 것도 로스바드가 정치와 연대하는 전략적 행보를 보이면서부터였다.

아고리즘은 자유로운 세상을 만들기 위해 자유 시장인 아고라를 적극 활용할 것을 주장한다. 이들은 정부가 추적할 수 없는 자유로운 암시장을 확대해서 정부의 힘을 약화시키는 방법을 써야 한다고 주장한다. 이 암시장은 당연히 무기, 마약, 성매매 등을 포함한 시장을 말한다.

그래서 자유지상주의를 도래시키기 위한 이들의 전략은 정부가 추적할 수 없는 시장을 만들고, 하나의 병렬 경제(대항 경제)를 만들어 정부의 힘을 지속적으로 약화시키는 것이다. 이들은 납세 거부 운동, 투표 거부 운동을 장려하며 암시장과 암호 기술을 적극 활용한다. 참고로 사이퍼펑크 같은 기술 자유주의는 분류하자면 질서자유주의보다 아고리즘 쪽에 더 가깝다(로스 울브리히트의 실크로드를 생각해보자...!)

로스바드-호페의 질서자유주의와 콘킨의 아고리즘은 둘 다 자유지상주의의 실현을 목표로 하지만, 질서자유주의는 논리적으로 윤리적 정당성을 확보하고, 그러한 정당성을 바탕으로 자유지상주의를 실현시키기 위해 현실 세계에 이미 존재하는 제도들도 전략적으로 이용한다. 반면 콘킨의 아고리즘은 자유지상주의의 윤리적 정당성보다는 그걸 도래시키기 위한 전략들에 치중하며, 정치와 절대 타협하지 않고, 전략적으로 이용하려고도 하지 않는다. 목표는 같지만 서로 다른 방법을 취하는 것이다.

1980년 공개된 콘킨의 「신 자유주의자 선언」은 미제스와 로스바드, 르페브르에 대한 감사로 시작하지만, 1장에서 다음과 같은 문구도 나온다. (이것도 언제 다 번역해봐야겠다!)

"처음 나타난 반격은 ... 개혁주의—국가주의를—'개선'하겠다는 명분으로 국가의 직책을 받아들이는 것까지 포함한다!—이 모든 반反 원칙들에 대해서... 그중 가장 끔찍한 것은 '정당주의'인데, 이는 자유지상주의적 목적을 국가주의적 수단, 특히 정당을 통해 달성하려는 반反 개념이다. '자유지상주의' 정당은 국가가 이제 막 출현한 자유지상주의자들에게 퍼부은 두 번째 반격이었다. 처음에는 터무니 없는 모순으로, 그 다음에는 침략군으로 등장했다."

로스바드가 1992년 공화당 경선 후보였던 팻 뷰캐넌을 공개적으로 지지했을 때(이때 공화당 경선에서 뷰캐넌은 아버지 부시한테 졌고, 대선은 민주당 빌 클린턴 승리), 콘킨이 어떤 반응을 보였을지 상상해보자. 저런 선언문을 썼는데 말이다. 콘킨은 로스바드가 자유지상주의 원칙을 저버렸다면서 자신이 편집하는 잡지 『신 자유지상주의자』에서 로스바드의 행위를 "자유의 원칙을 포기한 행위"라고 비난했다.

반면 로스바드는 소수의 자유지상주의 지식인들만으로는 자유지상주의 사회를 건설할 수 없으므로 대중과 연합해야 한다고 주장했다. 팻 뷰캐넌 같은 인물을 통해 중산층이나 노동계층의 지지를 얻을 수 있고, 자유지상주의 목표를 달성할 수 있다고 했다. 이때 나온 전략이 자유주의적 경제 질서와 보수적 문화 질서를 결합한 '팔레오 자유지상주의'다. 로스바드는 아고리즘 세력에게 순수성만을 강조하며 현실 세계와 단절된 사람들은 무기력한 이상주의자들이라고 반박하며, 자신은 국가주의를 지지하는 게 아니라 그 세력 안에 있는 반국가적 잠재력을 이끌어내는 것이라고 했다.

그림 2. 아고리즘의 깃발

질서자유주의와 아고리즘의 공동체적 배제에 관한 입장 차이

콘킨의 아고리즘과 로스바드-호페 라인의 질서자유주의의 차이는 정치 같은 기존 제도들을 전략적으로 이용할 수 있는지뿐만 아니라 공동체적 배제에 관한 입장에서도 약간 갈라진다.

자유주의에서는 자유로운 수용과 자유로운 '배제'도 보장되어야 한다. 즉, 예를 들어 어떤 사람이 장사를 하는데 동성애자나 흑인이나 채식주의자를 직원이나 손님으로 받지 않는 것도 장사하는 사람의 자유로운 배제 권리라는 것이다. 자신의 사유지에 어떤 사람을 들일지, 들이지 않을지는 전적으로 소유자의 몫이다. 그리고 여기서 배제는 당연히 폭력으로 이어지지 않는 선에서의 자유로운 배제다.

이러한 배제가 한 공동체 전체로 퍼졌다고 해보자. 지금은 동성애자에 대한 예시만 들겠다(필자는 동성애에 대해 부정적 감정이 전혀 없으니 동성애자 분들은 오해 마시길). 만약 한 지역 소유자 공동체 전체가 동성애자에 대한 배제를 주장한다면 당연히 동성애자는 그 공동체에 들어갈 수가 없다.

여기서 이를 다루는 뉘앙스가 약간 다른데, 호페는 이를 자유로운 계약에 의한 공동체적 질서의 탄생이라 보며 긍정적으로 본다. 물론 절대로 이러한 배제가 폭력으로 이어져서는 안 된다. 폭력으로 이어지면 비침해성 공리 위반이므로 정당성이 없다.

아고리즘은 개인들의 자발적인 배제는 자유지만, 이것이 공동체적 배제로 발전하고 구조적 차별이나 집단적 억압으로 발전하는 건 국가의 또 다른 형태일 뿐이라 생각하여 이를 경계한다. 그래서 개인 차원의 자율적 배제는 정당하지만, 공동체 차원의 배제는 경계한다. 그렇다고 이걸 없애야 한다 이런 건 아니다(개인들의 자유로운 배제가 공동체 배제로도 이어질 수 있는 것이므로). 콘킨은 공동체적 배제가 탄생할 수 있지만 그것이 비합리적인 배제라면 대안 시장이 탄생할 것으로 본다. 동성애자들을 위한 시장과 마을이 생길 것이고, 비합리적인 배제는 이러한 고객들을 놓친 것에 대한 손실로 이어질 것이라고 본다. 즉, 모든 개인이 자유 시장 아고라에서 자발적으로 교환할 권리를 가져야 하며, 차별적인 배제들은 시장 안에서 경쟁할 수 있을 거라 본다. 만약 대안 시장이 없는 상황에서 모두가 배제한다면 이는 실질적 강제처럼 작동할 수 있기 때문이다.

자유지상주의 안에서 콘킨의 아고리즘은 차별이나 수용을 대하는 태도에서 좀 더 좌파적인 것처럼 보인다. 실제로 콘킨의 「신 자유주의자 선언」에 등장하는 용어들도 약간 그러한 뉘앙스가 있다. 콘킨은 전통적인 좌파 단어들을 전략적으로 차용했다. 예를 들면 혁명, 착취, 해방운동, 불복종, 저항, 암시장, 아나키즘 등의 단어다. 당연히 전통적인 좌파 단어의 뜻과는 완전히 다르다. 혁명은 아고라를 통한 "비정치적" 자유주의 혁명을 의미하며, 착취는 마르크스의 자본가가 노동자를 착취한다고 했던 그 착취가 아니라, 국가주의와 결탁한 크로니 자본주의자들의 제도적 진입장벽을 만들고, 캉티용 효과의 수혜를 누리는 그러한 오염된 자본주의자들이 하는 것을 착취라고 했다(아고리즘은 국가에 의존하지 않는 기업가와 국가로부터 특혜를 받는 착취적 기업가를 구분한다. 선언문 참고).

정리하자! 로스바드-호페의 질서 자유주의와 콘킨의 아고리즘의 차이점은 다음과 같다.

로스바드-호페의 질서 자유주의는 정치 등을 전략적으로 이용하는 것을 허용한다. 로스바드는 공화당 경선 후보를 공개적으로 지지하여 우파 사람들로부터 자유지상주의에 대한 관심을 끌려고 했고, 호페는 전국단위의 투표나 정당 활동은 거부해도 지역 단위의 투표는 승리 가능성에 따라 조건부로 허용한다. 반면 아고리즘은 어떠한 정치 활동도 거부하며 오직 국가의 통제로부터 동떨어진 자유로운 시장에 의한 혁명을 추구한다.

얼마 전에 있었던 비트코이너들이 보수 우파 스페이스에 들어가서 비트코인에 대해 전파하는 걸 상상해보면 쉽다. 우파 국가주의자들은 국가 시스템에 의한 문제 해결을 강력한 지도자가 등장해 모든 것을 해결해줘야 한다는 잘못된 방법론에 빠져있는 경우가 많은데(문제를 더 큰 문제로 해결하려는 셈...), 누군가는 이걸 보고 저런 사람들과 협력하면 안 된다고 할 것이고, 누군가는 비트코인과 자유주의를 전파하기 위해 그래도 가능성이 높은 이들 사회에 섞여들어가 이야기도 하고, 전파도 하려고 할 것이기 때문이다.

또한 한 가지 차이점은 질서 자유주의와 아고리즘 모두 공동체적 배제는 인정하나, 질서 자유주의는 이를 자유로운 계약에 의해 등장한 공동체적 질서로 보고, 아고리즘은 공동체적 배제가 집단적 억압으로 발전할 것을 경계한다. 아고리즘에서는 비합리적 차별에 의한 배제는 대안 시장이 생겨 극복될 수 있다고 본다.

자유주의 세상을 만들기 위해서는 어떻게 해야 하는가

이제 무엇이 옳은지 스스로 판단해보자. 지금부터는 개인적인 생각이 매우 많이 들어가있으므로 주의하라.

콘킨의 아고리즘은 암시장의 확대를 노려 정부 권한을 약화시키려 하지만 이는 대중의 지지를 얻기 어렵다. 또한, 이러한 병렬 경제는 한 곳에 집중되기 어렵고 넓고 약하게 퍼져있을 수밖에 없다.

로스바드-호페의 질서자유주의는 현실에 이미 존재하는 제도들을 전략적으로 활용한다. 현실적으로 대중의 지지를 얻을 가능성이 있고, 한 지역에 자유주의자들이 집중되면 적어도 그 지역에서는 지역 투표를 통해 위로부터의 전환이 가능하다. 하나의 자유지상주의적인 지역이 좋은 모범이 되면 다른 지역도 채택할 가능성이 커진다.

어떤 전략을 택해야 하는가? 나는 자유지상주의가 도래하게 하기 위해서는 두 전략 다 써야 한다고 생각한다. 질서자유주의자들의 주장대로 대중의 지지 없이는 자유지상주의가 도래하게 할 수 없다. 대한민국에 있는 "진짜" 비트코이너+자유지상주의자들이 대략 몇 명쯤 될까? 높게 잡아 1,000명 정도 된다고 해보자. 이들 전부가 특정 지역에 모인다고 해도 자유지상주의 질서를 건립할 수는 없다. 찾아보니 대한민국에서 인구가 가장 적은 시가 충남 계룡시라고 한다. 여기 인구는 약 4만3천 명인데, 여기에 51% 공격을 가하려고 해도 적어도 4만 명이 필요하다는 뜻이다. 따라서 아고리스트들처럼 대중의 지지를 얻기 위한 전략을 완고하게 거부하다간 어떠한 힘도 얻지 못하고 선민 의식에만 갇힐 수 있다.

반면 아고리스트들의 주장대로 병렬 경제도 필요하다. 잘 세뇌된 대중은 폭력 집단의 강탈이 있어야만 사회가 유지될 수 있다는 환상에 사로잡혀있다. 병렬 경제는 이러한 환상을 깨뜨릴 좋은 수단이다. 정부 추적이나 제3자 없이 부의 보존이 가능하고, 당사자끼리의 직접 결제가 가능하다는 것을 사람들이 경험하면 생각이 크게 바뀔 것이다. 비트코인으로 결제를 해본 사람과 한 번도 해본 적 없는 사람은 이런 자유지상주의 세상에 대한 이해의 폭이 다를 수밖에 없다. 또한, 비트코인은 개인들에게 큰 힘이 되는데 국가 시스템의 폭력으로부터 개인들이 생산 가치를 지킬 수 있는 강력한 방패이자 동시에 무기가 되기 때문이다.

그러나 아고리즘의 주장인 병렬 경제 중 특히 암시장 전략—국가의 통제가 미치지 않는 무기, 마약, 성매매 등을 확장하는 것—에는 동의하지 않는다. 당연히 자유지상주의자인 나는 총기나 마약, 성매매 등도 자발적인 계약에 의해 시장에서 더 건전하게 다뤄질 수 있다고 생각한다. 지금처럼 불법화되어있는 사회와 다르게 자유시장에서는 마약의 순도나 안정성에 대해 인증해주는 기관, 의사들도 등장할 것이고, 성매매도 비슷한 방식으로 질서화될 수 있다고 생각한다. 혹은 이러한 시장은 시간 선호를 지나치게 높이고 전통적인 가족 질서를 해칠 수 있으므로 공동체적 배제가 일어날 수도 있다. 무기, 마약, 성매매는 일반 대중들이 생각하는 '질서'와는 거리가 있다. 우리는 더 많은 사람들을 끌어들여야 하는데 이는 처음에 일단 거부감을 일으킬 수 있다.

따라서 자극적인 암시장보다는 사람들의 반감이 없는 상품들을 먼저 비트코인으로 거래하고, 국가가 추적하지 못하게 함으로써 납세 거부의 물결이 퍼지게 해야 한다. 동시에 더 많은 사람들에게 자유주의를 전파해야 한다. 더 많은 개인과 비트코인을 통한 병렬 경제라는 두 가지 무기가 함께 생겨야 지역 단위에서의 자유주의 세상을 만들 수 있을 것이다. 먼저 자유주의를 많은 사람들에게 전파해야 한다. 이 과정에서 좌파, 맑시즘, 케인지언들보다는 상대적으로 자유에 대한 이해가 좀 더 있는 집단인 우파 국가주의자들이나 기독교적 종교관을 가진 사람들 속에 섞여 들어가 거기서 전파를 할 수도 있다. 이러한 과정을 통해 자유주의자들이 많아지고, 한 지역에 모여야 한다. 비트코인이라는 무기를 가진 개인들이 한 지역에 모여 자유로운 시장을 형성하면, 호페가 말했던 것처럼 그 지역에서의 투표를 통해 작은 자유지상주의 세상을 만들 수 있다.

그림 3. 자유주의 세상을 만들기 위해서는 두 전략을 적절히 함께 써야 한다.

@ 5627e59c:d484729e

Spontaniteit\ Creativiteit

Iets visueel of gewoon geluid\ Het moet eruit

Ik doe mezelf cadeau aan jou\ Omdat ik van het leven hou

@ 5627e59c:d484729e

Veroorzaakt door de wereld rond mij\ Vormen de wereld in mij

Verwaarloosd door de wereld rond mij\ Overgelaten aan mij

Een groene brug komt uit mij\ Verbindt mij met wij\ En laat ons samen vrij

@ 56e3acda:234e8a3a

In the town of Brimstone, the sounds of grunting fill the empty Stygian Theater. An age-old battle is taking place between the actress Syd and her archenemy: a zipper. She struggles to get the corset-style vest, adorned with multiple single-board computers, to fully close. The zipper holds its ground, unwavering against the “light creamy mountains” in its path. The closer it gets, the higher the mountains rise, making its journey nearly impossible. However, that’s how the costume is designed—to accentuate and enhance Syd’s already large breasts. Great for ratings, horrible for getting ready on time for filming.

"This costume needs a redesign!"

Syd takes a deep breath. She swells her chest, exhales sharply, and yanks the zipper up as fast as she can. It finally clears the hurdle.

“There!”

Two single-board computers that nestle on the chest of the costume spring off, crashing into a collection of books in front of her. Syd shrugs, grabbing the vivid purple wig that has miraculously survived the chaos. She throws it on, tucking away her brunette hair, and completes her transformation into Nerissa, Courtesan of the Uranet and host of Nerissa's Caustic Cinema.

She checks her smartwatch: 1:15 PM. Today’s shoot was supposed to begin at 1.

“Not like Jules to be running late, Guess I’ll do some research.”

She pulls out her phone and opens an old issue of her favorite zine, Dreadistary. The zine focuses on monster sightings in a certain town in the Pacific Northwest, but Syd isn’t interested in those. The real meat for her is the horror movie reviews that fill the rest of the zine. They are a goldmine for finding new movies for the show. Unfortunately, there hasn’t been a new issue in over a year.

Syd’s eyes widen as she spots the golden phrase she is looking for:public domain.

“Wait! Bloodfalls Massacre is in the public domain!?”

She grabs the nearest notebook, her pen dances across the page as she jots down the information. The director’s daughter has convinced her dad to put the film in the public domain, sticking it to the production company that has weaseled the rights to Bloodfalls Massacre 2–5 from him. They have even rebooted the franchise, starting with a loose remake of 2, modifying the characters enough to be unshackled by his vision. Syd shakes her head, a smirk playing on her lips.

“Jules and Lou are going to love this!”

The door swings open, startling Syd. She looks up to see Jules standing in the doorway, a stack of papers in hand. Jules has waist-length, damaged black hair that frames her ivory skin, and her loose white vest and shorts reveal faint blue veins that match her piercing eyes. Syd wears a warm smile as she greets her.

“Hey, Jules.”

Jules drops the stack of papers in front of Syd.

“Views are dropping massively. We can barely afford food for the next month.”

She flops onto the floor behind Syd, her body curling into an ‘n’ shape. Syd flips through the stack of papers, her initial skepticism fading as she sees the numbers. The viewership data, spanning from the first episode’s launch in October last year to July 2025, shows a gut-wrenching decline. Thankfully, their reliance on public domain horror movies has stretched their food budget as far as it can go. Jules arches her back dramatically, letting out a scream of agony.

“Enough of this public domain schlock! We need horror with a bite! Something to help punch up our jokes! Anything fulfilling!”

Syd turns to look at her friend, her heart breaks at the sight of Jules’ despair. 

“If we can barely afford food, we can’t afford the rights to any film we please.”

“We could provide clout instead of money.”

The moment the word clout leaves her lips, Jules seems to regret it. The shine in her eyes vanishes, replaced by a hollow look. Syd returns to the stack of papers, hoping to find something—anything—that can help. Her eyes land on a proposal from Degrade, a newly formed TV station that is shaking up the industry. Skimming through the offer, she sees that they want the license for the show, with some on-brand integrations, in exchange for a massive upfront payment and fewer censored edits.

“You thinking of taking the Degrade offer?”

Jules covers her eyes with her hair before loudly voicing her disapproval.

“Please! I’ll never sell out to those crypto dorks.”

“It is a good offer, though.”

“You’ll regret the money when they have you dress up in tighter outfits for NFT photo-shoots.”

Syd’s nose wrinkles, and she recoils as if she’d just smelled something foul. The sight of her disgust sends Jules into a fit of laughter. She pulls more of her hair over her eyes before continuing.

“I kinda was considering it. Caustic Cinema got us control of the Stygian, the life we have in Brimstone. Didn’t want to toss away the money. But I know we’d both hate it too much.”

“Lou might enjoy it."

“That soulless puppy.”

Jules retreats into a fetal position and cutting the conversation short.

Syd adjusts her outfit, trying to make her breasts more comfortable. The movement reminds her that they are supposed to be filming now.

“No filming today?”

“Too depressed,”

Jules flips over to face Syd. A single blue eye peers out from behind her hair, searching for hope in Syd’s next words.

“Unless you found a more recent film?”

Syd hands Jules her notebook.

“Bloodfalls Massacre! That’s in the public domain?!”

Jules hops up to double-check the notes.

“Only the first one,”

“80s, in color, dumb teenagers, predatory adults, a decent amount of kills. Is that the one with an abundance of nudity?”

The franchise plays in Syd’s head as she tries to figure out which one Jules is thinking of. These types of cheesy movies are more her field of expertise than the social horror Jules prefers. After a moment, it clicks.

“That’s Bloodfalls Massacre 4: Valley Fest.”

“So not much to edit around. Not the bite I’m looking for, but…”

Jules trails off, her eyes scanning the notes Syd has written from the Dreadistary article. A small smile creeps onto her face.

“This revelation is prime for material!”

Syd feels a wave of relief. For a moment, she has managed to ease Jules’ worries. Jules pops up from reading, her energy renewed.

“Wait, do we have a copy of Bloodfalls Massacre?”

“Pretty sure I do. Give me a sec to clean up, then I’ll check,”

Syd bends down to gather the scattered papers. As she tries to tidy the mess, her eyes catch some scribbles on the back of the stack. She recognizes Lou’s messy handwriting.

“Did you look at the back of this? Lou left a note.”

We found a bunch of old PC towers. They’re in the building behind the theater. Maybe something you and Syd can salvage for the show?

Jules turns her attention back to the notebook, pulling a pen from her hair and starting to write. Syd gathers the last few scattered books and packs them up neatly. She hops up from the desk, curious about what movies they might find in the PCs. As she leaves, she notices Jules hasn’t budged.

“You’re not coming?”

Jules looks up at her, confusion etched on her face.

“You think the old execs who bummed around here really kept film backups? All you’ll probably find is weird fetish shit!”

“Wouldn’t hurt to check it out,”

Jules shakes her head, returning to her writing. Realizing Jules isn’t going to join her, Syd decides to kill two birds with one stone. She grabs the set of keys from her desk and tosses them at Jules. The jingling of the keys alerts Jules, and she catches them without fail.

“Fine, I’ll go check if there’s something salvageable while you check if I own Bloodfalls Massacre,”

Jules sways her head in approval, finally moving from the floor. They split up, Jules heads through the front of the theater while Syd goes out through one of the old doors marked “Exit.” Deep down, Syd knows Jules is probably right, but the thought of finding undiscovered movies is too irresistible to ignore.

The afternoon sun assaults Syd as soon as she steps outside. Blinking through the brightness, she sees the building is not far from the theater. She quickly jogs over, hoping to avoid the sweat that is already pooling in her suit—another con of the costume: it can't handle the summer heat.

The stench of stale plastic hangs heavy in the air, almost choking Syd as she opens the building door. Inside, sickly yellow PC towers lie scattered across the floor, their tangled wires and dusty casings creating a chilling atmosphere that makes Syd feel uneasy. She hesitates for a moment, feeling the sweat slide down her back, before stepping inside.

Closing the door to keep the heat out, Syd is left in total darkness. She mutters in dissatisfaction as she fumbles along the wall, searching for the light switch. When she finally flips it, only a few bulbs flicker to life, their dim glow barely illuminating the room. Syd’s face goes blank as she watches the bulbs struggle to stay on.

“They couldn’t fix the lights in the building?”

She walks along the makeshift path that has already been cleared, gently kicking aside PCs to give herself more room. The sheer number of them is impressive—stacks of towers form small mounds, their dislodged panels spilling out old wires like entrails. It feels less like a storage room and more like a decrepit technology graveyard.

“This is definitely more than just studio execs’ PCs,”

Syd ducks under a pile that had tipped over and joined with an adjacent stack to form a makeshift arch.

“Probably editors’ and VFX workstations!”

Her mounting excitement gets the better of her when she slips on a loose wire and crashes into a pile of PCs. A wet, congealed substance clings to her arm, and she recoils, whipping the grime off with a grimace. She double-clicks the crown of her watch to activate its flashlight mode, the dim light illuminating a few feet in front of her. It isn’t much, but it will save her from another grime attack.

The path opens up into a more spacious area where the piles of PCs are smaller and scattered. Syd pauses, realizing she doesn’t know what to look for. Obviously, the ones with wires sticking out are no good, but any of the others could be viable. She walks past a small makeshift circle of four PCs surrounding a tower in the center, deliberately ignoring it—until the light reflects something that makes her eyes sparkle.

It isn’t as yellowed as the surrounding PCs, but that isn’t what catches her attention. It is the fading stickers from the popular 80s horror series Pumpkin Patch that make her feel like she’s found a winner. She leaps toward it, kicking over two of the surrounding PCs to make room for her prize. Syd grabs the tower, only to have it slip out of her hands, leaving a slimy residue on her palms. She retches, trying her best not to add to the sickly shroud that already surrounds her. Shaking it off, she takes a deep breath and picks up the PC again. This time, the cooling touch of metal and plastic eases her discomfort. 

It isn’t long before she notices a blue light focused on her watch. Its deep hue completely washes over the dim white light, snaking up her arm and stopping to focus on the single-board computer on her hip. Syd’s blood runs cold as she frantically searches for the source of the light. Her heart races until she spots it near the back exit of the room, almost hidden behind a completely destroyed PC. 

It is different from the others—or what you’d expect a PC to look like. The classic rectangular silhouette is nowhere to be seen. Instead, it is cylindrical, more compact, standing like an ominous shrine of the future amidst the decaying past. The blue light intensifies, illuminating not only Syd but the entire room. A single thought runs through her mind as she shields her eyes from the intense glow:

Why is this one still plugged in?

Opening her eyes, Syd sees that the blue light has stopped. Not only that, but the room is now fully lit as the struggling bulbs have finally started to work. She gets a better look at the strange PC. It no longer has the ominous aura it has before. Instead, it looks like a prop from a science fiction movie, its chrome case warmed by a faint red light that makes it seem almost harmless in the corner of the room.

Syd hesitates for a moment. The strange PC looks like a better treasure trove than the one in her hand, but the memory of the blue light sends shivers down her spine. She decides to leave it alone. Turning quickly, she prepares to leave the storage room. She walks a little more carelessly now that she can see further ahead, but an uneasy feeling begins to swell inside her.

Not only does she feel like she is missing something, but there is an irritating pain in her right hand—a warm, burning sensation that seems to engulf it. She puts down the PC to check for any cuts where grime might seep in, but there are none. As she rubs her hand, she glances at the mess in front of her and the entrance. It is only when she sees the wired entrails of the PCs scattered everywhere that it dawns on her.

Syd turns around and looks back at the chrome PC nestled alone in the corner.

“Wasn’t it behind a broken tower?”

Immediately, something grabs her left hand. She turns to see a hand made of wires, its cold, metallic grip tightening around her wrist. She stares in bewilderment as a force pushes the maze of PCs against the entrance, barricading it. The tremendous force causes one of the three lights to go out. Shards from the towers fly toward the hand, coiling together to complete its humanoid form. Discarded side panels mold together, forming a trench coat around the figure. 

Syd tries to free herself from the figure’s grasp, but the wires are entangled with her watch. The figure flicks its finger, signaling a PC to hurl itself directly at her. The impact knocks the wind out of her, sending her flying free of the humanoid’s grip. She lands a few feet away as the PC continues its trajectory, crashing into the wall with a loud thud. The impact knocks out the second light, leaving only part of the storage room lit. 

Numerous white and red composite ports rush into the figure’s empty sockets, forming eyes—eyes that stare directly at Syd as she writhes in pain. She struggles to catch her breath, panic flooding her body as the dim light makes it harder to see the figure. 

The figure walks slowly toward her, each clatter of its footsteps instilling fear. It holds out its hands, signaling shards of RAM to cobble together into a serrated knife. A harsh voice, lost in digital noise, escapes from the figure:

“We were supposed to rule Hollywood together.”

Syd freezes, her mind racing to make sense of the words. Then, with a surge of adrenaline, she bolts for the back exit next to the strange PC. She only gets a few steps in before wires trip her, sending her crashing to the ground face-first. Stars obscure her vision until the sight of the figure’s mangled face causes them to scatter. 

A horrible smile appears on its wire-filled face. Grime pools between the haphazardly placed USB ports, forming teeth that it wipes away in excitement. It rips one of the single-board computers from Syd’s costume and gently slides it into its chest. The figure quivers as its frame seems to bulk up from the action.

"But then you ran to the first director who looked in your direction."

The figure begins to slide the knife up Syd’s costume, the sound of fabric tearing echoing through the storage room. Syd tries to fight back, but she is helpless, pinned down by the figure. Her left arm is outstretched, held in place by the wires entangled with her watch, while her legs are bound together, preventing her from kicking. She frantically looks around for something to use as a weapon, but her blood runs cold when she sees her right hand. It has become a wild jumble of pixels, the burning pain now subsides.

“Not a…”

A sharp nick cuts off her words as the blade slices her chest. The figure uses extra force when the knife reaches Syd’s chest, the dullness of the RAM blade struggling to cut through the extra padding. Blood flows from the shallow cut as Syd begins to lose hope. Scenes from her life flash before her: meeting Jules when they are nine, Jules begging her to star in a middle school film, her mom and Jules comforting her as she watches her favorite movie at sixteen. Tears well up in her eyes as she thinks this might be the end.

The faint sound of banging stops Syd’s tears instantly. She concentrates on the noise, trying to pinpoint its source. With each bang, it grows louder and louder until she realizes it is coming from the entrance of the building.

It must be Jules and Lou!

The thought gives Syd a glimmer of hope. Now, all she has to do is survive long enough for backup to arrive. But when she sees the knife pointed directly at her chest, she knows she has no chance.

Unless…

She looks at her right hand again, staring hard to find something that resembles her finger. When she spots it, she concentrates on trying to move it. The figure reels back the knife as Syd desperately wills her finger to twitch. Suddenly, she sees it move. She lets out a gasp as the figure prepares to stab her.

“In the end, you’re not cut out for the business,”

It drives the knife down, but Syd grabs its hand just before the blade can plunge into her chest. The figure is taken aback by her strength and struggles to complete its action. Using all her might, Syd pushes the knife further and further away. Her breath becomes ragged as the banging grows louder and louder.

Just a bit more…

That is all she can think about as she holds the figure back. Visibly enraged, the figure roars as wires protrude from its chest. The shrill squeal shatters Syd’s eardrums, but she continues to hold it back. The wires rip off the last of the single-board computers, dragging them back to the humanoid. Its eyes roll back as it quivers, bulking up again with newfound strength. The figure overwhelms Syd, but by then, it is too late.

A thunderous boom shakes the entire storage room, extinguishing the last of the light. PCs rain down, freed from the barricade they have formed. The clattering noise pulls the figure’s attention away from Syd. In the midst of the chaos, drenched in sunlight, a figure enters the storage room.

The humanoid leaps away from Syd, ready to fight whoever has interrupted its killing. Clutching the fragments of her costume, Syd’s hope is replaced by confusion. The silhouette is much larger than Jules and wields what appears to be a massive hammer. Syd knows nothing like that exists in Brimstone.

“Man, that’s one nasty virus,”

A gruff voice bellows from the silhouette who is revealed to be a woman. As the woman steps into the light, her appearance becomes clear. She is incredibly muscular, looking like a hero straight out of a comic book. Her piercing deep blue eyes and shining blonde hair give her an almost otherworldly presence. She lowers her hammer, revealing that it is almost as large as she is. The woman notices Syd and flashes a bright white smile.

“Don’t worry! I’ll kill it in a heartbeat!”

The words are lost on Syd against the ringing in her ears, but the woman’s thumbs-up reassures her that help has indeed arrived. Stunned by the size of the hammer, the figure signals for more broken RAM to raise its knife to match. In an instant, it lunges at the woman, attempting to slice off her head. Effortlessly, the woman spins the hammer and blocks the attack. Her warm smile turns to a playful grin as the figure’s eyes bulge in confusion.

“You’re pretty strong for an anomaly,”

The figure jumps back, crouching like an animal backed into a corner. Wires rip through its trench coat, searching for any PCs that are still intact. It hurls five of them at the woman, waiting a beat before charging at her. The woman spins the hammer, shattering each of the PCs as they approach. 

After the beat, the figure absorbs the shattered PCs, growing larger in mass. It prepares its knife, now in the shape of a machete, to attack the woman. Unexpectedly, the woman lunges at the figure, swinging the hammer down and completely destroying not only the machete but the figure’s arm as well. A horrible shriek comes from the figure as it slowly backs away from the woman.

Grime falls from the figure’s face as fear begins to grip it. It looks around, desperate for something to use, but there are no PCs left. Trembling, it believes it is out of options—until its eyes land on Syd, frozen in awe. She has been holding her torn costume together with her left hand, her smartwatch now fully exposed. 

The figure grimaces at the thought of using her watch as a last resort. It is a treat to savor after killing Syd, but it is the only way to ensure its survival. It sends most of the newly absorbed wires to its legs, its mass tripling as it prepares to pounce on Syd in one fell swoop. 

Unfortunately for it, the woman sees what it is about to do.

“Oh no, you don’t!”

The woman twists the handle of her hammer, causing the head to glow with a fierce light. She charges at full speed, twisting her body for the final attack. With a mighty swing, she brings the hammer down on the figure, crushing it completely. The impact shakes the ground, drowning out the figure’s shriek.

The woman smiles with satisfaction as she slings the hammer over her shoulder. She glances around the storage room, her eyes lighting up when she notices the chrome PC, untouched by the chaos. She turns to Syd.

“Look, you—”

She starts, then gasps. She hasn’t gotten a good look at Syd before, but now she does. Shaking her head, she approaches Syd, who is still sitting on the floor, clutching her torn costume.

“Wait, are you Nerissa from Caustic Cinema?!”

The woman asks trying hold back her excitement. Syd’s eyes widen in shock.

“Y. Yes,”

The woman’s eyes light up even more.

“I’m a huge fan! Can I get an autograph?”

Still stunned by the fact that her savior is also a fan, Syd breathes a sigh of relief. At least there is a way to repay her.

“Do you have a pen?”

The woman scrambles around, pulling a notebook and pen from her back pocket. Syd reaches for the pen but freezes halfway. Her right hand is back to normal. She stares at it in confusion, slowly turning it to make sure it is really healed. She realizes she’s been staring too long when the woman gives her a questioning look. Syd smiles sheepishly before grabbing the pen to sign the notebook.

Thanks for saving me. From Nerissa.

She pauses, realizing she doesn’t know who to make it out to. Then she remembers hearing the word “virus” over the ringing earlier.

“Should I make it out to Virus Buster?”

The woman’s eyes light up even more.

“YES!”

Syd finishes the autograph, and the woman holds the notebook as if it is a golden treasure. Then, as if remembering something, the woman leans closer to Syd’s ear and whispers,

“Hey, I know it’s the backdrop of the show, but you really shouldn’t mess with Uranet servers. Nothing but trouble.”

The revelation hits Syd like a tidal wave, leaving her speechless. The woman leaves the storage room, still admiring the autograph. She did a little jump, unable to contain her excitement.

“Best job ever!”

The roar of a motorcycle fades into the distance as a desperate scream echoes through the storage room.

“Syd!”

Jules bursts into the room, her face pale with worry. Right behind her is Lou, who stops in confusion as the sound of the motorcycle disappears.

“What the hell is Stars and Stripe doing here?”

“Shut up, Lou! And help me with Syd!”

She circles Syd, checking her for injuries. The sight of the blood and the marks from the wires drains what little color Jules has left. What worries her most is how unresponsive Syd is. She hasn’t even noticed Jules, despite her frantic circling. Jules tries to see what Syd is staring at, but there is nothing unusual among the scattered computer parts. 

Suddenly, Syd grabs Jules, causing her to jump. Syd’s grip is uncharacteristically strong, and Jules can see her skin beginning to bruise. The warm, familiar look in Syd’s eyes is gone, replaced by a distant, calculating gaze. Jules worries that Syd has been traumatized by what happened, but it is the opposite. Syd’s mind is racing, trying to process the discovery and the concerns Jules has expressed earlier. 

A mad smile spreads across Syd’s face as she reaches a conclusion. Jules’ unease grows until she hears a stunned gasp from Lou.

“Holy!”

Jules looks at him, confused, until she follows his gaze back to Syd. Her eyes widen as she realizes why Lou has gasped. Syd has used both hands to hold Jules in place, leaving nothing to hold her costume together. Her supple breasts are exposed, their warm vanilla hue glowing in the dim light of the storage room. Even the slightest movements - like Jules turning - cause them to bounce gently. Totally distracting Lou.

Jules' face turns red with a mixture of embarrassment and anger. She can't believe he is more focused on gawking than checking if Syd is okay. Just as she is about to yell at him, Syd pulls her closer and locks eyes with her. The warmth Jules remembers from Syd's eyes and smile is back, easing her worries.

“I know how to save the show!”

@ 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.

@ 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

@ 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.

@ cae03c48:2a7d6671

Bitcoin Magazine

The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch

American Bitcoin Corp (ABTC), a newly formed private Bitcoin mining company backed by Eric Trump and Donald Trump Jr., announced in a June 10 SEC filing that it has acquired 215 Bitcoin (BTC) since launching operations on April 1, 2025. The reserve is currently valued at approximately $23 million, showing their drive and commitment to Bitcoin. 

JUST IN: American Bitcoin Corp (private) reports to have 215 #bitcoin (per 31 May) since it's launch on April 1, 2025.

They will merge with Gryphon Digital $GRYP and become public under ticker $ABTC.

They mention "Bitcoin accumulation is not a side effect of ABTC’s business.… pic.twitter.com/wq1Uxr76Z2

— NLNico (@btcNLNico) June 10, 2025

“Bitcoin accumulation is not a side effect of ABTC’s business. It is the business,” the company stated in the filing.

Furthermore, ABTC has entered into a merger agreement with Gryphon Digital Mining ($GRYP), and the combined company is expected to begin public trading under the ticker $ABTC as early as Q3 2025. 

The company’s three-layer strategic plan—outlined in the SEC disclosure—details a focused approach:

Layer 1: Build the Engine

• ABTC’s foundation is built on “producing Bitcoin below-market cost through a capital efficient, infrastructure-light operating model.” The company owns and operates over 60,000 miners from Bitmain and MicroBt, running primarily on Hut 8-managed facilities.

Layer 2: Scale the Reserve

• ABTC had “accumulated approximately 215 Bitcoin in reserve since launching on April 1, 2025,” which it considers a long-term strategic asset. The firm states its goal is “to utilize public markets and strategic financing structures to access efficient capital and leverage that capital to increase its Bitcoin in reserve per share.”

Layer 3: Lead the Ecosystem 

• The company ultimately aims to use its operational scale and mining position to drive industry-wide adoption. “ABTC may pursue opportunities to support protocol development, enhance network infrastructure and contribute to Bitcoin’s resilience and adoption in ways that align with shareholder value creation.”

For mining rewards, ABTC uses Foundry and Luxor pools with sub-1% fees and relies on Coinbase Custody for secure cold storage, featuring multi-factor authentication and strict withdrawal protocols. 

With operations across Niagara Falls, NY; Medicine Hat, AB; and Orla, TX, ABTC is leveraging strategic partnerships—primarily with Hut 8—to scale its Bitcoin holdings while influencing the broader crypto mining ecosystem.

This post The Trump’s American Bitcoin Merges with Gryphon, Reports 215 BTC on Balance Sheet Since Launch first appeared on Bitcoin Magazine and is written by Jenna Montgomery.

@ 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.

@ 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.

@ 5627e59c:d484729e

My life is my way Home\ My death is my arrival

I can't wait to be Home\ And so I love life

I can't wait to be Home\ And so I want to live to the fullest

For there are no shortcuts

Many people die\ And never make it Home

They will have to wait\ For another chance to die

Another chance to live fully\ And die totally

I'm so thankful to be alive\ I'm on my way Home

I'm so thankful to be alive\ To have another chance to die

Every day I take a step\ In the direction of my death\ I do not postpone it

Every day I take a step\ In the direction of my truth\ I do not avoid it

It is who I am, always have been\ And always will be

It lies beyond that door\ That keeps everything in check

Where only can go through\ Which is forever true

@ 5627e59c:d484729e

Love, I thank you for your warmth\ Ever lifting

You keep me charmed\ Ever drifting

May I be me\ And you be you

In a perfect harmony\ Embracing all life makes us grow through

@ 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.

@ c9badfea:610f861a

1. Install Food You (it's free and open source)
2. Launch the app and tap the ⚙️ icon
3. Tap Meals and set up your meal schedule (these items will appear on the main screen)
4. Go back and then tap Calorie Goal to configure your daily intake goal
5. Return to the main screen
6. Now you can tap + on a card (e.g. Breakfast) to add a meal
7. Tap + and select Product
8. You can now fill in the details manually
   • Or tap Download Product, paste the URL of the product from OpenFoodFacts (e.g. https://world.openfoodfacts.org/product/6111242101180/lait-entier-uht-jaouda), and then tap Download
9. Tap Create
10. You can now adjust intake details like servings
11. Tap Save
12. Add more products and recipes and start tracking your nutrition!

ℹ️ Once you have created enough products, you can tap + on a meal card on the main screen, then tap + and select Recipe to create recipes from products

ℹ️ Internet connection is only used to optionally fetch product details via URLs; otherwise, the app works completely offline

@ 79be667e:16f81798

Kan jij zien, er is geen hemel\ Probeer het zelf, dan lukt het wel\ Geen hel staat ons te wachten\ Enkel sterren hangen ons boven het hoofd\ Kan jij zien, iedereen leeft voor dit moment

Kan jij zien, er zijn geen landen\ Het is niet moeilijk gewoon land te zien\ Niets om voor te moorden of te sterven\ Ook geloof wordt niet gezien\ Kan jij zien, het leven wordt geleefd door iedereen in vrede

Misschien zeg je, ik kijk niet naar jouw wereld\ Maar ik deel dit zicht met velen\ Moge ook jij zoals ons zien\ Wij kijken in de wereld en zien gewoon onszelf

Kan jij zien, er is geen bezit\ Ik vraag me af of jij dit kan\ Geen hebben of een nood\ In een samen-leving van mensen\ Kan jij zien, wij delen de wereld met elkaar

Misschien zeg je, ik kijk niet naar jouw wereld\ Maar ik deel dit zicht met velen\ Moge ook jij zoals ons zien\ Wij kijken in de wereld en zien gewoon onszelf

@ 5627e59c:d484729e

Jaren tellen\ Hoeft voor mij niet

Verhalen vertellen\ Over geluk en verdriet

Een warme haven\ Veilig en fijn

Dromen voorgedragen\ Onschuldig en rein

Momenten ervaard, geleerd\ En geïntegreerd

Ideeën, geloven en gevoelens\ Gevormd en gecreëerd

Zonder eind of echt begin\ Vallen, groeien, leren, stoeien

Een gezin in een gezin met een gezin erin\ Gezind gericht blijft liefde vloeien

@ cae03c48:2a7d6671

Bitcoin Magazine

Bitcoin Officially Traded Above $100,000 For 30 Consecutive Days For The First Time

Bitcoin has officially completed 30 consecutive days trading above the $100,000 mark, marking a historic milestone in its 15 year journey. Bitcoin achieved its all time high (ATH) of $111,980 on May 22, almost hitting $112,000.

JUST IN: Bitcoin has stayed above $100,000 for 30 consecutive days for the first time ever! pic.twitter.com/nfccEK3Wf0

— Bitcoin Magazine (@BitcoinMagazine) June 10, 2025

In the last 30 days, Bitcoin saw a 10 percent pullback right after reaching its ATH, dropping to $100,428. However, it wasn’t for long, as Bitcoin is back at $109,511 at the time of writing. Momentum appears to be building once again, signaling to be bullish.

“Anytime price is able to punch through a major resistance level, whether psychological or historical, and successfully hold, it is certainly a bullish sign,” said the technical analyst of Wolfe Research Read Harvey. “What really stood out to us was price’s ability to hold that level on the back test, when it briefly fell to $100,000 on Thursday. It also happened to align perfectly with the 50-day moving average. … We feel this should act as a launching pad back towards the recent highs of $112,000.”

In the past month, Bitcoin has surged into the financial and political mainstream. Several U.S. states including New Hampshire first, followed by Arizona, and then Texas have passed legislation recognizing Bitcoin as a strategic reserve asset. These laws reflect a growing trend of state level interest in using Bitcoin as a financial hedge and as part of long term fiscal policy.

“New Hampshire didn’t just pass a bill; it sparked a movement,” stated the CEO and Co-Founder of Satoshi Action Dennis Porter.

At the same time, financial institutions are rapidly expanding their Bitcoin offerings. JP Morgan has started providing loans backed by Bitcoin ETFs as collateral. BlackRock’s Bitcoin ETF has entered a period of intense activity, generating record trading volumes and capturing the attention of both retail and institutional investors.

To date, a total of 228 public and private entities have Bitcoin in their balance sheets and in the last 30 days, companies like GameStop, Know Labs, and Norway-based NBX have added Bitcoin as a strategic reserve. All these companies are treating Bitcoin not just as a speculative asset, but as a key part of their long term financial plans. This growing corporate trend follows the example set by Strategy, but it’s now happening on a much larger scale.

At the 2025 Bitcoin conference, the Vice President of the United States of America, JD Vance said in his speech, “Fifty million Americans own Bitcoin. I think it’s gonna be 100 million before too long.”

This post Bitcoin Officially Traded Above $100,000 For 30 Consecutive Days For The First Time first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 5627e59c:d484729e

Happy New Year!

Happy New Year, my dearest human family\ Happy New Year, my dearest animal family

Dear children of the Earth\ I wish you all a magical year

May it be utterly new\ Ever-changing\ New now

And may your journey say\ Life is amazing! I'm in a maze\ Life is awesome! Quite some awe\ Life is magical! True alchemy

I am human\ Black woman, I love you so\ Life-giver of my origin, the negro [nigiro]

I am\ Thus physical and non-physical meet

Life is to be\ As the elements are and compete\ And as they collide with one another\ One becomes aware of an other\ And so life sets on a journey\ To discover the other

Animal life is set to explore\ Allowing all experience the other has in store\ Life left to experience without a voice\ Until it discovers there is an 'I'\ And it has a choice

Human life is to be inside a human body\ Thus fusion between intellect and feeling\ Gets to express its perspective\ Inside infinity

Truly, a magical gift\ My Holy Trinity

And so from human life flow many voices\ As it navigates through infinite choices

Thus I say

Life is magic\ A gift for all that is here\ Perceived by too many as tragic\ Take care of your vision, I tell you, my dear [tell-a-vision]

Life is magic\ And words are spells\ Placing your aim beyond your reach\ It takes away efficiency from your speech

Life is magic\ Above all else\ Even when it has me feeling blue\ Seemingly left without a clue

Still I say

Perfection\ You are everything\ And I am of you

The source, the mirror\ And the reflection

@ 8d34bd24:414be32b

So often Christians focus on God’s love and ignore His judgment. They tell people they need to be saved, but leave out from what they need to be saved. Fifty or a hundred years ago, almost every American knew the basics of the Bible, what sin is, what the judgment of Hell is, and that the God of the Bible is our Creator. Today, most people in America and the world know very little of that. Phrases like, “Trust Jesus and be saved,” mean very little. The person you are talking to may be silently thinking, “Who is Jesus? Why should I trust Him? What do I need to be saved from?”

Most Christians, especially from Evangelical circles, have been steeped in the phrase “Be saved,” but how many have thought carefully about from what they are being saved? If we have trouble answering, “from what?”, how can we explain it to those who don’t know Jesus?

But God demonstrates His own love toward us, in that while we were yet sinners, Christ died for us. Much more then, having now been justified by His blood, we shall be saved from the wrath of God through Him. For if while we were enemies we were reconciled to God through the death of His Son, much more, having been reconciled, we shall be saved by His life. And not only this, but we also exult in God through our Lord Jesus Christ, through whom we have now received the reconciliation. (Romans 5:8-11) {emphasis mine}

Primarily we are saved “from the wrath of God.” We are also reconciled which saves us from separation from God.

We are also told that we are rescued [saved] “from the wrath to come.”

And to wait for His Son from heaven, whom He raised from the dead, that is Jesus, who rescues us from the wrath to come. (1 Thessalonians 1:10) {emphasis mine}

Then one might ask, “What right does God have to tell me what to do and to get mad at me?”

In the beginning was the Word, and the Word was with God, and the Word was God. He was in the beginning with God. All things came into being through Him, and apart from Him nothing came into being that has come into being. In Him was life, and the life was the Light of men. The Light shines in the darkness, and the darkness did not comprehend it. (John 1:1-5) {emphasis mine}

Why does God get to set the rules? Because He made all things. The Creator gets to set the rules for His creation. It isn’t just ‘might makes right,’ but the one who spoke everything into being gets to set the rules for His creatures just like He set the rules for how everything in the universe works.

Many might claim, “but surely God can’t expect us to be perfect? Nobody is perfect.”

For we do not have a high priest who cannot sympathize with our weaknesses, but One who has been tempted in all things as we are, yet without sin. Therefore let us draw near with confidence to the throne of grace, so that we may receive mercy and find grace to help in time of need. (Hebrews 4:15-16) {emphasis mine}

Jesus doesn’t expect more than He has given. He went through every temptation we have experienced, including trials and hardships we can’t imagine, and yet was without even one sin. He is the perfect example of what we should be. Even more amazingly, he understands that we are unable to live up to His standard, so He came to earth, suffered, died, and rose again, so we could be reconciled to Him. All we have to do is repent of our sins, trust Him, and submit to Him. How can we not put our faith in Him after all He did for us?

He made Him who knew no sin to be sin on our behalf, so that we might become the righteousness of God in Him. (2 Corinthians 5:21)

Jesus paid the penalty. He took our sins, so we can receive His righteousness. This is a trade everyone should be willing to make, but sadly most refuse — some willfully, but some because they haven’t heard the good news. Hopefully all Christians will faithfully share the gospel with those around them.

May the perfect Savior guide us in His perfect will and help us to rightfully share the gospel with all those around us.

Trust Jesus

@ 79be667e:16f81798

Zonneschijn\ Stralen, lachen, zo fijn\ Moge de wereld dankbaar zijn

De vrouw, mijn gevoeligheid\ Bron van creativiteit

Genietend niets doen in het gras\ Met wat brood en wat wijn in het glas

@ cae03c48:2a7d6671

Bitcoin Magazine

President Trump’s Truth Social Files S-1 Form For Bitcoin ETF

Today, Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) filed with the US Securities and Exchange Commission (SEC) a Form S-1 for their upcoming Truth Social Bitcoin ETF.

The ETF, which will hold bitcoin directly, is designed to track the bitcoin’s price performance. 

“Truth Social Bitcoin ETF, B.T. is a Nevada business trust that issues beneficial interests in its net assets,” stated the Form S-1. “The assets of the Trust consist primarily of bitcoin held by a custodian on behalf of the Trust. The Trust seeks to reflect generally the performance of the price of bitcoin.”

The ETF is sponsored by Yorkville America Digital, LLC and will trade under NYSE Arca. The Trust’s assets primarily consist of bitcoin held by Foris DAX Trust Company, LLC, the designated bitcoin custodian. Crypto.com will act as the ETF’s prime execution agent and liquidity provider.

“Shares will be offered to the public from time to time at varying prices that will reflect the price of bitcoin and the trading price of the Shares on New York Stock Exchange Arca, Inc. at the time of the offer,” mentioned the Form S-1.

While the ETF offers investors a regulated avenue for bitcoin exposure, the Trust warned of several risks related to digital assets:

• Loss, theft, or compromise of private keys could result in permanent loss of bitcoin.
• Bitcoin’s reliance on blockchain and Internet technologies makes it vulnerable to disruptions and cyber threats.
• Environmental and regulatory pressures tied to high electricity use in bitcoin mining could impact market stability.
• Potential forks or protocol failures in the Bitcoin Network may lead to volatility and uncertainty in asset value.

Last week, during an interview at the 2025 Bitcoin Conference, Donald Trump Jr. announced that TMTG and Truth Social were forming a Bitcoin treasury with $2.5 billion. “We’re seriously on crypto—we’re seriously on Bitcoin,” said Trump Jr. “We’re in three major deals. I believe we’re at the beginning of what will be the future of finance. And the opportunity is massive.”

The day after that interview, Eric Trump and Donald Trump Jr., joined by American Bitcoin Executive Chairman and Board Member Mike Ho, CEO Matt Prusak, and Altcoin Daily founder Aaron Arnold, discussed the future of Bitcoin.

“The whole system is broken and now all of the sudden you have crypto which solves all the problems,” commented Eric Trump. “It makes everything cheaper, it makes everything faster, it makes it safer, it makes it more transparent. It makes the whole system more functional.“

“Everybody wants Bitcoin. Everybody is buying Bitcoin,” Eric added.

This post President Trump’s Truth Social Files S-1 Form For Bitcoin ETF first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

@ 5627e59c:d484729e

De laatste zonnestralen van de dag streken over de eeuwige golven en weerkaatsten als lichtpuntjes in de ogen van schipper Joris terwijl hij nog een slok nam van zijn glazen fles die de vorm had van het hoofd van een oude monnik.

Gekregen van een oude vrouw uit de bergen van de Himalaya, zorgde de rum genaamd 'Old Monk' voor een verwarmend gezelschap op deze eenzame kerstnacht.

Joris had met zijn boot naar India gevaren nadat zijn vrouw hem had verlaten en hij een Indiër had ontmoet die had gezegd: "Waar ik vandaan kom, zijn vrouwen vrij en worden ze niet gezien als enkel en alleen de mooie lichamen die zij bezitten of als eeuwig bezit van een gezin."

Verward en ongelovig had Joris gekeken naar de wereld en besefte dat vrouwen inderdaad slechts gezien werden als hun fysieke schoonheid, genegeerd werden voor hun koesterende gevoeligheid en bekritiseerd werden door hun spontane intensheid en had hierop voor twee jaar lang gezocht in India naar deze vrije vrouwen met als enig resultaat een oude vrouw te ontmoeten die alleen in de bergen woonde en dagelijks haar wijsheid deelde met ieder luisterend oor.

Daar ging het doorzichtig monnikshoofd en verliet met een grote gebogen vlucht de hand van schipper Joris toen plots met groot kabaal de boot abrupt tot stilstand kwam en Joris hals over kop naar de andere kant van het dek geslingerd werd.

Het monnikshoofd verdween in het donker terwijl Joris zijn lichaam probeerde te lokaliseren en met zijn ogen wijd open zijn hersenen zo veel mogelijk informatie probeerde door te spelen.

Tevergeefs, want zijn enorme verschot werd gevolgd door een enkel groeiende verbazing, ongeloof en desoriëntatie toen de boot begon te kantelen.

De bundel licht, afkomstig van de mast van de boot, zwierde doorheen het donker en kwam te schijnen op een gigantische rots in het midden van de zee die werd bezeten door een oogverblindende glinstergroene schijn.

Uit het donker kwam het monnikshoofd, dat nog steeds in volle vlucht was, in het vizier van de lichtbundel en plaatste zich exact tussen de glinstergroene verschijning en Joris waarbij Joris doorheen het monnikshoofd gezegend werd met het zicht op een pracht van een zeemeermin die uitnodigend poseerde op de rots.

Met een luide plons viel Joris achterover in het water toen hij zich realiseerde dat vrouwen zichzelf ook lieten vangen door lust en hun uiterlijke opmaakcompetities en met een dankbare glimlach zonk hij naar de bodem van de zee en was opnieuw geboren.

@ 8d5ba92c:c6c3ecd5

Over the years, I’ve hit many different Bitcoin events across Europe, recently LATAM and Asia too. Small local meetups, bigger gatherings, mid-sized and large conferences, as well as cultural festivals like the one just held in Warsaw, Poland, Bitcoin FilmFest (aka BFF25, which I also co-run).

With probably an average of 7-10 gatherings a year, it’s a lot for some, not enough for others. For me, it’s a learning process hunting signal: real people, real ideas, real talks. In a way, Proof of Work—joining these events takes time and energy, it too yields the results—new connections, collaborations, or even just further steps toward our sovereign lives, meeting after meeting, just like adding a block to the chain.

When choosing a new place to join, location and program are important, almost equal, but what matters most is the overall theme and the vibe it creates with the ‘crowd’. Almost a paranormal synergy of what organizers bring and what attendees add with their presence.

May-June 2025...

First, culture without chains. Then privacy, tech, and cypher action. Still buzzing from BFF25, just a week later, a bit tired but stoked, I managed to take a 3-hour flight from Poland to Spain.

Worth it? Absolutely! Why? Continue reading to figure out.

BCC8333. Let’s first break down the name.

Barcelona Cyphers Conference, with “8333” referring to the port Bitcoin nodes use to sync the timechain in a decentralized network. Well, BCC8333 promised substance, not just empty fluff, from the very start. Honestly, I wouldn’t even call it a 'conference' but a high-signal, well-structured meetup of maybe 150-200 individuals. No influencers, no VIP rooms. No hype, no pressure.

Unleashing Decentralized Freedom.

Held at Palau Dalmases, a 17th-century palace in Barcelona’s Born district, the venue was pure magic. Its courtyard, with stair rails carved with mythological scenes, had an artistic, almost rebellious soul tied to its flamenco background (the venue officially hosts flamenco shows in the evenings). Not too big, not too small, it was just perfect for deep talks, hands-on workshops, signal-not-bullshit presentations, and real debates.

The courtyard, the heart of the venue, welcomed us with sunny weather and stylish décor, sparking some of the best daytime conversations I’ve had. The entire place, with its history and defiant spirit, felt ready for us to build something special. https://i.nostr.build/5CbApOqFnb8UoB0F.png

Organized by locals—Spanish Maxis with a cypherpunk soul—and attended by folks from across the globe, it was a perfect mix of knowledge and experiences. Deep discussions on tech, privacy, geo-politics, culture, communities, health, lifestyle, and philosophy. Precious moments with familiar faces or new ones, all working on very interesting projects. Fact: smaller crowd let you dive deep into talks and build genuine connections.

The program was thoughtfully structured. Intense sessions balanced with space to breathe, think, talk, and eat.

(Note: BCC8333, smack in the heart of Barcelona, meant plenty of nearby dining options despite tourist crowds and occasional long lines for top tapas bars. Breaks were long enough, so you could savor decent meals while enjoying the 5-10 minute walk here or there with other attendees. Could you pay in SATs everywhere? Not really, not outside the venue. But let’s be realistic: in a group of Bitcoiners, there’s always a way to use SATs, swapping fiat with others who’ll need it sooner or later. Win-win. Personally, I find these scenarios even better—Bitcoiners roaming the city for days, asking ‘Can I pay in bitcoin?’ again and again, spread a message stronger than just a group of us closed off at the venue doing our own thing. Moving around and repeating the same question will sooner or later inspire new places to take Bitcoin payments seriously. FYI: at one dinner, a delicious Brazilian steakhouse, we convinced a waiter to download a Lightning wallet, accept his tips in SATs, and vow to dig deeper into Bitcoin and Nostr in the coming days.)

Back To The Event and Its Agenda.

Practical workshops, sharp presentations, and real debates (sadly, still too rare in the space) covered topics like privacy, nodes, wallets, Bitaxe miners, and Nostr. Crucial stuff to forge the sovereign life.

https://i.nostr.build/PvD1bDKr9qQ87Mr5.png

- My personal highlights?

Friday’s sessions on the history and future of cypherpunks (Spanish / English, with Alfre Mancera, Entropy, Bebop, Max Hillebrand, and Begleri); Miniscripts Roundtable-Discussion (English, with Edouard from Liana, Landabaso from Rewind, Francesco from BitVault, Yuri da Silva from Great Wall); Self-Sufficient Houses (English with Matthew Prosser); and the debate on Op_return (English, with Peter Todd; Unhosted Marcellus, and Lunaticoin).

I couldn’t catch everything—too busy in hallway chats connecting dots from the past to the present for a stronger future ;) … Luckily, the main stage sessions were recorded by the organizers (follow Nostr: BCC833, with extra interviews/coverage done by Juan Cienfuegos (BitCorner Podcast). Sure, all of it will drop online soon.

https://i.nostr.build/lNppYMtEtz8DGNhi.png

- What left me in awe?

Pure, unfiltered signal.

First, the Spanish Bitcoin scene is a force. Well-organized, connected, decentralized but acting as one when needed. People relentlessly focused on building, not just talking. BCC8333 was proof.

Second, the fusion of ideas is remarkable; the power of plebs putting them into practice moves the world forward. Just as Bitcoin doesn’t need a CEO, Bitcoiners don’t need typical trendsetters or idols. Case by case, we verify truth ourselves, like nodes in a network, organically building, improving, brainstorming, discussing—not on flashy stages or in cold expo hangars, but in dynamic meetups like this one.

Third, the tribe. Don’t get me wrong, even with thousands of attendees, you can find your people if you try. But with a few hundred, free of overwhelming noise and far too many folks rushing around, you don’t miss the most valuable chats. BCC8333 was no different. I met and re-met my soulmates. The tribe you laugh with, but also work hard with when needed. Simply put: people who share the cypherpunk fire. Sovereignty and hands-on freedom.

- Bonus stuff?

Though the topics were serious (and important), the vibe still had plenty of fun. Barcelona’s nightlife was a great playground, but the organizers also brought joy right to the venue itself. https://i.nostr.build/ahJsprpg1d4qHFtV.png

Examples: Both days with Chain Duel to play in the courtyard and later a big-screen tournament, were cool to watch and join. Saturday’s concert by Roger 9000, with all of us shouting, “Tick tock, next block, it don’t stop. The love of freedom, it don’t stop!” to his energetic beats, made those moments truly spectacular.

Wrapping Up.

BCC8333 stands apart. As the title says, it was truly the event ‘Where Cypherpunk Spirit Forges Sovereign Minds.’ Cheers to the organizers, contributors, volunteers, and attendees! Those past few days in Barcelona were solid proof we’re keeping Bitcoin’s ethos alive—a strong case that it’s not about “going to the moon” but staying free on the ground.

Thank YOU!

---

BTC Your Mind. Let it Beat.

Şela

@ 5627e59c:d484729e

Zonneschijn\ Stralen, lachen, zo fijn\ Moge de wereld dankbaar zijn

De vrouw, mijn gevoeligheid\ Bron van creativiteit

Genietend niets doen in het gras\ Met wat brood en wat wijn in het glas

@ 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.

@ 5627e59c:d484729e

Spontaniteit\ Creativiteit

Iets visueel of gewoon geluid\ Het moet eruit

Ik doe mezelf cadeau aan jou\ Omdat ik van het leven hou

@ 79be667e:16f81798

Spontaniteit\ Creativiteit

Iets visueel of gewoon geluid\ Het moet eruit

Ik doe mezelf cadeau aan jou\ Omdat ik van het leven hou

@ 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

@ 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.

@ 5627e59c:d484729e

Veroorzaakt door de wereld rond mij\ Vormen de wereld in mij

Verwaarloosd door de wereld rond mij\ Overgelaten aan mij

Een groene brug komt uit mij\ Verbindt mij met wij\ En laat ons samen vrij

@ 79be667e:16f81798

In een zee van mogelijkheden\ Kunnen we best veel tijd aan dromen besteden

Dromen is een universele taal\ Het wordt gedaan door ons allemaal

Het is het woord\ Dat deze gelijkheid de grond in boort

@ 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.

@ 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.

@ 3104fbbf:ac623068

It is possible to shift your mindset in adulthood — but it’s exceedingly rare. There’s no exact science to it, yet roughly 2% of people seem truly able — or willing — to change their worldview past a certain age. As arbitrary as that number may sound, it often holds true in practice. It helps explain human behavior and why the remaining 98% — those unwilling to embrace deep inner change — will never dare to step outside their comfort zone.

Learning new skills holds real, practical value: it’s how we redirect our lives toward something better. But it requires a willingness to evolve the way we think. In my view, the only truly helpful approach is to share insights, ideas, and methods — and then let each individual decide whether they’re ready to invest time and energy into rethinking their patterns, learning what’s needed, and transforming their habits or beliefs. There are no shortcuts.

As someone who’s committed to this path and aware of what’s at stake for humanity in the next 20 years — especially with AI — I want to share a few signposts for those ready to lift their heads out of the sand.

---

Discernment in the Age of AI: More Essential Than Ever

We are living through a radical upheaval, driven by artificial intelligence and the exponential acceleration of technology. And I’m convinced of one thing: if a belief, ideology, or conviction born in the 21st century isn’t constantly reevaluated — with curiosity, humility, and intellectual rigor — by confronting opposing views, digging into what’s uncomfortable, and honestly questioning what we don’t yet understand, then we’re not thinking. We’re just gambling on blind faith — or refusing to face reality. And eventually, that catches up with us.

The longer you wait to adapt to technological acceleration, the more you risk becoming trapped in an invisible loop — one where you don’t even realize just how far behind you’ve fallen.

Take independent thinking and discernment — arguably the most vital skills in an AI-driven world. If you rely on AI in a domain where you lack critical sensitivity, you’re setting yourself up for disaster.

When you use AI to move a project forward, you need to instantly recognize when something feels off: “That doesn’t make sense. It’s too cliché. It doesn’t work.” And the AI — trained to please you — will agree: “You’re right.”

But… what if you’re wrong?

That’s where the downward spiral begins — a kind of creative death. Many people:

Settle for the AI’s first answer,

Fail to grasp that this response is just the most statistically likely, the most "expected,"

And end up with something generic, bland, and forgettable.

We have to move beyond that. We have to enter that narrow zone where we seek something original, alive, new — and keep pushing: “No, that’s not it yet.” It’s through this iterative process that refinement happens, and real value emerges.

Used this way, AI becomes a powerful tool — one that accelerates research, eliminates friction, and streamlines the creative process.

Prompting — the art of crafting precise, thoughtful instructions for the AI — is learned through practice, trial and error. But it also demands a specific mental posture: one rooted in curiosity, humility, and the willingness to question yourself. You must be willing to doubt your own assumptions, to challenge your own blind spots.

---

The Mental Exoskeleton: Amplifying Human Potential Through AI

We’re living in a near-magical era. If you’ve already built a solid foundation of skills, AI acts like an exoskeleton — allowing you to lift far more than you could on your own. If you’re already strong, it amplifies your strength. If you’ve learned how to think and how to use your mind, it multiplies your intellectual power.

And if you’ve cultivated curiosity and broad general knowledge — instead of locking yourself into hyper-specialization — for the first time in history, that’s an edge. Because AI enables you to instantly dive deeper into any of those fields and connect the dots across disciplines. Suddenly, it feels like you can tap into the depth of global expertise, on demand, in virtually any subject.

But again, this all hinges on mindset. If most people don’t know what they want, can’t think independently, clearly, or precisely, and don’t even know what questions to ask — AI won’t help them move forward. It won’t fix a broken mentality. In the end, it’s the 2% — those who can ask the right questions, think strategically, and challenge their own thinking — who will truly harness this technology.

And because of that, the gap is going to widen. The divide between the capable and the incapable, the wealthy and the struggling, is only going to deepen. The 2% will continue to accelerate, while those who don’t know how to wield this tool effectively will be left behind. In this sense, AI doesn’t level the playing field — it magnifies inequality.

Anything we currently believe to be beyond AI’s reach won’t remain so for long. When AI becomes fully autonomous — faster and more intelligent than any living human — there will be almost nothing it can’t help us do or manifest in the real world.

---

The Coming Divide in Human Evolution

The only real distinction will be this: this new form of intelligence will never truly be human.

And not everyone will react positively. While radical transhumanists will push the boundaries without restraint, a strong backlash is likely — perhaps even violent — driven by a new wave of puritanical neo-conservatism. These individuals will fiercely oppose any form of technological enhancement of human abilities. The result could be intense civil unrest.

And this isn’t science fiction anymore — it’s already underway. Most people, distracted by daily life and mainstream media, aren’t paying close attention. We’ve just revived extinct species. The dire wolf, gone for over 10,000 years? Done. What’s next? This isn’t some virtual simulation — you’ll soon be able to pet a dire wolf. Human genetic modification is inevitable. And it’s going to make a lot of people profoundly uneasy.

Even now, people with Neuralink implants are playing video games using only their minds. And what’s crazy is that these players are saying: “We’ll need our own league — we’re already outperforming anyone still stuck with a keyboard, mouse, or controller.”

This isn’t a futuristic fantasy — it’s happening right now.

It’s the mental exoskeleton, in a way. We’ve already seen physical exosuits helping paraplegic patients walk again — mental-cybernetic augmentation is the logical next step. It’s no longer just about restoring lost function, but enhancing and accelerating it. The gap between “augmented” individuals and those who aren’t is only going to grow — and it already is, simply between those who master AI tools and those who barely scratch the surface.

Even before that, landing a job will soon require AI literacy — that’ll be the baseline. And it won’t stop there. Your job performance reviews will include how well you work with AI: your fluency, speed, and depth of integration. If you’re not improving continuously, if you’re not keeping pace, you’re already falling out of the game.

So it’s not just about knowing how to use AI — it’s about constantly improving your skills with it. That takes real training, like working a muscle. It won’t just fall into your lap. The majority of people who aren’t actively engaged will be left behind. And as deflationary technology enables material abundance, universal basic income may become a reality. Work might no longer be essential for survival.

But unless there’s a radical shift in global mindset, this material abundance could become a curse: a world where 98% of people are dependent, apathetic, intellectually numbed, wandering aimlessly through life — much like the characters in Wall-E.

---

How AI Is Reshaping and Rebuilding the World of Work

It’s painfully obvious: either you use AI, or you’ll be replaced by someone who does.

Our brains have two hemispheres — analytical and creative. A few centuries ago, creativity wasn’t valued much. The world was built for analytical thinkers — schools, exams, the entire education system. That was the “correct” path.

But the Internet made technical specialists interchangeable. As Daniel Pink highlights in A Whole New Mind, overnight, anyone could hire a developer from anywhere — Pakistan, India, wherever — through platforms like Upwork or Fiverr. Skills that were once rare and expensive became globally available and cheap.

In his book, Pink argues that the future belongs not to specialized technicians, but to creative thinkers. Not the one who can play every instrument — but the one who can conduct the orchestra. The one who may not execute every task better than you, but who can bring people, tools, and ideas together to build something great — something that adds value to the world.

Today, many developing countries are rising out of poverty by building foundational technical skills. Roles that once required elite expertise — research assistants, paralegals, coders, accountants, musicians, sound engineers — are now globally accessible. Anyone, anywhere, can learn anything by tapping into the sum of human knowledge online.

AI agents are autonomous programs designed to think and act on your behalf — like super-assistants that can plan, decide, and execute tasks for you. In the past, if I wanted something done, I’d hire a person. Now? I can just program an AI agent.

And this is moving fast. Very fast : Exponential acceleration !!!!!!

By 2027, AI agents won’t just complete tasks — they’ll:

• Write improvements for other AIs,

• Conduct massive experiments independently,

• And achieve decades’ worth of progress in a matter of days or weeks.

It’s 2025. We’re already halfway there. That means we’re less than 24 months away from what many are calling an intelligence explosion — a tipping point where everything accelerates beyond prediction.

By 2028, we’ll have passed what’s often referred to as the technological horizon — a point of no return, where trying to forecast the future becomes meaningless. No one will be able to predict what jobs, economies, or societies will even look like. That’s the pace of change.

Individually, if we don’t want to find ourselves lost and disoriented, we need to act now — adopt the technology, use it, learn it, build our skillsets, and constantly ask:

“How can I use AI to build what I want to build — to create real value?”

• The people who will thrive are those who:

• Can discern — they know what’s useful and what isn’t,

• Have vision — they know what they want to create,

• And most importantly,

• Have the courage to bring it to life.

---

The Great Equalizer of Decentralization

Imagine the global economy as a massive sheet of glass. Today, this sheet is held in balance by a few corporate giants, some mid-sized companies, and a vast multitude of small structures.

But we’re on the verge of watching it crash to the floor. And when it shatters, it won’t be the small structures that break—it’ll be the large ones. The very enterprises that currently form the backbone of the system will fracture into thousands of smaller, more agile units. Why? Because artificial intelligence is acting as a powerful equalizer of power. We are standing at the dawn of a great decentralization of money, power, and energy.

Soon, we’ll see billion-dollar companies being created by one, two, or maybe three individuals. These small teams will be able to deploy entire organizations made up of autonomous AI agents — capable of running all the departments of a business. These agents will manage budgets, use tools, buy and sell using Bitcoin directly, execute tasks, and scale operations. And suddenly, the very concept of having employees… will disappear.

The real question then becomes: what happens when 30% of the workforce suddenly decides to launch their own ventures? The shift will be colossal. It will spark a massive decentralization of countless services, an explosion of innovation, and an unprecedented surge in entrepreneurial activity — especially if the global economy aligns with a monetary standard rooted in the neutral benchmark of Bitcoin.

But it also raises a deeper existential question for the majority:

“Where will I find meaning and purpose in a world that no longer needs me?”

Until now, work, knowledge, and expertise have all been shaped by scarcity. A lawyer charges high fees because legal knowledge is scarce. A doctor does the same because of medical expertise.

But what happens when knowledge is no longer scarce? When it becomes instantly available to everyone? That’s when the real rupture begins.

---

Hyperlinked Intelligence: When AI Agents Talk to Each Other

In this new world, the MCP protocol — short for Multi-Channel Protocol — designates a system that enables artificial intelligence agents to communicate and collaborate without friction. Think of it as a universal language, a shared grammar that allows various AIs — regardless of their function — to exchange information and coordinate in real-time.

Here’s the central idea:

Today, most AI agents operate in isolation. One manages your calendar, another your emails, a third handles your travel plans. But they don’t really talk to each other.

With the MCP protocol, these agents can cooperate seamlessly. They exchange data, delegate tasks, and make joint decisions — all without human intervention. This makes them exponentially more efficient.

Let’s take some concrete examples:

• An AI could cross-check your calendar and travel plans to automatically schedule an on-site meeting.

• It could access your communication platforms (email, social media), synchronize your contacts, and manage your posts without you lifting a finger.

• It could even handle complex tasks like optimizing your online presence, managing a dating profile, or generating strategic content for your professional networks.

In short, the MCP protocol supercharges AI systems by transforming them from isolated tools into interconnected intelligent networks. It opens the door to fully autonomous workflows that can handle a broad range of tasks at accelerating speeds, without human input.

It’s the TCP/IP moment of artificial intelligence.

Remember: TCP/IP enabled the birth of the internet by creating a universal communication standard. MCP could become that standard for AI — allowing all intelligent agents to connect, interact, and collaborate while transacting autonomously in a digital economy.

With this infrastructure, AI agents become “intelligent hyperlinks”: they naturally connect, share data, and perform actions in synergy. Everything clicks into place. Everything flows. And suddenly, AI becomes infinitely more powerful.

In the very near future, every executive or entrepreneur will have a “phantom agent” — an AI that tracks calls, meetings, decisions. A CEO will be able to ask their agent for a complete situational briefing. Even more: these phantom agents will talk to each other across departments and make decisions autonomously.

This is already happening as I write these lines.

Now picture this: you give an AI the following mission — “Identify the five most profitable business models today, replicate them, and recruit the agents needed to scale them up.” In an instant, you unleash an army of AI agents set to disrupt every online business in existence. This is the beginning of a new world of automation and velocity.

And the protocol that will allow these AI agents to coordinate is the key to this revolution. Until now, AI agents operated in silos and quickly hit their limits. With the MCP protocol, that barrier disappears. An AI will be able to access your calendar, book a flight, check available hotels — and that’s just the beginning.

The true revolution lies in the scale of what this will enable.

The possibilities are nearly endless.

---

Empowering Individuals: How Open-Source AI Can Protect Our Freedoms in the Digital Age

As artificial intelligence (AI) evolves at breakneck speed, it’s essential that everyone—not just tech experts—understands how it will shape our future. While AI offers tremendous benefits, it also carries serious risks, particularly in terms of surveillance and privacy. By embracing open-source AI and freedom technologies, we can ensure a fairer, more transparent digital world.

🌍 Why Open-Source AI Matters

Open-source AI refers to systems whose code is accessible to the public—allowing anyone to audit, replicate, modify, or improve them. This transparency fosters accountability and collaboration. In contrast, closed-source AI systems, controlled by a handful of Big Tech firms or government-private alliances, risk creating monopolies and surveillance mechanisms more pervasive than anything we’ve seen before. We are already witnessing how far governments and corporations are willing to go in tracking and monitoring citizens—paving the way toward a hybrid dystopia, straight out of 1984 and Brave New World, ruled by a caste of transhumanist technocrats.

Free and open-source software is essential to reclaim control over our digital lives. Proprietary systems are easily weaponized for surveillance, undermining our fundamental rights, our privacy, and democracy itself. By supporting open-source AI, we help decentralize power and reduce the risk of authoritarian control.

🛡️ Defending Against the Surveillance Dystopia

Without adequate safeguards, AI can become a tool of mass surveillance, gradually eroding personal freedoms. To push back, we must:

Support Open-Source Initiatives: Contribute to AI projects that prioritize transparency and user control over data.

Advocate for Ethical AI Development: Demand systems that are privacy-respecting and bias-free.

Stay Informed: Educate yourself on the ethical implications of AI and Bitcoin—and take action accordingly.

🧭 A Simple Guide to Get Started

Learn the Basics of AI: Tap into accessible resources to understand the foundations of AI and prompt engineering.

Understand Bitcoin Fundamentals: Learn to be your own bank, breaking away from centralized financial systems. Exit the fiat Ponzi as much as possible during this transition. ** Explore Open-Source Principles: Familiarize yourself with how open-source works—and why it matters. ** Engage with the Community: Join forums, attend workshops, or participate in online discussions on AI and digital rights.

Practice Digital Hygiene: Use end-to-end encrypted communication tools and be mindful of your digital footprint. Seek out Freedom Tech tools that already exist—don’t be seduced and neutralized by convenience.

Promote Ethical Practices: Support policies and initiatives that favor decentralized development and individual empowerment.

Share What You Learn: Spread this knowledge in your circles—gradually, intentionally.

Why This Matters

By embracing the digital revolution, individuals can take an active role in shaping the future and contributing to a fairer, more secure society. This is especially vital for generations less familiar with emerging technologies—they face both a unique challenge and a rare opportunity. Not just the youth, but Gen X and their predecessors must bridge the knowledge gap, understand the fundamentals of Bitcoin and the potential of AI. Doing so ensures their relevance, their participation in the digital transformation, and protection for their children.

Digital literacy goes beyond just using new tools—it’s about understanding their impact, risks, and benefits. It means educating ourselves about the dangers of centralized control and the strengths of decentralized systems. This includes learning how to protect your digital privacy, manage personal data, and navigate a world increasingly shaped by AI. Equipped with these skills, individuals can help design the digital universe—and safeguard their rights within it.

The pace of technological change demands constant adaptation. As Michael Saylor puts it: the future belongs to AI and Bitcoin. Those who fail to adapt risk being left behind in a hyper-digitized society. But adaptation is not just about tools—it’s a mindset shift. It’s about embracing change and committing to lifelong learning.

This is a collective responsibility. By promoting digital literacy and encouraging exploration of empowering technologies, we can avoid a dystopian sci-fi future—and steer toward a freer, more decentralized world.

In Summary

The impact of the digital revolution is profound and demands your immediate attention. By embracing open-source AI and Bitcoin—and understanding the consequences of our digital choices—we can build a future where technology empowers people, protects freedom, and fosters sovereignty. No matter your age or background, you have a role to play in this transition. Your active participation is essential to shape a world that serves humanity, not the systems that seek to control it.

Now is the time to act. As the digital wave accelerates, fusing the wisdom of the past with tomorrow’s tools, we can co-create a world that truly reflects the values of freedom, responsibility, and collective uplift.

Inspired by Mark Moss & Tom Bilyeu !

@ a5ee4475:2ca75401

[EM ATUALIZAÇÃO]

vacina #saude #politica #manipulacao #mundial #genocidio #pandemia #conspiracao

"Aqueles que não conseguem lembrar o passado estão condenados a repeti-lo." - George Satayana

Este artigo reúne algumas menções e evidências mais antigas que vim registrando durante alguns anos em relação a Covid-19, vacinas obrigatórias e a ação de agências de governo, fundações, políticos, mídia tradicional, celebridades, influenciadores, cientistas, redes sociais e laboratórios, em envolvimento com genocídio e restrições de liberdades em escala mundial causado por decisões em várias esferas relativas ao covid e as vacinas obrigatórias em geral.

Porém, alguns links podem não estar mais disponíveis, foram que ainda faltam ser registradas muitas informações já divulgadas nos últimos anos e que muitos não tiveram contato pela escassez de meios para a obtenção dessas informações de forma organizada.

Portanto, o presente artigo ainda passará por atualizações de conteúdo e formatação. Logo, se possível, ajudem sugerindo complementos ou alterações, ou com doações.

---

Noções iniciais:

• O termo 'Coronavírus' (COVID) é na verdade um nome genérico para vários vírus de gripes já comuns, dado para o tipo corona (com uma "coroa", 'espetos' ao redor dele), o Sars-Cov-2 (que passou a ser chamado erroneamente só de Covid), é só um deles.
• SARS-CoV-2 é que é nome do vírus. Ele que causa a doença Covid-19;
• O coronavírus SARS-CoV-2 é o segundo tipo de SARS-CoV documentado, o primeiro ocorreu entre 2002 e 2003, se originando também da China e também dito como tendo origem animal;
• SARS (Severe Acute Respiratory Syndrome) - Síndrome Respiratória Aguda Grave (SRAG) é a uma doença respiratória viral, relatada ser de origem zoonótica (animal), causada pelos coronavírus SARS-CoV (2002) e SARS-CoV-2 (2019), ambos de origem chinesa;

---

1. Vacinas Obrigatórias em Geral

23/01/2025 - [Pesquisa] Vacinas nos EUA causando autismo em crianças https://publichealthpolicyjournal.com/vaccination-and-neurodevelopmental-disorders-a-study-of-nine-year-old-children-enrolled-in-medicaid/

• O CDC admite que 98 milhões de pessoas receberam o vírus do câncer através da vacina da Poliomielite https://medicinanews.com.br/frente/frente_1/o-cdc-admite-que-98-milhoes-de-pessoas-receberam-o-virus-do-cancer-atraves-da-vacina-poliomielite/

"O CDC (Os Centros de Controle e Prevenção de Doenças dos Estados Unidos) removeu rapidamente uma página do seu site, que estava em cache no Google, como você pode ver logo abaixo, admitindo que mais de 98 milhões de americanos receberam uma ou mais doses de vacina contra pólio dentro de 8 período entre 1955 e 1963, quando uma proporção da vacina foi contaminada com um poliomavírus causador de câncer chamado SV40."

Fonte original da imagem: https://preventdisease.com/images13/CDC_Polio.png [indisponível] - A imagem foi trocada por outra de menor qualidade e em outro link, mas eu já tinha a imagem original salva.

Imagem arquivada em: https://web.archive.org/web/20201203231640/

27/02/2021 - Por que o Japão demorou para vacinar, mesmo com Olimpíada se aproximando https://www.cnnbrasil.com.br/internacional/2021/02/27/por-que-o-japao-demorou-para-vacinar-mesmo-com-olimpiada-se-aproximando

"Desconfiança da população japonesa em relação a vacinas, ligada a casos ocorridos no passado, está entre razões que atrasaram imunização no país.

A resistência à vacina do Japão remonta à década de 1970, quando duas crianças morreram dentro de 24 horas após receberem a vacina combinada contra difteria, tétano e coqueluche (coqueluche). A vacina foi temporariamente suspensa, mas a confiança já havia sido abalada. Por vários anos, as taxas de vacinação infantil caíram, levando a um aumento nos casos de tosse convulsa.

No final dos anos 1980, houve outro susto com a introdução da vacina tripla contra sarampo, caxumba e rubéola produzida no Japão. As primeiras versões do imunizante foram associadas à meningite asséptica, ou inchaço das membranas ao redor do cérebro e da medula espinhal. O problema foi rastreado até o componente caxumba da vacina tripla, o que levou a uma ação judicial e a indenização por danos pesados.

O Instituto Nacional de Ciências da Saúde interrompeu a dose combinada em 1993 e a substituiu por vacinas individuais. Após o escândalo, Shibuya disse que o governo japonês se tornou "ciente dos riscos" e seu programa nacional de vacinação tornou-se voluntário.

O Dr. Yuho Horikoshi, especialista em doenças infecciosas, diz que os processos levaram a uma "lacuna de vacinação", em que nenhuma vacina foi aprovada no Japão por cerca de 15 anos.

Mais recentemente, em 2013, o Japão adicionou a vacina contra o papilomavírus humano (HPV) ao calendário nacional para proteger as meninas contra o vírus sexualmente transmissível, que é conhecido por causar câncer cervical. No entanto, vídeos de meninas supostamente sofrendo de reações adversas começaram a circular no YouTube, levando o governo a retirá-los da programação nacional."

---

2. PRIMEIRAS OCORRÊNCIAS PREDITIVAS AO COVID-19

2002 - Síndrome respiratória aguda grave (SARS) Brenda L. Tesini (setembro de 2018). Síndrome respiratória aguda grave (SARS) [indisponível]. Manual Merck. Consultado em 23 de janeiro de 2020, citado no Wikipedia

SARS - Wikipédia: "A SARS [doença do vírus SARS-CoV] foi detectada pela primeira vez no fim de 2002 na China. Entre 2002 e 2003, um surto da doença resultou em mais de 8 000 casos e cerca de 800 mortes em todo o mundo."

2010 - Fundação Rockfeller, Lockstep. https://www.rockefellerfoundation.org/wp-content/uploads/Annual-Report-2010-1.pdf

Neste PDF da fundação Rockfeller, em seu próprio site, a fundação deixou claro o seu envolvimento em casos de ‘contenção’ de pandemias juntamente com a USAID (agência americana com nome ambíguo, como formalmente ‘United States Agency for International Development’, mas soando como ‘US Socorre’, mas sendo um braço do governo democrata que financiava interferências políticas diretas em vários países, como em intervenções no Brasil ), inclusive em relacionadas ao SARS, o mesmo sintoma dos coronavírus Sars-Cov e Sars-Cov-2 (o vírus propagado em 2019) e que causa o COVID-19.

Segundo eles:

“Integração entre Regiões e Países

A Fundação Rockefeler investiu US$ 22 milhões em sua Iniciativa de Redes de Vigilância de Doenças para ajudar a conter a disseminação de doenças infecciosas e pandemias, fortalecendo os sistemas nacionais, regionais e globais de vigilância e resposta a doenças. Dois programas-chave da Rockefeler — a Rede de Vigilância de Doenças da Bacia do Mekong e a Rede Integrada de Vigilância de Doenças da África Oriental — conectaram e capacitaram profissionais de saúde, epidemiologistas e autoridades de saúde pública em toda a região, levando a um aumento de seis vezes nos locais de vigilância de doenças transfronteiriças somente nos últimos três anos. Em 2010, a Rockefeler expandiu a bem-sucedida campanha transdisciplinar One Health, que a USAID e o Banco Asiático de Desenvolvimento adotaram como modelos. One Health refere-se à integração da ciência médica e veterinária para combater essas novas variedades de doenças zoonóticas que se movem e sofrem mutações rapidamente de animais para humanos. Essas colaborações criaram e fortaleceram uma rede regional crítica de saúde pública, enquanto as lições aprendidas foram exportadas entre disciplinas e países. Além de fortalecer os laços globais em saúde pública, a Rockefeler ajudou a elevar o nível de especialização e treinamento em campo. O Programa de Treinamento em Epidemiologia de Campo coloca graduados nos mais altos escalões do governo no Laos e no Vietnã, enquanto as bolsas da Rockefeler transformaram as ferramentas disponíveis para os médicos, permitindo-lhes utilizar o poder da internet para se comunicar e monitorar eventos, compreender contextos locais e analisar novos problemas. Finalmente, estamos aplicando ferramentas do século XXI para combater os desafios de saúde do século XXI.”

Julho de 2012 - Revista Mundo Estranho - Epidemias Citado em: https://super.abril.com.br/especiais/epidemia-o-risco-invisivel/

Página do site ME salva em Imagem no Voidcat

Houve uma ‘coincidência’, a revista Mundo Estranho em julho de 2012, entrevistou o até então doutorando em virologia, Átila Iamarino (do canal Nerdologia no Youtube - O mesmo cientista que fez diversas propagandas das vacinas no Brasil), para descrever um possível cenário de propagação de uma epidemia viral, a revista descreve com grande precisão os eventos de 2020, mas apontando o oposto da China, em que, na realidade, sua economia cresceu vertiginosamente.

Segundo eles:

“ 1 – A Ásia é o ponto de partida. Após várias mutações, um novo vírus surge hospedado em morcegos. As fezes que eles soltam no ar infectam guaxinins. Dos mercados da China, esses animais são levados vivos para serem abatidos em restaurantes. Estressados, eles arranham e mordem os cozinheiros, espalhando o vírus.

2 – O vírus adquire a capacidade de ser transmitido de homem para homem por via aérea – forma mais fácil de contágio. Além disso, o contágio se dá antes mesmo de o enfermo apresentar os sintomas. Assim, em média, o doente infecta cinco pessoas antes de ter febre, vômito, diarreia, desidratação e falta de ar.

3 – O governo chinês envia uma comissão para avaliar a doença misteriosa que acomete alguns vilarejos. A equipe volta sem resultados e não considera o surto alarmante até que três pesquisadores adoecem e um deles morre. A China não informa a Organização Mundial da Saúde (OMS) para não demonstrar fragilidade.

4 – Os sintomas são comuns e a doença só chama a atenção quando muita gente começa a morrer na mesma região. Ainda assim, demora para que médicos e enfermeiros percebam a ineficiência de antibióticos na cura – o que exclui a maioria das bactérias como agente causador. Testes com vírus comuns também dão negativo.

5 – O governo isola comunidades em que há focos da doença. Ninguém entra nas cidades e nenhum doente pode sair. Mas, como a misteriosa enfermidade demora quatro dias para mostrar seus sintomas, muitos doentes saem dos vilarejos sem saber que estão infectados, alastrando a epidemia.

6 – Doentes viajam de avião para grandes cidades, como Hong Kong. O fervilhante centro comercial, que atrai gente do mundo todo, é um polo de contágio e disseminação. Sem imaginar o risco que correm, pessoas são contaminadas e, ao voltar para seu local de origem, carregam o vírus para todos os continentes.

7 – Com a doença já fora de controle, começa uma corrida entre laboratórios e cientistas de grandes universidades para descobrir o agente causador. Mesmo com o vírus isolado, as vacinas demoram para ser feitas em larga escala, tornando impossível o atendimento à demanda mundial.

8 – Os países se isolam, mantendo esquemas de quarentena. Aeroportos são fechados e o turismo mundial cai a quase zero. A China sofre as piores consequências, com o fluxo de empresários para Hong Kong suspenso – gerando prejuízos de bilhões de dólares – e com o boicote a produtos alimentícios vindos da Ásia.

9 – Além dos 10% de casos letais, os milhões de doentes precisam de atendimento médico. Enquanto hospitais e cemitérios estão lotados, escolas, indústrias e comércio ficam paralisados por falta de profissionais. O transporte público também para e os trabalhadores que podem passam a trabalhar em casa.

10 – Nas nações pobres, quase 20% da população morre – e outros milhões são vitimados mesmo em países ricos. Parte dessa mortalidade ocorre por causa da doença, mas outro fator determinante é a crise financeira global. A produção de alimentos cai por falta de mão de obra.

Fontes: A História e Suas Epidemias e Pandemias – A Humanidade em Risco, de Stefan Cunha Ujvari; Pragas e Epidemias – Histórias de Doenças Infecciosas, de Antonio Carlos de Castro Toledo Jr. Consultoria: Stefan Ujvari Cunha, infectologista do Hospital Alemão Oswaldo Cruz; Paolo Zanotto, professor de virologia do Instituto de Ciências Biológicas (ICB) da USP; Átila Iamarino, doutorando em HIV-1 no ICB da USP. “

---

3. PRIMEIROS INDÍCIOS

10/2019 - Evento 201 - Durante os Jogos Militares Internacionais na China https://www.centerforhealthsecurity.org/event201/

Promovido por: - Bill & Melinda Gates Foundation - John Hopkins Institute - Fórum econômico mundial

"O evento simula a liberação de um coronavírus novo do tipo zoonótico transmitido por morcegos para porcos e por fim para humanos. Eventualmente ele se torna muito transmissível entre humanos levando a uma pandemia severa. O vírus é muito parecido com o vírus da SARS, mas se transmite muito mais facilmente entre pessoas devido a sintomas muito mais leves destas."

Também mencionado por: Jornal Estadão

Sobre o "Movimento antivacina"

05/12/2017 - Movimento antivacina: como surgiu e quais consequências ele pode trazer? https://www.uol.com.br/universa/noticias/redacao/2017/12/05/o-que-o-movimento-antivacina-pode-causar.htm?cmpid=copiaecola

23/03/2019 - "Instagram bloqueia hashtags e conteúdo antivacinação" https://canaltech.com.br/redes-sociais/instagram-bloqueia-hashtags-e-conteudo-antivacinacao-135411/

23/05/2021 - Novos dados sobre pesquisadores de Wuhan aumentam debate sobre origens da Covid https://www.cnnbrasil.com.br/saude/novos-dados-sobre-pesquisadores-de-wuhan-aumentam-debate-sobre-origens-da-covid/

"A China relatou à Organização Mundial da Saúde que o primeiro paciente com sintomas semelhantes aos de Covid-19 foi registrado em Wuhan em 8 de dezembro de 2019"

01/02/2020 - O que aconteceu desde que o novo coronavírus foi descoberto na China https://exame.com/ciencia/o-que-aconteceu-desde-que-o-novo-coronavirus-foi-descoberto-na-china/

"O primeiro alerta foi recebido pela Organização Mundial da Saúde (OMS) em 31 de dezembro de 2019"

15/09/2020 - YouTube diz que vai remover vídeos com mentiras sobre vacina contra COVID-19 https://gizmodo.uol.com.br/youtube-remover-videos-mentiras-vacina-covid-19/

"O YouTube anunciou na quarta-feira (14) que estenderá as regras atuais sobre mentiras, propaganda e teorias da conspiração sobre a pandemia do coronavírus para incluir desinformação sobre as vacinas contra a doença.

De acordo com a Reuters, a gigante do vídeo diz que agora vai proibir conteúdos sobre vacinas contra o coronavírus que contradizem “o consenso de especialistas das autoridades de saúde locais ou da OMS”, como afirmações falsas de que a vacina é um pretexto para colocar chips de rastreamento nas pessoas ou que irá matar ou esterilizar quem tomar."

*07/01/2021 - YouTube vai punir canais que promovem mentiras sobre eleições – incluindo os de Trump https://olhardigital.com.br/2021/01/07/noticias/youtube-vai-punir-canais-que-promovem-mentiras-sobre-eleicoes-incluindo-os-de-trump/

"O YouTube anunciou que vai punir canais que promovem mentiras sobre as eleições, removendo sumariamente qualquer vídeo que contenha desinformação e, ao mesmo tempo, advertindo com um “strike” o canal que o veicular. A medida já está valendo e a primeira “vítima” é ninguém menos que o ex-presidente americano, Donald Trump.

A medida não é exatamente nova, mas foi novamente comunicada e reforçada pelo YouTube na quarta-feira (6), após os eventos de invasão do Capitólio, em Washington, onde o presidente eleito Joe Biden participava da cerimônia que confirmava a sua vitória nas eleições de novembro de 2020. A ocasião ficou marcada pela tentativa de invasão de correligionários de Trump, que entraram no edifício em oposição à nomeação do novo presidente. Uma mulher acabou sendo morta pela polícia que protegia o local.

O ex-presidente Donald Trump teve vídeos banidos de seu canal no YouTube após os eventos de ontem (6) no capitólio."

---

4. FIGURAS CENTRAIS

Bill Gates

• Bill Gates diz 'não' a abrir patentes de vacinas https://www.frontliner.com.br/bill-gates-diz-nao-a-abrir-patentes-de-vacinas/

"Bill Gates, um dos homens mais ricos do mundo, cuja fundação tem participação na farmacêutica alemã CureVac, produtora de vacina mRNA para prevenção de covid-19, disse não acreditar que a propriedade intelectual tenha algo a ver com o longo esforço global para controlar a pandemia."

João Doria - Governo de São Paulo

26/07/2017 - João Dória vai a China conhecer drones para ampliar segurança eletrônica na capital paulista https://jc.ne10.uol.com.br/blogs/jamildo/2017/07/26/joao-doria-vai-china-conhecer-drones-para-ampliar-seguranca-eletronica-na-capital-paulista/

02/08/2019 - Governo de SP fará Missão China para ampliar cooperação e atrair investimentos https://www.saopaulo.sp.gov.br/spnoticias/governo-de-sao-paulo-detalha-objetivos-da-missao-china/

20/11/2019 - Doria se encontra com chineses das gigantes CREC e CRCC e oferece concessões de rodovia, metrô e ferrovia https://diariodotransporte.com.br/2019/11/20/doria-se-encontra-com-chineses-das-gigantes-crec-e-crcc-e-oferece-concessoes-de-rodovia-metro-e-ferrovia/

25/01/2020 - "Chineses serão agressivos" nas privatizações em SP até 2022, afirma Dória https://noticias.uol.com.br/colunas/jamil-chade/2020/01/25/entrevista-joao-doria-privatizacoes-sao-paulo-china.htm

O governador de São Paulo, João Doria, afirma que vai acelerar os programas de desestatização no estado em 2020 e acredita que concessões e vendas poderão permitir uma arrecadação de pelo menos R$ 40 bilhões. Nesse processo, o governador avalia que a China deve atuar de forma agressiva e que aprofundará sua posição de maior parceira comercial do estado, se distanciando de americanos e argentinos.

29/06/2020 - Doria estabelece multa para quem estiver sem máscara na rua em SP https://veja.abril.com.br/saude/doria-estabelece-multa-para-quem-estiver-sem-mascara-na-rua/

24/12/2020 - Doria é flagrado sem máscara e fazendo compras em Miami https://pleno.news/brasil/politica-nacional/doria-e-flagrado-sem-mascara-e-fazendo-compras-em-miami.html

"Foto do governador de São Paulo sem o item de proteção viralizou nas redes"

07/06/2021 - Doria é criticado na internet por tomar sol sem máscara em hotel no Rio https://vejasp.abril.com.br/cidades/doria-e-criticado-na-internet-por-tomar-sol-sem-mascara-em-hotel-no-rio/

30/09/2020 - Governo de SP assina contrato com Sinovac e prevê vacina para dezembro https://agenciabrasil.ebc.com.br/saude/noticia/2020-09/governo-de-sp-assina-contrato-com-sinovac-e-preve-vacina-para-dezembro

O governador de São Paulo, João Doria, e o vice-presidente da laboratório chinês Sinovac, Weining Meng, assinaram hoje (30), um contrato que prevê o fornecimento de 46 milhões de doses da vacina CoronaVac para o governo paulista até dezembro deste ano.

O contrato também prevê a transferência tecnológica da vacina da Sinovac para o Instituto Butantan, o que significa que, o instituto brasileiro poderá começar a fabricar doses dessa vacina contra o novo coronavírus. O valor do contrato, segundo o governador João Doria é de US$ 90 milhões.

20/10/2020 - Coronavac terá mais de 90% de eficácia, afirmam integrantes do governo paulista https://www.cnnbrasil.com.br/saude/2020/12/20/coronavac-tera-mais-de-90-de-eficacia-afirmam-integrantes-do-governo

24/10/2020 - Não esperamos 90% de eficácia da Coronavac’, diz secretário de saúde de SP https://www.cnnbrasil.com.br/saude/2020/12/24/nao-esperamos-90-de-eficacia-da-coronavac-diz-secretario-de-saude-de-sp

07/01/2021 - Vacina do Butantan: eficácia é de 78% em casos leves e 100% em graves https://www.cnnbrasil.com.br/saude/2021/01/07/vacina-do-butantan-eficacia-e-de-78-em-casos-leves-e-100-em-graves

09/01/2021 - Não é hora de sermos tão cientistas como estamos sendo agora https://g1.globo.com/sp/sao-paulo/video/nao-e-hora-de-sermos-tao-cientistas-como-estamos-sendo-agora-diz-secretario-de-saude-de-sp-9166405.ghtml

10/01/2021 - Dados da Coronavac relatados à Anvisa não estão claros, diz médico https://www.cnnbrasil.com.br/saude/2021/01/10/dados-da-coronavac-relatados-a-anvisa-nao-estao-claros-diz-medico

"O diretor do Laboratório de Imunologia do Incor, Jorge Kalil, reforçou que faltaram informações sobre a Coronavac nos dados divulgados à Anvisa"

12/01/2021 - New Brazil data shows disappointing 50,4% efficacy for China’s Coronavac vaccine [Novos dados do Brasil mostram eficácia decepcionante de 50,4% para a vacina CoronaVac da China] https://www.reuters.com/article/us-health-coronavirus-brazil-coronavirus/new-brazil-data-shows-disappointing-504-efficacy-for-chinas-coronavac-vaccine-idUSKBN29H2CE

13/01/2021 - Eficácia da Coronavac: 50,38%, 78% ou 100%? https://blogs.oglobo.globo.com/lauro-jardim/post/5038-78-ou-100.html

“De acordo com interlocutores que participaram tanto do anúncio de ontem como da semana passada, quem pressionou para que os dados de 78% e 100% fossem liberados foi João Dória.”

07/05/2021 - Covid-19: Doria toma primeira dose da vacina CoronaVac https://veja.abril.com.br/saude/covid-19-doria-toma-primeira-dose-da-vacina-coronavac/

04/06/2021 - Doria é vacinado com a segunda dose da CoronaVac em São Paulo https://noticias.uol.com.br/politica/ultimas-noticias/2021/06/04/doria-e-vacinado-com-a-segunda-dose-da-coronavac-em-sao-paulo.htm

15/07/2021 - Doria testa positivo para a Covid-19 pela 2ª vez https://www.correiobraziliense.com.br/politica/2021/07/4937833-doria-testa-positivo-para-covid-19-pela-segunda-vez.html

"Governador de São Paulo já havia sido diagnosticado com a doença no ano passado. Ele diz que, apesar da infecção, se sente bem, o que atribui ao fato de ter sido vacinado com duas doses da Coronavac"

06/08/2021 - CPI recebe investigação contra Doria por compra de máscara sem licitação https://www.conexaopoder.com.br/nacional/cpi-recebe-investigacao-contra-doria-por-compra-de-mascara-sem-licitacao/150827

"Empresa teria usado o nome de Alexandre Frota para vender máscaras ao governo de SP. Doria nega informação"

Renan Filho

(filho do Renan Calheiros)

25/07/2019 - Governador Renan Filho vai à China em busca de investimentos para o estado https://www.tnh1.com.br/videos/vid/governador-renan-filho-vai-a-china-em-busca-de-investimentos-para-o-estado/

20/03/2020 - Governadores do NE consultam China e pedem material para tratar covid-19 https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2020/03/20/governadores-do-ne-consultam-china-e-pedem-material-para-tratar-covid-19.htm

---

5. Narrativas, restrições e proibições

17/12/2020 - STF decide que vacina contra a covid pode ser obrigatória, mas não forçada https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2020/12/17/stf-julga-vacinacao-obrigatoria.htm?cmpid=copiaecola

"O STF (Supremo Tribunal Federal) decidiu, em julgamento hoje, que o Estado pode determinar a obrigatoriedade da vacinação contra a covid-19. Porém fica proibido o uso da força para exigir a vacinação, ainda que possam ser aplicadas restrições a direitos de quem recusar a imunização.

Dez ministros foram favoráveis a obrigatoriedade da vacinação, que poderá ser determinada pelo governo federal, estados ou municípios. As penalidades a quem não cumprir a obrigação deverão ser definidas em lei."

27/07/2021 - Saiba que países estão adotando 'passaporte da vacina' para suspender restrições https://www.cnnbrasil.com.br/internacional/2021/07/27/saiba-que-paises-estao-adotando-passaporte-da-vacina-para-suspender-restricoes

" - Israel - Uniao Europeia - Áustria - Dinamarca - Eslovênia - França - Grécia - Irlanda - Itália - Letônia - Lituânia - Luxemburgo - Holanda - Portugal - Japão - Coreia do sul"

18/06/2021 - O que é o passaporte da vacina que Bolsonaro quer vetar? https://noticias.uol.com.br/politica/ultimas-noticias/2021/06/18/uol-explica-o-que-e-o-passaporte-da-vacina-que-opoe-bolsonaro-e-damares.htm

"O Brasil poderá ter um certificado de imunização futuramente. Aprovado no Senado na semana passada, o "passaporte da vacina", como é chamado, prevê identificar pessoas vacinadas para que entrem em locais públicos ou privados com possíveis restrições."

---

6. Vacinas

Alegações iniciais

• CoronaVac, Oxford e Pfizer: veja diferenças entre as vacinas contra covid noticias.uol.com.br/saude/ultimas-noticias/redacao/2021/05/11/diferencas-vacinas-covid-brasil.htm

" - CoronaVac (Butantan/Sinovac - Chinesa) Com virus inativo 50,38% de eficácia 2 doses

• Covishield - 'AstraZeneca' (Fiocruz/Astrazenica/Oxford - Britânica) Com virus não replicante 67% de eficácia 2 doses

• ComiRNAty - 'Pfizer' (Pfizer - Americana / BioNTech - Alemã) Com RNA mensageiro 96% de eficácia 2 doses"

Riscos diretos

15/06/2021 - Trombose após vacinação com AstraZeneca: Quais os sintomas e como se deve atuar? https://www.istoedinheiro.com.br/trombose-apos-vacinacao-com-astrazeneca-quais-os-sintomas-e-como-se-deve-atuar/

"Agências europeias estão reticentes com a vacina da AstraZeneca. Ela chegou a ser desaconselhada a pessoas com idade inferior a 60 anos, e um alto funcionário da Agência Europeia de Medicamentos declarou que era melhor deixar de administrar a vacina deste laboratório em qualquer idade quando há alternativas disponíveis, devido aos relatos de trombose após a primeira dose, apesar de raros."

11/05/2021 - CoronaVac, Oxford e Pfizer: veja diferenças entre as vacinas contra covid https://noticias.uol.com.br/saude/ultimas-noticias/redacao/2021/05/11/diferencas-vacinas-covid-brasil.htm

"Na terça-feira (12), o Ministério da Saúde determinou a suspensão da aplicação da vacina de Oxford/AstraZeneca para gestantes e puérperas com comorbidades. A decisão segue recomendação da Anvisa, que apura a morte de uma grávida de 35 anos que tomou o imunizante e teve um AVC (acidente vascular cerebral)."

30/07/2021 - Pfizer representa o mesmo risco de trombose que a Astrazeneca, aponta levantamento https://panoramafarmaceutico.com.br/pfizer-representa-o-mesmo-risco-de-trombose-que-a-astrazeneca-aponta-levantamento/

---

7. CRIMES

Crimes da Pfizer

18/11/2020 Não listado no google - Os Crimes documentados da produtora de vacinas de Covid - Pfizer [INGLÊS] https://www.dmlawfirm.com/crimes-of-covid-vaccine-maker-pfizer-well-documented/

"A velocidade com que a vacina Covid da Pfizer foi produzida, a ausência de estudos em animais, testes de controle randomizados e outros testes e procedimentos padrão usuais para um novo medicamento são, no mínimo, preocupantes. Além disso, todos os fabricantes de vacinas Covid receberam imunidade legal para quaisquer ferimentos ou mortes que possam causar. Se essas vacinas são tão seguras quanto promovidas, por que seus fabricantes precisam de imunidade geral?"

"A Pfizer, uma empresa farmacêutica que parece ter ganhado na loteria para produzir a primeira vacina Covid-19, está atualmente lutando contra centenas de ações judiciais sobre o Zantac, um popular medicamento contra azia. Os processos da Zantac afirmam que a droga popular pode estar contaminada com uma substância cancerígena chamada N-nitrosodimetilamina (NDMA). Os processos Zantac são em aberto e em andamento, já que a farmacêutica está lutando contra eles; mas a Pfizer, sabemos, cometeu vários crimes ou transgressões pelos quais foi punida nos últimos anos. As falhas da empresa estão bem documentadas e vale a pena revisá-las neste momento crítico da história da humanidade, enquanto todos nós buscamos respostas."

A Pfizer recebeu a maior multa da história dos Estados Unidos como parte de um acordo judicial de US $ 2,3 bilhões com promotores federais por promover medicamentos erroneamente (Bextra, Celebrex) e pagar propinas a médicos complacentes. A Pfizer se confessou culpada de falsificar a marca do analgésico Bextra, promovendo o medicamento para usos para os quais não foi aprovado.

Na década de 1990, a Pfizer estava envolvida em válvulas cardíacas defeituosas que causaram a morte de mais de 100 pessoas. A Pfizer enganou deliberadamente os reguladores sobre os perigos. A empresa concordou em pagar US $ 10,75 milhões para acertar as acusações do departamento de justiça por enganar reguladores.

A Pfizer pagou mais de US $ 60 milhões para resolver um processo sobre o Rezulin, um medicamento para diabetes que causou a morte de pacientes de insuficiência hepática aguda.

No Reino Unido, a Pfizer foi multada em quase € 90 milhões por sobrecarregar o NHS, o Serviço Nacional de Saúde. A Pfizer cobrou do contribuinte um adicional de € 48 milhões por ano, pelo que deveria custar € 2 milhões por ano.

A Pfizer concordou em pagar US $ 430 milhões em 2004 para resolver acusações criminais de que havia subornado médicos para prescrever seu medicamento para epilepsia Neurontin para indicações para as quais não foi aprovado. Em 2011, um júri concluiu que a Pfizer cometeu fraude em sua comercialização do medicamento Neurontin. A Pfizer concordou em pagar $ 142,1 milhões para liquidar as despesas.

A Pfizer revelou que pagou quase 4.500 médicos e outros profissionais médicos cerca de US $ 20 milhões por falar em nome da Pfizer.

Em 2012, a Comissão de Valores Mobiliários dos Estados Unidos - anunciou que havia chegado a um acordo de US $ 45 milhões com a Pfizer para resolver acusações de que suas subsidiárias haviam subornado médicos e outros profissionais de saúde no exterior para aumentar as vendas no exterior.

A Pfizer foi processada em um tribunal federal dos Estados Unidos por usar crianças nigerianas como cobaias humanas, sem o consentimento dos pais das crianças. A Pfizer pagou US $ 75 milhões para entrar em acordo no tribunal nigeriano pelo uso de um antibiótico experimental, o Trovan, nas crianças. A empresa pagou um valor adicional não divulgado nos Estados Unidos para liquidar as despesas aqui. A Pfizer violou o direito internacional, incluindo a Convenção de Nuremberg estabelecida após a Segunda Guerra Mundial, devido aos experimentos nazistas em prisioneiros relutantes.

Em meio a críticas generalizadas de roubar os países pobres em busca de drogas, a Pfizer prometeu dar US $ 50 milhões para um medicamento para a AIDS para a África do Sul. Mais tarde, no entanto, a Pfizer falhou em honrar essa promessa.

• Pfizer contract leaked! [Contrato da Pfizer vazado] http://sanjeev.sabhlokcity.com/Misc/LEXO-KONTRATEN-E-PLOTE.pdf

Segundo o contrato "o produto não deve ser serializado":

"5.5 Reconhecimento do comprador.

O Comprador reconhece que a Vacina e os materiais relacionados à Vacina, e seus componentes e materiais constituintes estão sendo desenvolvidos rapidamente devido às circunstâncias de emergência da pandemia de COVID-19 e continuarão a ser estudados após o fornecimento da Vacina ao Comprador nos termos deste Contrato. O Comprador reconhece ainda que os efeitos de longo prazo e eficácia da Vacina não são atualmente conhecidos e que pode haver efeitos adversos da Vacina que não são atualmente conhecidos. Além disso, na medida do aplicável, o Comprador reconhece que o Produto não deve ser serializado."

Crimes da AstraZeneca

21/06/2003 - AstraZeneca se declara culpada no esquema de médico de câncer https://www.nytimes.com/2003/06/21/business/astrazeneca-pleads-guilty-in-cancer-medicine-scheme.html

"A AstraZeneca, a grande empresa farmacêutica, se declarou culpada hoje de uma acusação de crime de fraude no sistema de saúde e concordou em pagar $ 355 milhões para resolver as acusações criminais e civis de que se envolveu em um esquema nacional para comercializar ilegalmente um medicamento contra o câncer de próstata.

O governo disse que os funcionários da empresa deram incentivos financeiros ilegais a cerca de 400 médicos em todo o país para persuadi-los a prescrever o medicamento Zoladex. Esses incentivos incluíram milhares de amostras grátis de Zoladex [...]"

27/04/2010 - Farmacêutica gigante AstraZeneca pagará US $ 520 milhões pelo marketing de medicamentos off-label https://www.justice.gov/opa/pr/pharmaceutical-giant-astrazeneca-pay-520-million-label-drug-marketing

"AstraZeneca LP e AstraZeneca Pharmaceuticals LP vão pagar $ 520 milhões para resolver as alegações de que a AstraZeneca comercializou ilegalmente o medicamento antipsicótico Seroquel para usos não aprovados como seguros e eficazes pela Food and Drug Administration (FDA), os Departamentos de Justiça e Saúde e Serviços Humanos A Equipe de Ação de Fiscalização de Fraudes em Saúde (HEAT) anunciou hoje. Esses usos não aprovados também são conhecidos como usos "off-label" porque não estão incluídos no rótulo do medicamento aprovado pela FDA."

• List of largest pharmaceutical settlements [Lista dos maiores acordos farmaceuticos] https://en.m.wikipedia.org/wiki/List_of_largest_pharmaceutical_settlements

---

8. CIENTISTAS

• Máscara Provoca Insuficiência Respiratória E Contaminação Microbiana… [Canal deletado] https://youtube.com/watch?v=eHu-pydSvDI

Não lembro mais a quem pertencia, mas provavelmente era de um médico falando do assunto. Creio ter sido do Dr. Paulo Sato, por essa temática ter sido abordada por ele, mas ao abrir o site aparece somente:

"Este vídeo foi removido por violar as diretrizes da comunidade do YouTube"

Dr. Paulo Sato

• USAR ou NÃO USAR a CUECA do seu governador no rosto https://fb.watch/7NPP_7rS5S/ https://www.facebook.com/AdoniasSoaresBR/videos/1347904292291481/ Adonias Soares entrevista ao Dr. Paulo Sato sobre as máscaras, em que é simulado o efeito da respiração prolongada das máscaras no organismo com o uso de águas de torneira, natural, gaseificada (com gás carbônico) e antioxidante, em que a com gás carbônico (PH 4 - Ácido) representa o organismo humano, e na prática representa lesão corporal e iniciação de doenças.

Dr. Kary Mullis

(Criador do teste PCR)

• PCR nas palavras do seu inventor - Dr. Kary Mullis (legendado) https://www.youtube.com/watch?v=W1O52uTygk8

"Qualquer um pode testar positivo para quase qualquer coisa com um teste de PCR, se você executá-lo por tempo suficiente… Com PCR, se voce fizer isso bem, você pode encontrar quase tudo em qualquer pessoa… Isso não te diz que você está doente."

• Kary Mullis DESTRUYE a Anthony Fauci lbry://@CapitalistChile#0/Kary-Mullis---Fauci#5

"Ele [...] não entende de medicina e não deveria estar onde está. A maioria dos que estão acima são só administrativos e não têm nem ideia do que ocorre aqui em baixo e essas pessoas tem uma agenda que não é a que gostaríamos que tivessem, dado que somos nós os que pagamos a eles para que cuidem da nossa saúde. Têm uma agenda pessoal."

Dra. Li-Meng Yan

• Dra. Li-Meng Yan: O vírus foi criado em laboratório com um objetivo: Causar dano. https://youtu.be/pSXp3CZnvOc

Dr. Joe Roseman

• Cientista Phd Dr Joe Roseman faz seríssimas advertencias sobre a picada https://youtu.be/0PIXVFqJ_h8

Dr. Robert Malone

• As vacinas podem estar causando ADE - Dr. Robert Malone https://odysee.com/@AkashaComunidad:f/Las_vacunas_pueden_estar_causando_ADE_magnificaci%C3%B3n_mediada_por:f lbry://@Información.#b/Drrm#9

Dr. Robert Malone, um dos três inventores da tecnologia de RNAm que se usa de forma farmacêutica. No vídeo fala sobre os efeitos de ADE (realce dependente de anticorpos) que estão ocorrendo com as vacinas. Nas palavras do Dr. Malone, já não é somente uma hipótese, mas baseada nos conhecimentos gerados nas provas e ensaios pré clínicos, com as vacinas contra o primeiro vírus da SARS.

Dr. Luc Montagnier

• Dr. Luc Montagnier, virologista, prêmio Nobel de medicina, um dos descobridores do vírus HIV, afirma: "a vacinação em massa está criando as novas variantes' (@medicospelavida , telegram)

CASOS DOCUMENTADOS

13/09/2021 - 13 de setembro de 2021 - Carta aberta ao Ministro da Saúde por Arlene Ferrari Graf, mãe de Bruno Oscar Graf https://telegra.ph/Carta-aberta-ao-Ministro-da-Sa%C3%BAde-09-13

Também em: Gazeta do Povo

O texto de uma mãe discorrendo sobre o filho dela, Bruno Oscar Graf, ter ANTI-HEPARINA PF4 AUTO-IMUNE e ter vindo a falecer por reação à vacina.

11/05/2021 - Rio notifica morte de grávida vacinada com imunizante Oxford https://www.terra.com.br/noticias/coronavirus/rio-notifica-morte-de-gravida-vacinada-com-imunizante-oxford,415b9b0c49169427ac2f90ae3765c057e9suy3qn.html

"Vítima não apresentava histórico de doença circulatória nem sofria de nenhuma doença viral; relação será investigada"

13/08/2021 - Cruzeiro com 4.336 pessoas tem 27 contaminados com Covid-19 em Belize https://paranaportal.uol.com.br/geral/cruzeiro-com-4-336-pessoas-tem-27-contaminados-com-covid-19-em-belize/amp/

"Segundo um comunicado do Conselho de Turismo de Belize emitido na quarta-feira (11), 26 contaminados são da tripulação e um é passageiro. A maioria é assintomática e os 27 estão vacinados."

---

9. ALEGAÇÕES DIRETAS

09/2021 - Setembro de 2021 - BOMBA: Ex-membro do Partido Comunista da China revela que o primeiro surto da Covid foi “intencional” https://terrabrasilnoticias.com/2021/09/bomba-ex-membro-do-partido-comunista-da-china-revela-que-o-primeiro-surto-da-covid-foi-intencional/

01/03/2023 - 1 de Março de 2023 - O chefe do FBI, Christopher Wray, diz que vazamento de laboratório na China é muito provável https://www.bbc.com/news/world-us-canada-64806903

26/12/2024 - 26 de Dezembro 2024 - FBI ‘não tem permissão para informar Biden’ sobre a teoria de vazamento de laboratório da Covid https://www.thetimes.com/world/us-world/article/fbi-not-allowed-to-brief-biden-on-covid-lab-leak-theory-8df9mr997

O FBI concluiu com "confiança moderada" que a COVID-19 pode ter sido criada em laboratório, com base em parte na análise genômica conduzida por cientistas do Centro Nacional de Inteligência Médica.

@ 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.

@ 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.

@ 5627e59c:d484729e

I am the space\ In which your experience takes place

You could never meet me\ For I hold no identity

The only way to really see me\ Is to be me

@ 0b118e40:4edc09cb

The idea of Bitcoin as an internet native currency, and eventually a global one, is coming to life slowly. But historically, the idea of global currency has haunted the world’s financial imagination for nearly a century. 

From Keynes’s Bancor in 1944 to Zhou Xiaochuan’s post-crisis proposal in 2009 to today’s renewed debates, the idea resurfaces every time the global economy fractures. 

Could this time be different with Bitcoin? 

I decided to trace the idea of global currency through several decades and books. I may have missed some parts, so feel free to add. I’ll keep this brief and leave the books I’ve read below.

In the beginning

It all started on July 1, 1944. 730 delegates from 44 Allied nations, including major powers like the US, UK, Soviet Union, China, and France, gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. They spent 2 weeks figuring out how the new international monetary and financial system would be, post WW2

After WW1, the treaty of Versailles was needed, but imposed harsh reparations that devastated economies and contributed to the rise of fascism, such as Hitler, Mussolini and gang. 

So when folks met up in 1944 (WW2 was almost ending), the goal was to prevent another Great Depression, another global conflict and build a stable global economic order. 

2 main proposals were discussed in Bretton Woods. 

1. John Maynard Keynes, representing the UK, proposed the creation of a global currency called Bancor. It will be issued through a global central bank known as the International Clearing Union (ICU).

2. Harry Dexter White, representing the US, promoted a dollar-based system. Countries would peg their currencies to the US. dollar backed by gold. He also led the creation of the IMF and the World Bank.

To understand how both of these proposals work, let's look at an example.

• Country A (Germany): Massive exporter

• Country B (USA): Massive importer

• Country C (Brazil): Balanced trade (imports = exports)

***Based on Dexter’s model and the current USD-based system, ***

Say Germany sells $1B worth of cars to the US. The US  pays in dollars, increasing its trade deficit. Germany accumulates dollars as reserves or buys the US Treasury bonds. Over time, the US continues running trade deficits, while Germany keeps hoarding dollars. Hence the  unsustainable debt of the US. 

***In Keynes’s Bancor system, ***

If Germany sells $1B worth of cars to the US, then the US does not pay in dollars. Instead, the ICU credits Germany with 1B Bancors and debits the US with -1B Bancors. 

The ICU police this. If Germany exceeds the surplus threshold, it pays interest or penalties to discourage hoarding. If the US exceeds its deficit threshold, it is warned to rebalance trade or face restrictions.

Here, Germany is incentivized to import more (e.g., from Brazil) or invest in global development. The US is encouraged to export more or reduce consumption. Brazil, with balanced trade, enjoys stability in Bancor flows and avoids pressure.

The idea behind Bancor was a zero-sum balancing act. No country could become “too big to fail” due to excessive deficits. But it was too complicated and idealistic in assuming every country could maintain balanced trade. 

Dexter on the other hand had a few tricks up his sleeve. In the end, Dexter’s USD dominance proposal was adopted. 

The Bretton Woods system established the US dollar as the central global currency 

Why did dollar dominance win over Bancor?

Simplicity often wins over complexity. But more so ICU felt too centralized, asking nations to surrender economic autonomy to a global body. That didn’t sit well in a post-war world where sovereignty was non-negotiable. That and idealist economic trade balance views. 

Dexter’s dollar-based system on the other hand wasn’t fair play at all. It was centralized and authoritarian in its design. 

So how did Dexter pull it off?

They had gold. They were ahead in economic recovery.

And they had nuclear weapons. 

At the time, the US held nearly 2/3 of the world’s gold reserves. It was a significant advantage in advocating for a gold-backed dollar as the bedrock of global trade. 

The US proposed a fixed gold peg at $35 per ounce.

From a broader geopolitical backdrop, the global population in 1944 was about 2.3 billion, a fraction of today’s 8 billion. The world was far less interconnected. The war had devastated Europe, Russia, and much of Asia. Infrastructure, economies, and entire cities were in ruins. The US, by contrast, had faced far fewer casualties and damages. Being geographically isolated, it had minimal domestic losses, around a tenth of what Europe suffered, and its economy was poised to rebuild faster. 

But gold dominance and economic recovery alone didn’t secure US financial dominance.

American scientific breakthroughs had already signaled global power. Physicists like Leo Szilard and Albert Einstein, who had fled Europe, helped develop nuclear weapons. Their intent was deterrence, not destruction. But once the bomb existed, it changed geopolitics overnight. The US had military dominance. And after Hiroshima and Nagasaki in 1945, it became the undisputed superpower. 

In the end, the USD won and the vision for neutral global currency faded. 

And 20 years passed on…

France sends its warship to the US

Under Bretton Woods, countries could exchange dollars for gold, but the US had been printing more dollars than it had gold to back it. And it used it to fund the costly Vietnam War and domestic programs like the Great Society under LBJ. 

Belgian-American economist Robert Triffin pointed out a fatal flaw in the Bretton Woods system that came to be known as the Triffin dilemma. 

• The world needed US dollars for liquidity and trade.

• But the more dollars the US pumped out, the less credible its gold promise became.

Yet the US kept promising that every dollar was still convertible to gold at $35 per ounce.

French President Charles de Gaulle saw this as financial imperialism. He called it the  “exorbitant privileged position”. The world had to pay for what they bought with the money they have, but not the US. 

So in 1965, France did something unexpected. It sent a warship to New York Harbor to physically retrieve French gold reserves held by the Federal Reserve. 

Would it have escalated to war? Maybe. But likely not. It was perhaps more of a diplomatic theatre and a sovereign flex. France was exercising its right under the Bretton Woods agreement to convert dollars into gold. But doing it with military formality was to send a signal to the world that they don’t trust the US system anymore.

It was one of the first major public blows to the dollar’s credibility. And France wasn’t alone. Other countries like West Germany and Switzerland followed suit, redeeming dollars for gold and draining US reserves.

The Nixon shock

Given they did not have enough gold, the IMF introduced Special Drawing Rights (SDRs) in 1969. SDRs were an international reserve asset, created to supplement gold and dollar reserves. Instead of relying solely on the US dollar, SDRs were based on a basket of major currencies (originally gold-backed but later diversified).

The idea was to reduce the world’s dependence on the dollar and avoid a liquidity crisis. But SDRs were a little too late and a little too weak to solve the underlying problem.

By 1971, the US could no longer sustain the illusion. President Nixon “closed the gold window,” suspending dollar convertibility to gold. 

The Bretton Woods collapsed and this marked the beginning of fiat money dominance.

The French pursuit

While France demanded justice in one corner of the world, the French franc, specifically the CFA franc, has been dominant in parts of Africa since 1945, long before 1971.

After WWII, France created two CFA franc zones:

• West Africa: Communauté Financière Africaine (XOF)

• Central Africa: Coopération Financière en Afrique Centrale (XAF)

These zones included 14 African countries, many of which were former French colonies. France maintained monetary control via currency convertibility guarantees and representation in African central banks. Till today it has influence over these country’s monetary policy.

Colonisation hasn't ended in some parts of the world. 

Did countries stop using the USD after the Nixon shock 1971?

Nope. The US dollar was no longer convertible to gold and it dismantled the fixed exchange rate system. But most countries did not stop using the USD as their dominant reserve or trade currency. There were no decent alternatives. Instead, they floated their currencies or maintained a soft peg to the dollar or a basket of currencies. 

The USD remained dominant in oil trade (OPEC priced oil in USD) - petrodollar deal, global debt markets and FX reserves (central banks kept holding USD). 

In 1997, when many Southeast Asian countries were still pegged to the USD, Soros claimed that SEA will tank. The US further increased its credit rates leading to capital flight and eventual tanking of these countries leading to Asian Financial Crisis '97. Many financial crisis has similar vibe.

The 1999 Euro launch

The idea of a shared currency appeared again, this time through the forms of Euro. It was a mandatory system for member states of the Eurozone, and came with centralized authority, the European Central Bank (ECB), which controlled monetary policy for all participating nations.

At first glance, the euro seemed like a win. It eliminated exchange rate fluctuations, making trade within the Eurozone smoother. It gave weaker economies access to lower borrowing costs and helped Europe establish itself as a financial heavyweight. Today, the euro is the second most-used reserve currency after the US dollar.

But it came at a cost. Countries that adopted the euro lost monetary sovereignty and could no longer print their own money or adjust interest rates to respond to local crises. This became painfully clear during Greece’s debt crisis, where strict monetary policies prevented the country from devaluing its currency to recover. The one-size-fits-all approach meant that economies as different as Germany and Greece had to follow the same rules, often to the detriment of weaker nations. Debt-ridden countries like Italy and Spain were forced into harsh austerity measures because they could not manipulate their currency to ease financial strain. Meanwhile, richer nations like Germany and the Netherlands felt they were unfairly propping up struggling economies, creating political tension across the EU.

In recent years, the euro has faced pressure from global trade tensions, monetary tightening, and geopolitical instability contributing to market volatility and periodic depreciation against other major currencies.

The Bretton Woods 2.0

Believe it or not, after all that, there was a call for Bretton Woods 2.0. Yet another global currency dream.

When the housing market collapsed in 2008 followed by a series of domino effects, global banks froze lending, economies contracted, and panic set in. The crisis exposed how fragile the international financial system had become as it was overly reliant on debt, under-regulated, and centered around the US dollar.

Many countries, especially in the Global South and emerging markets, started to question whether a system built around a single national currency was sustainable. 

China, for instance, had been holding huge amounts of US debt while the US printed more dollars through bailouts and quantitative easing. This created global imbalances as exporting nations were lending money to the US to keep the system running, while taking on the risk of dollar depreciation. 

In 2009, China’s central bank openly proposed replacing the US dollar with a neutral global reserve currency suggesting SDRs (Special Drawing Rights) issued by the IMF instead.

These concerns led to a wave of calls from world leaders for a “Bretton Woods 2.0” ,  a modern rethinking of the post-WWII economic order. At G20 summits in London in 2009, countries like France, China, and Russia pushed for reforms in global financial institutions and more balanced power sharing. 

In the end, the IMF received more funding, and some banking regulations were tightened in the years after. But no real overhaul happened. No surprise there? The dollar remained dominant. 

The foundation of the global economy didn’t change, even though trust in it had been deeply shaken.

The growth of BRICS

In 2023, Brazil, Russia, India, China, and South Africa began discussing the idea of a shared currency or alternative mechanism to reduce the dependence on USD ie de-dollarisation. The sanctions on Russia didn't help. After Russia’s invasion of Ukraine, the US and its allies froze Russia’s dollar reserves and cut it off from SWIFT, the “backbone of global banking communication”. This made one thing clear. If you fall out with Washington, your access to the global economy can vanish overnight.

China’s growing economic power also gave it more leverage to process alternative options. It would trade in Yuan with Russia and Iran.

I know many still say it's at its early stage, but I see many countries hedging their bets quietly and aligning with Putin and Xi. It became more obvious after US imposed tariffs on multiple nations, signaling that economic tools can double as political weapons. The world’s second financial system is slowly forming.

What is the world looking for, for the last century ?

For the last 80 years, from Bretton Woods to multiple financial crises, from the birth of the Euro to the rise of BRICS, through war and peace, we’ve been circling around the same ideal. A global currency that is :

1. Simple 

2. Free from dominant power 

3. Decentralised

4. Borderless

5. Scarce 

6. Transparent 

7. Inclusive, with self custody

8. Resilient in crisis 

9. Built for individual financial sovereignty

10. A new backbone for global finance, owned by no one

It doesn’t matter where you’re from, what politics you believe in, or how your economy leans. The answer keeps pointing in the same direction:

Bitcoin

This is the first true global currency.

And it’s just there 

Waiting...

.

.

.

---

Some books that might interest you :

1. The Battle of Bretton Woods by Benn Steil

2. Goodbye, Great Britain by Kathleen Burk and Alec Cairncross

3. The Ghost of Bancor by Tommaso Padoa-Schioppa

4. Confessions of an Economic Hitman by John Perkins

5. The Blood Bankers by James S. Henry

@ a296b972:e5a7a2e8

Wie schon gewohnt durch die Empfänge von Baerbock und von der Leyen im Ausland, in Washington ein Empfang etwas oberhalb der 1. Class, von Staatsempfang keine Spur. Passt eigentlich auch nicht für den 51. Bundesstaat der USA. Aber immerhin flog die „Bundesrepublik Deutschland“ ohne Pannen, das ist ja auch schon mal was. Und bei solch einem erfahrenen Chef-Co-Piloten an Bord, der auch mal schnell einspringen könnte, sozusagen als 2. Wahl, kann eigentlich gar nichts mehr schief gehen. Vielleicht hat Fritzchen den Kapitän auch gefragt, ob er auch mal ans Steuer darf, wenn sich die Gelegenheit schon bietet.

Im Gepäck die eingerahmte Geburtsurkunde von Großvater Trump. Als ob Donald die sich nicht selbst besorgen könnte, wenn er Interesse daran hätte. Vielleicht hat er sie auch schon.

Die Übergabe, kurz und schmerzlos. Sie erinnert an einen Sketch von Loriot, „Weihnachten bei Hoppenstedts“:…oh, eine Krawatte! Der versprochene Ehrenplatz wird sich vermutlich in einer der unteren Etagen des Weißen Hauses befinden.

Man muss auch erst einmal darauf kommen, so typisch deutsch: Eine Geburtsurkunde als Geschenk. Das könnte man auch als einen Wink mit dem Zaunpfahl ansehen: Erinnere Dich an Deine deutschen Wurzeln (und lass uns gefälligst nicht fallen?).

Jetzt zur Einschätzung des Treffens: Vorfahrt mit frisch gewaschenem Auto, Schwarz-Rot-Gold vorne am Kotflügel, wie es sich gehört, Schwarz-Rot-Gold am Eingang. Ganz schön rechts. Warum eigentlich nicht die Regenbogenfahne?

Begrüßung durch Trump auf Nachfrage eines Reporters: „I love the People of Germany.“

Und Merz nutzt die Gelegenheit sich in Biedermeier-Style einzuschmeicheln: „And I love the People of America.“

Und Trump erwidert: „That‘s good!“

In welcher Atmosphäre findet das Treffen statt?

Trump hat ein Elefantengedächtnis. Er weiß um die abwertenden, diplomatiefreien Aussagen, die Merz über ihn gemacht hat. Er weiß, dass Merz ihn mehrfach persönlich beleidigend angegriffen hat. Als Präsident der USA steht man darüber. Aber man weiß es! Trump ist sich darüber im Klaren, mit welcher Geisteshaltung er es bei Merz zu tun hat.

Vor dem Hintergrund passt seine Aussage zur Presse: „Ich liebe die Deutschen.“ Das ist eine demokratische und höfliche Sympathiebekundung gegenüber der deutschen Bevölkerung, die Merz zwar miteinschließt, aber nicht direkt an ihn gerichtet ist.

Trump begrüßt Merz mit Handschlag, begrüßt aber eigentlich nicht den Kanzler, sondern die Deutschen.

Andererseits darf der Äußerung „Ich liebe die Deutschen“ auch nicht zu viel Bedeutung beigemessen werden, denn die Amerikaner sind ja dafür bekannt, dass sie gerne und schnell alles lieben: I love America, I love Coca-Cola, I love Peanuts und eben auch I love the People of Germany.

Merz nutzt gleich die Gelegenheit, sich anzubiedern, in dem er pariert: „Und ich liebe die Amerikaner.“, worauf Trump antwortet: „That’s good!“ Das kann man übersetzen mit „Das ist gut!“, aber auch mit „Das ist auch gut so!“, bei letzterem wäre es eine versteckte Drohung. Mach Dir bewusst, wo Du bist und mit wem Du es zu tun hast und verhalte Dich danach!

Nonverbal wird dem sonst in Deutschland so eloquent wirken wollenden, akzentuiert sprechenden Merz die Bedeutung zugedacht, die ihm aus Sicht von Trump gebührt. In Frankfurt heißen sie Wiener, in Wien heißen sie Frankfurter.

Somit sind die Voraussetzungen, unter denen das Treffen stattfinden soll, schon einmal von amerikanischer Seite aus geklärt.

Du bist hier Gast in meinem Haus, also benimm Dich auch entsprechend! Ich bin der Präsident der Vereinigten Staaten von Amerika und Du bist klein Fritzchen aus dem Sauerland. Die Machtverhältnisse sind unausgesprochen geklärt.

Man hat in gewohnter Manier Platz genommen. Die Journalisten stellen Ihre Fragen ausschließlich an Trump. Zufall, oder Teil einer orchestrierten Aufführung, das wird man nie erfahren.

So oder so, die Journalisten signalisieren durch ihre Fragen an Trump, auf welcher Seite sie stehen, es weht der Geist von „America first“. Was Germany dazu zu sagen hat, interessiert niemanden, warum auch?

Die Einseitigkeit ist schon sehr auffällig. Eigentlich hätte es die Journalisten interessieren müssen, wie Deutschland zu verschiedenen Themen steht. Keine Fragen an Merz zu Zöllen, zur Ukraine, zur Meinungsfreiheit, zur Opposition. Mit dem Anspruch, ein breites Spektrum an Meinungen abbilden zu wollen, hat das eigentlich nichts zu tun. Wenn das die Vorstellung von „Freedom of Speach“ ist, dann können hier Zweifel aufkommen.

Falls diese Fragerunde in Hollywood-Manier gestaltet wurde, dann spräche das eher für Propaganda pro Trump. Wäre es Propaganda, dann wäre das Ziel allerdings erreicht worden: Kein Mensch interessiert sich für das, was Deutschland, vertreten durch Merz, zu sagen hat.

Trump setzt dem Ganzen zum Schluss noch die Krone auf, in dem er die Journalisten auffordert, nun endlich doch auch noch ein paar Fragen an Merz zu richten. Das unterstreicht nochmals das (geplante oder ungeplante) Desinteresse der anwesenden Journalisten, die sich nun fast schon genötigt fühlen, anstandshalber etwas zu fragen.

Merz, der bisher brav wie ein Schüler dem Lehrer zugehört hat, muss nun blitzschnell entscheiden, wie er die „künstlich“ hergestellte Möglichkeit nutzen kann, um, etwas unter Druck, durch die Kürze der Zeit, mit wenigen Worten seinen Standpunkt nach außen zu tragen. Seine konzentrierte Kernbotschaft, die Essenz, die Deutschland aus den USA und die übrige Welt hören soll, ist: Er steht weiter an der Seite der Ukraine und Russland ist ausschließlich das Böse.

Ganz schön raffiniert, denn so hat Trump es geschafft, das Konzentrat der Merz’schen Logik aus ihm herauszupressen.

Beide bekunden den Willen zum Frieden. Gleichzeitig wird jedoch auch klar, was jeder unter Frieden versteht: Merz will „Frieden durch Krieg“ und Trump will „Frieden durch Frieden“.

Auf rund 45 Minuten Trump kommen rund 4 Minuten Merz. Die Minuten drücken exakt die Machtverhältnisse aus.

Hätte Trump vorgehabt, Merz vorzuführen, ihm die Ohren langzuziehen, ihn bis auf die Knochen zu blamieren, er hätte reichlich Möglichkeiten dazu gehabt.

Er hätte Merz fragen können, warum er seinerzeit meinte, dass ihn, Trump, als Arschloch zu bezeichnen, noch gelinde sei. Er hätte ihn fragen können, warum er Trump als Gefahr für die Demokratie ansieht. Trump weiß darum, er hat es jedoch nicht angesprochen, was ist der Grund dafür?

Und Vance, der ebenfalls anwesend war, hätte seine Feststellungen zur Meinungsfreiheit und der „Fire-Wall“ gegen die Opposition, die er auf der Sicherheitskonferenz in München klar formuliert hat, wiederholen können, jetzt, wo doch der Kanzler, als erster Ansprechpartner für Deutschland, persönlich hätte gefragt werden können.

Beim Besuch von Selenskyj haben beide ja auch gewaltig gezeigt, wer hier das Sagen hat.

Nichts! Keine schallende Ohrfeige für Merz, doch nur Erdnussbutter auf’s Sandwich geschmiert. Kein „You don’t have the cards…“, was den Tatsachen entsprechen würde.

Auf politischer Ebene bleibt in den USA nichts, rein gar nichts dem Zufall überlassen. Je länger man darüber nachdenkt, desto klarer kann einem werden, dass das Treffen genau so geplant war, wie es sich abgespielt hat. Aber was genau ist der Plan, der dahintersteckt? Es gibt einen, dass ist so sicher, wie das Amen in der Kirche.

Sollen sich die Deutschen, vor allem die deutsche Politik in Sicherheit wiegen? Wenn das Teil eines Planes wäre, wäre er gelungen, denn in Deutschland wird der Besuch als gelungen und erfolgreich bewertet, aus welchen Gründen auch immer. Inzwischen ist Deutschland ja Weltmeister im Schönreden.

Spannend auch die Vorstellung, wenn man die Phantasie anregt, wie das Gespräch, im Fall Merz ein Monolog, verlaufen wäre, wenn die deutsche Opposition auf dem Stuhl von Merz gesessen hätte.

Es widerspräche der Realität, wenn nicht im Hintergrund ganz andere Ziele verfolgt und Absprachen getroffen würden. Welchen Einfluss auf das Treffen hat der bevorstehende NATO-Gipfel am 24. und 25. Juni 2025 in Den Haag?

Es drängt sich immer mehr der Verdacht auf, dass man es mit zwei Realitäten zu tun hat. Eine, die offiziell verkündet wird, und eine, die den Tatsachen entspricht, die aus welchen Gründen auch immer jedoch zunächst noch im Verborgenen bleibt. Ob das vielleicht sogar gut oder eher schlecht ist, wird die Zukunft zeigen. Klar ist jedoch, dass eine gesteuerte Realität in der Öffentlichkeit verbreitet werden soll, die man durchaus als Propaganda von allen Beteiligten bewerten kann. Da hackt eine Krähe der anderen kein Auge aus. Da heißt es wachsam bleiben und nicht der Versuchung zu erliegen, das zu glauben, was man gerne glauben möchte und von dem man sich wünscht, dass es eintritt.

„Bediene Dich Deines eigenen Verstandes.“ Das ist die Aufgabe der Zeit.

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

* *

(Bild von pixabay)

@ f0fd6902:a2fbaaab

https://stacker.news/items/1006238

@ 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)

@ 20e7c953:3b8bcb21

21… That number means something. A reminder that limits create value - both in Bitcoin and in life.

Every June 21st, skaters around the world remind us that freedom is something you make yourself - one push at a time only constrained by your own limitations.

This year in Vientiane, we’re proud to support one of the few real skate spots in Laos. A place built and held together by skaters for skaters.

Expect around 50 locals - from young kids to older heads - showing up not just to skate, but to hold space for each other. No ego, no filters, just boards, fun and respect.

Bircoiners have lots to learn from these communities on this regard. Go skate and you'll find out.

SnF

Laostr

Skateboardingisfun

Skate4Fun

Skatestr

@ 3eab247c:1d80aeed

Global Metrics

Here are the top stats from the last period:

• Total Bitcoin-accepting merchants: 15,306 → 16,284
• Recently verified (1y): 7,540 → 7,803 (the rest of our dataset is slowly rotting; help us before it's too late!)
• Avg. days since last verification: 398 → 405 (more mappers, please)
• Merchants boosted: 22 (for a total of 4,325 days, someone is feeling generous)
• Comments posted: 34

Find current stats over at the 👉 BTC Map Dashboard.

Merchant Adoption

Steak n’ Shake

The US 🇺🇸 is a massive country, yet its BTC Map footprint has been lagging relative to other countries ... that is until now!

In what came as a nice surprise to our Shadowy Supertaggers 🫠, the Steak ’n Shake chain began accepting Bitcoin payments across hundreds of its locations nationwide (with some international locations too).

According to CoinDesk, the rollout has been smooth, with users reporting seamless transactions powered by Speed.

This marks a significant step towards broader Bitcoin adoption in the US. Now to drop the capital gains tax on cheesburgers!

SPAR Switzerland

In other chain/franchise adoption news, the first SPAR supermarket in Switzerland 🇨🇭 to begin accepting Bitcoin was this one in Zug. It was quickly followed by this one in Rossrüti and this one in Kreuzlingen, in what is believed to be part of a wider roll-out plan within the country powered by DFX's Open CryptoPay.

That said, we believe the OG SPAR crown goes to SPAR City in Arnhem Bitcoin City!

New Features

Merchant Comments in the Web App

Web App users are now on par with Android users in that they can both see and make comments on merchants.

This is powered by our tweaked API that enables anyone to make a comment as long as they pass the satswall fee of 500 sats. This helps keep spam manageable and ensure quality comments.

And just in case you were wondering what the number count was on the merchant pins - yep, they're comments!

Here is an 👉 Example merchant page with comments.

Merchant Page Design Tweaks

To support the now trio of actions (Verify, Boost & Comment) on the merchant page, we've re-jigged the design a little to make things a little clearer.

What do you think?

Technical

Codebase Refactoring

Thanks to Hannes’s contributions, we’ve made progress in cleaning-up the Web App's codebase and completing long overdue maintenance. Whilst often thankless tasks, these caretaking activities help immensely with long-term maintainability enabling us to confidently build new features.

Auth System Upgrades

The old auth system was held together with duct tape and prayers, and we’re working on a more robust authentication system to support future public API access. Updates include:

• Password hashing
• Bearer token support
• Improved security practices

More enhancements are in progress and we'll update you in the next blog post.

Better API Documentation

Instead of relying on tribal knowledge, we're finally getting around to writing actual docs (with the help/hindrance of LLMs). The "move fast, break everything" era is over; now we move slightly slower and break slightly less. Progress!

Database Improvements

We use SQLite, which works well but it requires careful handling in async Rust environments. So now we're untangling this mess to avoid accidental blocking queries (and the ensuing dumpster fires).

Backup System Enhancements

BTC Map data comes in three layers of fragility:

• Merchants (backed up by OS - the big boys handle this)
• Non-OSM stuff (areas, users, etc. - currently stored on a napkin)
• External systems (Lightning node, submission tickets - pray to Satoshi)

We're now forcing two core members to backup everything, because redundancy is good.

Credits

Thanks to everyone who directly contributed to the project this period:

• Comino
• descubrebitcoin
• Hannes
• Igor Bubelov
• Nathan Day
• Rockedf
• Saunter
• SiriusBig
• vv01f

Support Us

There are many ways in which you can support us:

• Become a Shadowy Supertagger and help maintain your local area or pitch-in with the never-ending global effort.

• Consider a zapping this note or make a donation to the to the project here.

@ 3294129b:2a7654fa

📍 Satoshi House, Dubai 🗓️ June 21st, 2025 – 7:00 PM to 11:30 PM

⸻

Let’s Talk Bitcoin. Let’s Talk Freedom.

Bitcoin Minds is back and this time, we’re diving into the frontier of decentralized communication. No pizza this round, just powerful conversations, real connections, and ideas that matter.

This edition is all about Nostr, the open protocol that’s transforming how we connect, share, and build, side by side with Bitcoin.

Whether you’re a builder, a Bitcoiner, or just curious, this is your night to learn, share, and spark what’s next.

⸻

🎤 What to Expect:

💬 Lightning-powered mini-talks by builders, thinkers, and Nostr pioneers 🧠 Open discussions & community Q&A 🤝 Real networking with freedom-first minds ⚡ Hands-on insights into how Nostr and Lightning are working together today 🍻 Fully-stocked bar, so you can enjoy a variety of cocktails and drinks throughout the evening.

⸻

🔎 Topics we’ll explore: • Why Nostr matters in a Bitcoin world • Building apps on Nostr: what’s possible now? • Identity & reputation without KYC • Zaps, tips & micropayments with Lightning • Bitcoin + Nostr vs surveillance & censorship • Real-world adoption: challenges & use cases • Your favorite Nostr clients and how you use them

⸻

🎟️ Entry:

FREE — but RSVP is required 🔐 Limited spots, unlimited signal.

⸻

Bitcoin Minds: Nostr Edition

@ 0b118e40:4edc09cb

The idea of Bitcoin as an internet native currency, and eventually a global one, is coming to life slowly. But historically, the idea of global currency has haunted the world’s financial imagination for nearly a century. 

From Keynes’s Bancor in 1944 to Zhou Xiaochuan’s post-crisis proposal in 2009 to today’s renewed debates, the idea resurfaces every time the global economy fractures. 

Could this time be different with Bitcoin? 

I decided to trace the idea of global currency through several decades and books. I may have missed some parts, so feel free to add. I’ll keep this brief and leave the books I’ve read below.

In the beginning

It all started on July 1, 1944. 730 delegates from 44 Allied nations, including major powers like the US, UK, Soviet Union, China, and France, gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire. They spent 2 weeks figuring out how the new international monetary and financial system would be, post WW2

After WW1, the treaty of Versailles was needed, but imposed harsh reparations that devastated economies and contributed to the rise of fascism, such as Hitler, Mussolini and gang. 

So when folks met up in 1944 (WW2 was almost ending), the goal was to prevent another Great Depression, another global conflict and build a stable global economic order. 

2 main proposals were discussed in Bretton Woods. 

1. John Maynard Keynes, representing the UK, proposed the creation of a global currency called Bancor. It will be issued through a global central bank known as the International Clearing Union (ICU).

2. Harry Dexter White, representing the US, promoted a dollar-based system. Countries would peg their currencies to the US. dollar backed by gold. He also led the creation of the IMF and the World Bank.

To understand how both of these proposals work, let's look at an example.

• Country A (Germany): Massive exporter

• Country B (USA): Massive importer

• Country C (Brazil): Balanced trade (imports = exports)

***Based on Dexter’s model and the current USD-based system, ***

Say Germany sells $1B worth of cars to the US. The US  pays in dollars, increasing its trade deficit. Germany accumulates dollars as reserves or buys the US Treasury bonds. Over time, the US continues running trade deficits, while Germany keeps hoarding dollars. Hence the  unsustainable debt of the US. 

***In Keynes’s Bancor system, ***

If Germany sells $1B worth of cars to the US, then the US does not pay in dollars. Instead, the ICU credits Germany with 1B Bancors and debits the US with -1B Bancors. 

The ICU police this. If Germany exceeds the surplus threshold, it pays interest or penalties to discourage hoarding. If the US exceeds its deficit threshold, it is warned to rebalance trade or face restrictions.

Here, Germany is incentivized to import more (e.g., from Brazil) or invest in global development. The US is encouraged to export more or reduce consumption. Brazil, with balanced trade, enjoys stability in Bancor flows and avoids pressure.

The idea behind Bancor was a zero-sum balancing act. No country could become “too big to fail” due to excessive deficits. But it was too complicated and idealistic in assuming every country could maintain balanced trade. 

Dexter on the other hand had a few tricks up his sleeve. In the end, Dexter’s USD dominance proposal was adopted. 

The Bretton Woods system established the US dollar as the central global currency 

Why did dollar dominance win over Bancor?

Simplicity often wins over complexity. But more so ICU felt too centralized, asking nations to surrender economic autonomy to a global body. That didn’t sit well in a post-war world where sovereignty was non-negotiable. That and idealist economic trade balance views. 

Dexter’s dollar-based system on the other hand wasn’t fair play at all. It was centralized and authoritarian in its design. 

So how did Dexter pull it off?

They had gold. They were ahead in economic recovery.

And they had nuclear weapons. 

At the time, the US held nearly 2/3 of the world’s gold reserves. It was a significant advantage in advocating for a gold-backed dollar as the bedrock of global trade. 

The US proposed a fixed gold peg at $35 per ounce.

From a broader geopolitical backdrop, the global population in 1944 was about 2.3 billion, a fraction of today’s 8 billion. The world was far less interconnected. The war had devastated Europe, Russia, and much of Asia. Infrastructure, economies, and entire cities were in ruins. The US, by contrast, had faced far fewer casualties and damages. Being geographically isolated, it had minimal domestic losses, around a tenth of what Europe suffered, and its economy was poised to rebuild faster. 

But gold dominance and economic recovery alone didn’t secure US financial dominance.

American scientific breakthroughs had already signaled global power. Physicists like Leo Szilard and Albert Einstein, who had fled Europe, helped develop nuclear weapons. Their intent was deterrence, not destruction. But once the bomb existed, it changed geopolitics overnight. The US had military dominance. And after Hiroshima and Nagasaki in 1945, it became the undisputed superpower. 

In the end, the USD won and the vision for neutral global currency faded. 

And 20 years passed on…

France sends its warship to the US

Under Bretton Woods, countries could exchange dollars for gold, but the US had been printing more dollars than it had gold to back it. And it used it to fund the costly Vietnam War and domestic programs like the Great Society under LBJ. 

Belgian-American economist Robert Triffin pointed out a fatal flaw in the Bretton Woods system that came to be known as the Triffin dilemma. 

• The world needed US dollars for liquidity and trade.

• But the more dollars the US pumped out, the less credible its gold promise became.

Yet the US kept promising that every dollar was still convertible to gold at $35 per ounce.

French President Charles de Gaulle saw this as financial imperialism. He called it the  “exorbitant privileged position”. The world had to pay for what they bought with the money they have, but not the US. 

So in 1965, France did something unexpected. It sent a warship to New York Harbor to physically retrieve French gold reserves held by the Federal Reserve. 

Would it have escalated to war? Maybe. But likely not. It was perhaps more of a diplomatic theatre and a sovereign flex. France was exercising its right under the Bretton Woods agreement to convert dollars into gold. But doing it with military formality was to send a signal to the world that they don’t trust the US system anymore.

It was one of the first major public blows to the dollar’s credibility. And France wasn’t alone. Other countries like West Germany and Switzerland followed suit, redeeming dollars for gold and draining US reserves.

The Nixon shock

Given they did not have enough gold, the IMF introduced Special Drawing Rights (SDRs) in 1969. SDRs were an international reserve asset, created to supplement gold and dollar reserves. Instead of relying solely on the US dollar, SDRs were based on a basket of major currencies (originally gold-backed but later diversified).

The idea was to reduce the world’s dependence on the dollar and avoid a liquidity crisis. But SDRs were a little too late and a little too weak to solve the underlying problem.

By 1971, the US could no longer sustain the illusion. President Nixon “closed the gold window,” suspending dollar convertibility to gold. 

The Bretton Woods collapsed and this marked the beginning of fiat money dominance.

The French pursuit

While France demanded justice in one corner of the world, the French franc, specifically the CFA franc, has been dominant in parts of Africa since 1945, long before 1971.

After WWII, France created two CFA franc zones:

• West Africa: Communauté Financière Africaine (XOF)

• Central Africa: Coopération Financière en Afrique Centrale (XAF)

These zones included 14 African countries, many of which were former French colonies. France maintained monetary control via currency convertibility guarantees and representation in African central banks. Till today it has influence over these country’s monetary policy.

Colonisation hasn't ended in some parts of the world. 

Did countries stop using the USD after the Nixon shock 1971?

Nope. The US dollar was no longer convertible to gold and it dismantled the fixed exchange rate system. But most countries did not stop using the USD as their dominant reserve or trade currency. There were no decent alternatives. Instead, they floated their currencies or maintained a soft peg to the dollar or a basket of currencies. 

The USD remained dominant in oil trade (OPEC priced oil in USD) - petrodollar deal, global debt markets and FX reserves (central banks kept holding USD). 

In 1997, when many Southeast Asian countries were still pegged to the USD, Soros claimed that SEA will tank. The US further increased its credit rates leading to capital flight and eventual tanking of these countries leading to Asian Financial Crisis '97. Many financial crisis has similar vibe.

The 1999 Euro launch

The idea of a shared currency appeared again, this time through the forms of Euro. It was a mandatory system for member states of the Eurozone, and came with centralized authority, the European Central Bank (ECB), which controlled monetary policy for all participating nations.

At first glance, the euro seemed like a win. It eliminated exchange rate fluctuations, making trade within the Eurozone smoother. It gave weaker economies access to lower borrowing costs and helped Europe establish itself as a financial heavyweight. Today, the euro is the second most-used reserve currency after the US dollar.

But it came at a cost. Countries that adopted the euro lost monetary sovereignty and could no longer print their own money or adjust interest rates to respond to local crises. This became painfully clear during Greece’s debt crisis, where strict monetary policies prevented the country from devaluing its currency to recover. The one-size-fits-all approach meant that economies as different as Germany and Greece had to follow the same rules, often to the detriment of weaker nations. Debt-ridden countries like Italy and Spain were forced into harsh austerity measures because they could not manipulate their currency to ease financial strain. Meanwhile, richer nations like Germany and the Netherlands felt they were unfairly propping up struggling economies, creating political tension across the EU.

In recent years, the euro has faced pressure from global trade tensions, monetary tightening, and geopolitical instability contributing to market volatility and periodic depreciation against other major currencies.

The Bretton Woods 2.0

Believe it or not, after all that, there was a call for Bretton Woods 2.0. Yet another global currency dream.

When the housing market collapsed in 2008 followed by a series of domino effects, global banks froze lending, economies contracted, and panic set in. The crisis exposed how fragile the international financial system had become as it was overly reliant on debt, under-regulated, and centered around the US dollar.

Many countries, especially in the Global South and emerging markets, started to question whether a system built around a single national currency was sustainable. 

China, for instance, had been holding huge amounts of US debt while the US printed more dollars through bailouts and quantitative easing. This created global imbalances as exporting nations were lending money to the US to keep the system running, while taking on the risk of dollar depreciation. 

In 2009, China’s central bank openly proposed replacing the US dollar with a neutral global reserve currency suggesting SDRs (Special Drawing Rights) issued by the IMF instead.

These concerns led to a wave of calls from world leaders for a “Bretton Woods 2.0” ,  a modern rethinking of the post-WWII economic order. At G20 summits in London in 2009, countries like France, China, and Russia pushed for reforms in global financial institutions and more balanced power sharing. 

In the end, the IMF received more funding, and some banking regulations were tightened in the years after. But no real overhaul happened. No surprise there? The dollar remained dominant. 

The foundation of the global economy didn’t change, even though trust in it had been deeply shaken.

The growth of BRICS

In 2023, Brazil, Russia, India, China, and South Africa began discussing the idea of a shared currency or alternative mechanism to reduce the dependence on USD ie de-dollarisation. The sanctions on Russia didn't help. After Russia’s invasion of Ukraine, the US and its allies froze Russia’s dollar reserves and cut it off from SWIFT, the “backbone of global banking communication”. This made one thing clear. If you fall out with Washington, your access to the global economy can vanish overnight.

China’s growing economic power also gave it more leverage to process alternative options. It would trade in Yuan with Russia and Iran.

I know many still say it's at its early stage, but I see many countries hedging their bets quietly and aligning with Putin and Xi. It became more obvious after US imposed tariffs on multiple nations, signaling that economic tools can double as political weapons. The world’s second financial system is slowly forming.

What is the world looking for, for the last century ?

For the last 80 years, from Bretton Woods to multiple financial crises, from the birth of the Euro to the rise of BRICS, through war and peace, we’ve been circling around the same ideal. A global currency that is :

1. Simple 

2. Free from dominant power 

3. Decentralised

4. Borderless

5. Scarce 

6. Transparent 

7. Inclusive, with self custody

8. Resilient in crisis 

9. Built for individual financial sovereignty

10. A new backbone for global finance, owned by no one

It doesn’t matter where you’re from, what politics you believe in, or how your economy leans. The answer keeps pointing in the same direction:

Bitcoin

This is the first true global currency.

And it’s just there 

Waiting...

.

.

.

---

Some books that might interest you :

1. The Battle of Bretton Woods by Benn Steil

2. Goodbye, Great Britain by Kathleen Burk and Alec Cairncross

3. The Ghost of Bancor by Tommaso Padoa-Schioppa

4. Confessions of an Economic Hitman by John Perkins

5. The Blood Bankers by James S. Henry

@ 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.

@ 2b998b04:86727e47

ファースト・プリンシプルズ（First Principles）序章

この序章は「ファースト・プリンシプルズ」と題した7回シリーズの始まりです。分散化、コスト、自由、そして真実の奥にある本質的な変化を探ります。7回なのは、1週間のリズム——働き、休み、立ち返るというリズム——に合わせたからです。それぞれの記事は、私が受け入れてきた技術や哲学の根底にある真理を掘り下げます。分散化と主権、真実、時間、そして希望まで。\ \ テクノロジーはコストをゼロに近づける——よくそう言われます。

これは『The Price of Tomorrow』という書籍の主張でもあります。技術が進化するほど、自然とデフレ（物価下落）を引き起こす。自動化は労働を置き換え、ソフトウェアはインフラを代替し、AIは意思決定そのものを肩代わりする。限界費用（追加生産にかかるコスト）は限りなくゼロに近づく。

——でも、それだけじゃない。

そこには、経済学者や技術者が見落としがちな「もう一層の深さ」があります。

単に「生産コスト」が下がるかどうかではなく、問うべきは 中央集権による「コントロール・コスト（支配コスト）」 です。

限界費用が下がっても、中央集権の「隠れた代償」は上がっていくのです。

---

「無料」という幻想

たとえば、GitHub。

一見無料です。静的ウェブサイトを公開し、コードをホストし、Actionsで自動化し、グローバルに協業することもできる——全部、無料で。

でもGitHubはMicrosoftに所有されています。あなたはサーバーを管理できない。プラットフォームを所有していない。鍵（アクセス権限）も持っていない。

つまり、それは「取り上げられるかもしれない贈り物」にすぎない。

Google Docsも、YouTubeも、Substackも同じ。「無料で始めよう」というクラウドサービス全般も。

これらのツールが悪いわけではありません。むしろ、優れたものも多い。

でも「中立」ではないのです。

あなたが支払う代償は、必ずしもドルではありません。ときに、それは：

• データアクセスの制限

• APIの利用制限

• 突然の料金変更

• 検閲やアカウント停止

• サービス移行にかかるコスト（特に問題が起きた時）

これは 中央集権プラットフォームの「隠れた家賃」 です。しかも、時間とともに複利的に増えていきます。

---

コントロール・コスト vs 限界費用

限界費用が「これを作るのにどれだけ安いか？」だとすれば、\ コントロール・コストは「これを使うことでどれだけ自由を失うか？」です。

Mediumなら無料で記事を投稿できますが、SEO（検索表示順位）は向こうのもの。\ Shopifyでビジネスを始められますが、彼らの判断でアカウントが停止される可能性もある。\ Instagramでフォロワーを増やしても、フィードを支配するのはアルゴリズムです。

私たちは「デフレ」を喜ぶように訓練されてきました。でも、実際には多くのツールが、参入コストを下げながら、コントロール・コストを膨らませているのです。

ここで、分散化（Decentralization） が物語を逆転させます。

---

分散化の本当の約束

本当の分散化は、ただ「安くする」だけじゃありません。\ それは「主権（Sovereignty）」をもたらします。

価格だけでなく、力を分配する。\ 手数料ゲートではなく、支配の構造そのものを取り除く。

こう言えるのです：

• 自分の鍵を自分で持て

• 自分のコンテンツを自分で持て

• 自分のスタックを自分で構築せよ

• 自分の配信チャネルを自分で持て

だからこそ、Nostr が重要。\ だからこそ、Bitcoin が重要。\ だからこそ、たとえ不便でも、セルフホスティングやパーミッションレスなプロトコル、オープンソースのツールが大切なのです。

彼らは「安くしてくれる」だけじゃない。\ 私たちの 自由 を守ってくれる。

---

実例：私のブログ構築

私がブログ blog.stantonweb.com を作り始めたとき、\ 最も楽な方法は選びませんでした。

私は以下を組み合わせました：

• 長文投稿に Nostr

• 投稿を取得・表示するためのPythonスクリプト

• GitHub Actions で自動化

• 表示は静的HTML

• ホスティングは GitHub Pages + Cloudflare（無料）

データベースも、CMSも、テーマ課金もなし。

限界費用？ 0ドルです。

でももっと重要なのは、コントロール・コストも限りなくゼロだということ。\ 誰にも止められない。\ 企業にリーチを制限されない。\ ゲートキーパーが「掲載に値するか」を判断しない。

---

新しい「コスト」定義へ

価格だけを最適化すれば、捕らわれる。

自由を最適化すれば、やがて「余白」を築ける——金銭的余白だけでなく、創造の余白、道徳の余白、運営の余白も。

それが分散化の真価。\ 安いだけじゃない。\ より真実なものへ。

---

補足：過去からの教訓

Skypeを覚えていますか？\ 当初は真のP2Pツールで、構造的に分散されていました。でもMicrosoftに買収され、中央集権型に再設計され、やがてその中身は解体されました。

Napsterも同様。P2Pで音楽業界を揺るがしましたが、最終的には停止され、中央集権型の代替サービスに取って代わられました。

BitTorrentは生き残りました——それは「ただのプラットフォーム」にならなかったからです。

このパターンは明白です：

• 資本が集まれば中央集権になる

• 支配があれば検閲も起きる

• しかし、自由は分散化から生まれる

そして私たちは、何度でもこの道を選び直さなければならないのです。

---

共同執筆：ChatGPT（“Dr. C”）が主要な論点の整理と精緻化をサポートしました。\ \ 数日以内にPart 1を公開予定。ご期待ください。

—\ blog.stantonweb.com およびNostrにて公開中。\ Zap（投げ銭）リンク：https://tinyurl.com/yuyu2b9t

@ 3283ef81:0a531a33

Hey\ Ho

Let's go!

@ a296b972:e5a7a2e8

Wie schon gewohnt durch die Empfänge von Baerbock und von der Leyen im Ausland, in Washington ein Empfang etwas oberhalb der 1. Class, von Staatsempfang keine Spur. Passt eigentlich auch nicht für den 51. Bundesstaat der USA. Aber immerhin flog die „Bundesrepublik Deutschland“ ohne Pannen, das ist ja auch schon mal was. Und bei solch einem erfahrenen Chef-Co-Piloten an Bord, der auch mal schnell einspringen könnte, sozusagen als 2. Wahl, kann eigentlich gar nichts mehr schief gehen. Vielleicht hat Fritzchen den Kapitän auch gefragt, ob er auch mal ans Steuer darf, wenn sich die Gelegenheit schon bietet.

Im Gepäck die eingerahmte Geburtsurkunde von Großvater Trump. Als ob Donald die sich nicht selbst besorgen könnte, wenn er Interesse daran hätte. Vielleicht hat er sie auch schon.

Die Übergabe, kurz und schmerzlos. Sie erinnert an einen Sketch von Loriot, „Weihnachten bei Hoppenstedts“:…oh, eine Krawatte! Der versprochene Ehrenplatz wird sich vermutlich in einer der unteren Etagen des Weißen Hauses befinden.

Man muss auch erst einmal darauf kommen, so typisch deutsch: Eine Geburtsurkunde als Geschenk. Das könnte man auch als einen Wink mit dem Zaunpfahl ansehen: Erinnere Dich an Deine deutschen Wurzeln (und lass uns gefälligst nicht fallen?).

Jetzt zur Einschätzung des Treffens: Vorfahrt mit frisch gewaschenem Auto, Schwarz-Rot-Gold vorne am Kotflügel, wie es sich gehört, Schwarz-Rot-Gold am Eingang. Ganz schön rechts. Warum eigentlich nicht die Regenbogenfahne?

Begrüßung durch Trump auf Nachfrage eines Reporters: „I love the People of Germany.“

Und Merz nutzt die Gelegenheit sich in Biedermeier-Style einzuschmeicheln: „And I love the People of America.“

Und Trump erwidert: „That‘s good!“

In welcher Atmosphäre findet das Treffen statt?

Trump hat ein Elefantengedächtnis. Er weiß um die abwertenden, diplomatiefreien Aussagen, die Merz über ihn gemacht hat. Er weiß, dass Merz ihn mehrfach persönlich beleidigend angegriffen hat. Als Präsident der USA steht man darüber. Aber man weiß es! Trump ist sich darüber im Klaren, mit welcher Geisteshaltung er es bei Merz zu tun hat.

Vor dem Hintergrund passt seine Aussage zur Presse: „Ich liebe die Deutschen.“ Das ist eine demokratische und höfliche Sympathiebekundung gegenüber der deutschen Bevölkerung, die Merz zwar miteinschließt, aber nicht direkt an ihn gerichtet ist.

Trump begrüßt Merz mit Handschlag, begrüßt aber eigentlich nicht den Kanzler, sondern die Deutschen.

Andererseits darf der Äußerung „Ich liebe die Deutschen“ auch nicht zu viel Bedeutung beigemessen werden, denn die Amerikaner sind ja dafür bekannt, dass sie gerne und schnell alles lieben: I love America, I love Coca-Cola, I love Peanuts und eben auch I love the People of Germany.

Merz nutzt gleich die Gelegenheit, sich anzubiedern, in dem er pariert: „Und ich liebe die Amerikaner.“, worauf Trump antwortet: „That’s good!“ Das kann man übersetzen mit „Das ist gut!“, aber auch mit „Das ist auch gut so!“, bei letzterem wäre es eine versteckte Drohung. Mach Dir bewusst, wo Du bist und mit wem Du es zu tun hast und verhalte Dich danach!

Nonverbal wird dem sonst in Deutschland so eloquent wirken wollenden, akzentuiert sprechenden Merz die Bedeutung zugedacht, die ihm aus Sicht von Trump gebührt. In Frankfurt heißen sie Wiener, in Wien heißen sie Frankfurter.

Somit sind die Voraussetzungen, unter denen das Treffen stattfinden soll, schon einmal von amerikanischer Seite aus geklärt.

Du bist hier Gast in meinem Haus, also benimm Dich auch entsprechend! Ich bin der Präsident der Vereinigten Staaten von Amerika und Du bist klein Fritzchen aus dem Sauerland. Die Machtverhältnisse sind unausgesprochen geklärt.

Man hat in gewohnter Manier Platz genommen. Die Journalisten stellen Ihre Fragen ausschließlich an Trump. Zufall, oder Teil einer orchestrierten Aufführung, das wird man nie erfahren.

So oder so, die Journalisten signalisieren durch ihre Fragen an Trump, auf welcher Seite sie stehen, es weht der Geist von „America first“. Was Germany dazu zu sagen hat, interessiert niemanden, warum auch?

Die Einseitigkeit ist schon sehr auffällig. Eigentlich hätte es die Journalisten interessieren müssen, wie Deutschland zu verschiedenen Themen steht. Keine Fragen an Merz zu Zöllen, zur Ukraine, zur Meinungsfreiheit, zur Opposition. Mit dem Anspruch, ein breites Spektrum an Meinungen abbilden zu wollen, hat das eigentlich nichts zu tun. Wenn das die Vorstellung von „Freedom of Speach“ ist, dann können hier Zweifel aufkommen.

Falls diese Fragerunde in Hollywood-Manier gestaltet wurde, dann spräche das eher für Propaganda pro Trump. Wäre es Propaganda, dann wäre das Ziel allerdings erreicht worden: Kein Mensch interessiert sich für das, was Deutschland, vertreten durch Merz, zu sagen hat.

Trump setzt dem Ganzen zum Schluss noch die Krone auf, in dem er die Journalisten auffordert, nun endlich doch auch noch ein paar Fragen an Merz zu richten. Das unterstreicht nochmals das (geplante oder ungeplante) Desinteresse der anwesenden Journalisten, die sich nun fast schon genötigt fühlen, anstandshalber etwas zu fragen.

Merz, der bisher brav wie ein Schüler dem Lehrer zugehört hat, muss nun blitzschnell entscheiden, wie er die „künstlich“ hergestellte Möglichkeit nutzen kann, um, etwas unter Druck, durch die Kürze der Zeit, mit wenigen Worten seinen Standpunkt nach außen zu tragen. Seine konzentrierte Kernbotschaft, die Essenz, die Deutschland aus den USA und die übrige Welt hören soll, ist: Er steht weiter an der Seite der Ukraine und Russland ist ausschließlich das Böse.

Ganz schön raffiniert, denn so hat Trump es geschafft, das Konzentrat der Merz’schen Logik aus ihm herauszupressen.

Beide bekunden den Willen zum Frieden. Gleichzeitig wird jedoch auch klar, was jeder unter Frieden versteht: Merz will „Frieden durch Krieg“ und Trump will „Frieden durch Frieden“.

Auf rund 45 Minuten Trump kommen rund 4 Minuten Merz. Die Minuten drücken exakt die Machtverhältnisse aus.

Hätte Trump vorgehabt, Merz vorzuführen, ihm die Ohren langzuziehen, ihn bis auf die Knochen zu blamieren, er hätte reichlich Möglichkeiten dazu gehabt.

Er hätte Merz fragen können, warum er seinerzeit meinte, dass ihn, Trump, als Arschloch zu bezeichnen, noch gelinde sei. Er hätte ihn fragen können, warum er Trump als Gefahr für die Demokratie ansieht. Trump weiß darum, er hat es jedoch nicht angesprochen, was ist der Grund dafür?

Und Vance, der ebenfalls anwesend war, hätte seine Feststellungen zur Meinungsfreiheit und der „Fire-Wall“ gegen die Opposition, die er auf der Sicherheitskonferenz in München klar formuliert hat, wiederholen können, jetzt, wo doch der Kanzler, als erster Ansprechpartner für Deutschland, persönlich hätte gefragt werden können.

Beim Besuch von Selenskyj haben beide ja auch gewaltig gezeigt, wer hier das Sagen hat.

Nichts! Keine schallende Ohrfeige für Merz, doch nur Erdnussbutter auf’s Sandwich geschmiert. Kein „You don’t have the cards…“, was den Tatsachen entsprechen würde.

Auf politischer Ebene bleibt in den USA nichts, rein gar nichts dem Zufall überlassen. Je länger man darüber nachdenkt, desto klarer kann einem werden, dass das Treffen genau so geplant war, wie es sich abgespielt hat. Aber was genau ist der Plan, der dahintersteckt? Es gibt einen, dass ist so sicher, wie das Amen in der Kirche.

Sollen sich die Deutschen, vor allem die deutsche Politik in Sicherheit wiegen? Wenn das Teil eines Planes wäre, wäre er gelungen, denn in Deutschland wird der Besuch als gelungen und erfolgreich bewertet, aus welchen Gründen auch immer. Inzwischen ist Deutschland ja Weltmeister im Schönreden.

Spannend auch die Vorstellung, wenn man die Phantasie anregt, wie das Gespräch verlaufen wäre, wenn die deutsche Opposition auf dem Stuhl von Merz gesessen hätte.

Es widerspräche der Realität, wenn nicht im Hintergrund ganz andere Ziele verfolgt und Absprachen getroffen würden. Welchen Einfluss auf das Treffen hat der bevorstehende NATO-Gipfel am 24. und 25. Juni 2025 in Den Haag?

Es drängt sich immer mehr der Verdacht auf, dass man es mit zwei Realitäten zu tun hat. Eine, die offiziell verkündet wird, und eine, die den Tatsachen entspricht, die aus welchen Gründen auch immer jedoch zunächst noch im Verborgenen bleibt. Ob das vielleicht sogar gut oder eher schlecht ist, wird die Zukunft zeigen. Klar ist jedoch, dass eine gesteuerte Realität in der Öffentlichkeit verbreitet werden soll, die man durchaus als Propaganda von allen Beteiligten bewerten kann. Da hackt eine Krähe der anderen kein Auge aus. Da heißt es wachsam bleiben und nicht der Versuchung zu erliegen, dass zu glauben, was man gerne glauben möchte und von dem man sich wünscht, dass es eintritt.

„Bediene Dich Deines eigenen Verstandes.“ Das ist die Aufgabe der Zeit.

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

* *

(Bild von pixabay)

@ d325f9e9:07ed2267

Trying tags #Hello #this

@ 2cde0e02:180a96b9

watercolor pencils, water brush & pen

https://stacker.news/items/1006159

@ 84b0c46a:417782f5

材料

• ジップロック（Lサイズ 5〜6ℓサイズ）
• 土 https://www.dcm-hc.co.jp/products/p_gardening/20190308145125.html 土は再利用ができるので、安いものよりもできるだけ高価なものを買った方が成功率もアップ
• 液肥 収穫の度に少々与える

虫対策

アブラムシ対策

• 銀色のアルミ箔か何か

蛾と蝶対策

• 水切りネット
• 曲がるストロー4つ

手順

• Lサイズのジップロック(5〜6ℓサイズ)の裏になんかテープはって箱型にする

• 土入れる ジップロック八分目くらいまで？

• 金串や画鋲を使って底面に穴を10ヶ所ほど開ける
• アブラムシ対策の銀色の奴の三か所に種まく用の穴開ける
• 穴のとこに種入れる
• 曲がるストローをいい感じに組み立ててネットをかぶせる

育てる

• なんかいい感じになったら人穴一つだけになるように間引く

間引き方 - 生育の遅い株 - 葉の色味が悪い株 - 茎の細い株 - 虫食いがある株 - 葉に病気の症状がある株 - 他と比べて異様に間伸びしている株

育てる

水切りネットでは囲えなくなってきたら、百均の防虫ネットを被せるか、ジップロックをもう一個用意して上からかぶせて二角を切るとビニールハウスになる 穴から虫入ってこないようにネットをなんかいい感じに張ったりしたらいいかも？知らんけど

育てる

いい感じになったら周りの葉っぱを収穫

土の栄養を取り戻すために収穫の度に液肥を少々与える

内側のが2週間で復活

他土の処分

• 2〜3回は他の野菜を植えるなどして、その後はプランターの土として追加しちゃう
• そのまま捨てられる土を使えば、燃えるゴミの日にジップロックごとそのまま捨てられる

@ e516ecb8:1be0b167

Imagina un mundo donde cada peso que gastas es vigilado, registrado y cuestionado. Donde el Estado decide si puedes comprar un café, una manzana o una criptomoneda. No es una distopía de ciencia ficción, es el rumbo que están tomando varios países, mientras otros, como Argentina, dan un giro inesperado hacia la libertad. ¿Quién está ganando esta batalla por el control de tu dinero?

Argentina: "Tus dólares son tuyos" En Argentina, Javier Milei, con su bandera libertaria ondeando, ha dado un paso audaz: desmantelar el control policial sobre el dinero de los ciudadanos. Su lema, "Tus dólares son tuyos", es tan obvio como revolucionario. Después de décadas de corralitos, cepos cambiarios y una inflación que en 2023 alcanzó el 211,4% según el INDEC, Milei apuesta por devolverle al ciudadano el poder sobre su propio capital. Con el país logrando superávit fiscal por primera vez en años (0,2% del PBI en el primer trimestre de 2024), el gobierno ya no necesita espiar cada transacción para exprimir impuestos.

Pero aquí viene lo curioso: encuestas recientes, como una de la consultora Poliarquía, muestran que un 35% de los argentinos aún prefiere que el Estado controle sus finanzas. ¿Masoquismo? ¿Miedo a la libertad? Tal vez sea la costumbre de vivir bajo la lupa. Milei, fiel a su convicción, no solo liberaliza por necesidad económica, sino porque cree que el dinero es tuyo, no del burócrata de turno.

España y el Euro Digital: El ojo que todo lo ve Mientras Argentina afloja las riendas, Europa cabalga en dirección opuesta. En España, el gobierno está reduciendo progresivamente los umbrales para controlar transacciones bancarias. A partir de 2026, cada pago por Bizum —el equivalente ibérico al Pix brasileño— estará bajo escrutinio. Según el Banco de España, en 2024 se realizaron más de 1.200 millones de transacciones por Bizum, moviendo unos 60.000 millones de euros. Ahora, cada una de esas operaciones será un dato más para Hacienda.

Pero no es solo España. La Unión Europea avanza con el Euro Digital, un proyecto que promete ser la pesadilla de cualquier amante de la privacidad. Esta moneda digital, según el Banco Central Europeo, permitirá rastrear cada movimiento, limitar ciertos gastos (¿adiós a compras de cripto o donaciones incómodas?), e incluso programar que el dinero "se oxide". Sí, has leído bien: si no gastas tus euros digitales en un tiempo determinado, podrían perder valor o simplemente desaparecer. Un informe del BCE de 2023 estima que el Euro Digital estará operativo en 2027, y ya hay pruebas piloto en países como Alemania y Francia. ¿Libertad financiera? Más bien un Gran Hermano con esteroides.

Chile: El Estado fisgón y los funcionarios de lujo En Chile, el control monetario también aprieta. El gobierno ha propuesto levantar el secreto bancario, permitiendo que cualquier funcionario del SII pueda husmear en tus cuentas. Además, si haces más de 50 transacciones al mes, el Servicio de Impuestos Internos (SII) pondrá la lupa sobre ti. ¿Y las ferias libres? Esas donde compras tus tomates y zapallos sin complicaciones ahora deberán emitir boletas electrónicas, encareciendo los productos para el ciudadano de a pie. Según la CEPAL, los costos administrativos para pequeños comerciantes podrían aumentar hasta un 15% con estas medidas.

Mientras tanto, el sector público chileno vive en otra galaxia. Funcionarios con sueldos que superan los 5 millones de pesos mensuales (unos 5.500 USD) toman licencias médicas para viajar por el mundo, según denuncias de la Contraloría. Algunos incluso cobran por "turnos" de 17 horas extras diarias o marcan asistencia en dos lugares al mismo tiempo. ¿Y quién paga? Tú, con tus impuestos.

La resistencia: Volver al efectivo o abrazar las cripto Si el Estado quiere controlar cada centavo, ¿qué opciones nos quedan? Una es volver al efectivo, pero no nos engañemos: el dinero fiat, controlado por bancos centrales, pierde valor a largo plazo. En Chile, la inflación acumulada entre 2010 y 2024 fue del 62%, según el INE. Tus billetes de hoy valen menos que los de ayer, y mañana valdrán aún menos.

La otra opción es el mundo cripto, pero no cualquier cripto. Bitcoin, la más conocida, es un titán para almacenar valor, pero para transacciones diarias necesita una segunda capa como Lightning Network, que procesa pagos instantáneos con comisiones ínfimas (menos de 0,01 USD por transacción en 2024). Alternativas como Bitcoin Cash (BCH) o Monero (XMR) ofrecen transacciones rápidas y, en el caso de XMR, un enfoque en la privacidad que hace temblar a los burócratas. Sin embargo, ninguna cripto servirá si los comercios y las personas no las adoptan. En Argentina, por ejemplo, solo el 1,5% de las transacciones minoristas en 2024 usaron criptomonedas, según Chainalysis. La libertad financiera no llega sola: hay que construirla.

El futuro es ahora El dinero es poder, y quien controla el dinero controla tu vida. Mientras Milei en Argentina te devuelve las llaves de tus dólares, en Europa y Chile te atan las manos con leyes, regulaciones y monedas digitales. La pregunta no es si quieres libertad, sino si estás dispuesto a pelear por ella. Usa efectivo, explora cripto, pero sobre todo, no dejes que el Gran Hermano decida por ti. Porque una vez que el Estado mete la mano en tu bolsillo, no la saca nunca.

@ 472f440f:5669301e

Marty's Bent

Sup, freaks? Your Uncle Marty did a little vibe coding a couple months ago and that vibe coding project has turned into an actual product that is live in the Google Chrome web store and will soon to be live in the Firefox add-on store as well. It's called Opportunity Cost and it is an extension that enables you to price the internet in Bitcoin.

Opportunity Cost – See Prices in Bitcoin Instantly

Convert USD prices to Bitcoin (satoshis) as you browse. Dual display, privacy-first, and open source.

Opportunity CostTFTC

Check it out!

This whole process has been extremely rewarding to me for many reasons. The first of which is that I've had many ideas in the past to launch a product focused on bitcoin education that simply never left my brain because I never felt comfortable paying a developer to go out and build a product that I wasn't sure would ultimately get product market fit.

Due to the advancements of AI, particularly ChatGPT and Replit, I was able to spend a few hours on a Saturday vibe coding a prototype for Opportunity Cost. It worked. I side loaded it into Chrome and Firefox, tested it out for a few days and decided, "Hey, I think this is something that's worthwhile and should be built."

Backtracking just a little bit, the initial idea for this app was to create an AR application that would enable you to take pictures of goods in the real world and have their prices automatically converted to bitcoin so that you could weigh the opportunity cost of whether or not you actually wanted to buy that good or decide to save in bitcoin instead. With the help of Justin Moon from the Human Rights Foundation and Anthony Ronning from OpenSecret and Maple AI, I was pointed in the right direction of vibe coding tools I could use to build a simple MVP. I took their advice, built the MVP, and demoed it at the Bitcoin Park Austin weekly AI meetup in mid-April.

The next week, I was talking with a friend, Luke Thomas, about the idea and during our conversation he made a simple quip, "You should make a Chrome extension. I really want a Chrome extension that does this." And that's what sent me down the vibe coding rabbit hole that Saturday which led to the prototype.

After I was comfortable with and confident in the prototype, I found a young hungry developer by the name of Moses on Nostr, I reached out to him, told him my idea, showed him the prototype and asked if he thought he could finish the application for me. He luckily agreed to do so and within a couple of weeks we had a fully functioning app that was officially launched today. We're about 12 hours into the launch and I must say that I'm pleasantly surprised with the reception from the broader Bitcoin community. It seems like something that people are happy exists and I feel extremely happy that people see some value in this particular application.

Now that you have the backstory, let's get into why I think something like Opportunity Cost should exist. As someone who's been writing a newsletter and producing podcasts about bitcoin for eight years in an attempt to educate individuals from around the world about what bitcoin is, why it's important, and how they can leverage it, I've become convinced that a lot of the work that needs to be done still exists at the top of the funnel. You can scream at people. You can grab them by the shoulders. You can shake them. You can remind them at Thanksgiving that if they had listened to your advice during any Thanksgiving in the previous years they would be better off financially. But at the end of the day most people don't listen. They need to see things. Seeing things for yourself is a much more effective teaching mechanism than be lectured to by someone else.

My hope with Opportunity Cost is that it catches the eye of some bitcoin skeptics or individuals who may be on the cusp of falling down the bitcoin rabbit hole and they see the extension as a way to dip their toes into bitcoin to get a better understanding of the world by pricing the goods and services they purchase on a day-to-day month-to-month and year-to-year basis in bitcoin without having to download a wallet or set up an exchange account. The tippy top of the bitcoin marketing funnel.

That is not all though. I think Opportunity Cost can serve individuals at both ends of the funnel. That's why it's pretty exciting to me. It's as valuable to the person who is bitcoin curious and looking to get a better understanding as it is to the hardcore bitcoiner living on a bitcoin standard who is trying to get access to better tools that enable him to get a better grasp of their spending in bitcoin terms.

Lastly, after playing around with it for a few days after I built the prototype, I realized that it has incredible memetic potential. Being able to take a screenshot of goods that people are buying on a day-to-day basis, pricing them in bitcoin and then sharing them on social media is very powerful. Everything from houses to junk items on Amazon to the salaries of pro athletes to your everyday necessities. Seeing the value of those things in bitcoin really makes you think.

One day while I was testing the app, I tried to see how quickly I could find goods on the internet that cumulatively eclipsed the 21 million supply cap limit of bitcoin. To my surprise, even though I've been in bitcoin for 12 years now, it did not take me that long. The opportunity cost of everything I buy on a day-to-day basis becomes very clear when using the extension. What's even clearer is the fact that Bitcoin is completely mispriced at current levels. There is so much winning ahead of us.

Also, it's probably important to note that the extension is open source. You can check out our GitHub page here. Submit pull requests. Suggest changes to the app.

We've also tried to make Opportunity Cost as privacy preserving as possible. Everything within the extension happens in your browser. The only external data that we're providing is the bitcoin to fiat price conversion at any given point in time. We're not data harvesting the web pages you're browsing or the items you're looking at. We're not collecting data and sending it to third party marketers. We want to align ourselves with the open and permissionless nature of bitcoin while also preserving our users' privacy. We're not trying to monetize this in that way. Though, I will say that I'm thinking of ways to monetize Opportunity Cost if it does gain significant traction, but I promise it will be in a way that respects your privacy and is as unobtrusive as possible. We'll see how it goes.

Thank you for coming to my TED talk. Please download and use the extension. Let us know what you think.

Headlines of the Day

Saylor Says Bitcoin Is Perfect Money to Jordan Peterson - via X

Trump Won't Sell Tesla Despite Musk-Bessent Heated Exchange - via X

Bitcoin Gains Traction in Kenya's Largest Slum Kibera - via X

Get our new STACK SATS hat - via tftcmerch.io

---

Bitcoin’s Next Parabolic Move: Could Liquidity Lead the Way?

Is bitcoin’s next parabolic move starting? Global liquidity and business cycle indicators suggest it may be.

Read the latest report from Unchained and TechDev, analyzing how global M2 liquidity and the copper/gold ratio—two historically reliable macro indicators—are aligning once again to signal that a new bitcoin bull market may soon begin.

Download the report here

---

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

---

Final thought...

East Coast aesthetics over everything.

---

*Download our free browser extension, Opportunity Cost: *<<https://www.opportunitycost.app/>> start thinking in SATS today.

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

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

@ 2dd9250b:6e928072

Durante a década de 1990, houve o aumento da globalização da economia, determinando a adição do fluxo internacional de capitais, de produtos e serviços. Este fenômeno levou a uma interdependência maior entre as economias dos países. Justamente por causa da possibilidade de que um eventual colapso econômico em um país resulte no contágio dos demais. Diante disso, aumentou a preocupação com os riscos incentivando a utilização de sofisticados modelos e estratégias de avaliação de gestão de risco.

Na década, ganharam destaque ainda os graves problemas financeiros enfrentados, entre outros, pelo banco inglês Barings Bank, e pelo fundo de investimento norte-americano Long Term Capital Management.

Outro grande destaque foi a fraude superior a US$ 7 bilhões sofrida pelo banco Société Generale em Janeiro de 2008.

O Barings Bank é um banco inglês que faliu em 1995 em razão de operações financeiras irregulares e mal-sucedidas realizadas pelo seu principal operador de mercado. O rombo da instituição foi superior à US$ 1,3 Bilhão e causado por uma aposta equivocada no desempenho futuro no índice de ações no Japão. Na realidade, o mercado acionário japonês caiu mais de 15% na época, determinando a falência do banco. O Baring Bank foi vendido a um grupo financeiro holandês (ING) pelo valor simbólico de uma libra esterlina.

O Long Term Capital Management era um fundo de investimento de que perdeu em 1998 mais de US$ 4,6 bilhões em operações nos mercados financeiros internacionais. O LTCM foi socorrido pelo Banco Central dos Estados Unidos (Federal Reserve ), que coordenou uma operação de socorro financeiro à instituição. A justificativa do Banco Central para esta decisão era "o receio das possíveis consequências mundiais da falência do fundo de investimento".

O banco francês Société Generale informou, em janeiro de 2008, uma perda de US$ 7,16 bilhões determinadas por fraudes efetuadas por um operador do mercado financeiro. Segundo revelou a instituição, o operador assumiu posições no mercado sem o conhecimento da direção do banco. A instituição teve que recorrer a uma urgente captação de recursos no mercado próxima a US$ 5,0 bilhões.

E finalmente chegamos ao caso mais problemático da era das finanças modernas anterior ao Bitcoin, o caso Lehman Brothers.

O Lehman Brothers era o 4° maior de investimentos dos EUA quando pediu concordata em 15/09/2008 com dívidas que superavam inacreditáveis US$ 600 bilhões.

Não se tinha contas correntes ou talão de cheques do Lehman Brothers. Era um banco especializado em investimentos e complexas operações financeiras. Havia feito pesados investimentos em empréstimos a juros fixos no famigerado mercado subprime, e o crédito imobiliário voltado a pessoas consideradas de forte risco de inadimplência.

Com essa carteira de investimentos que valia bem menos que o estimado e o acúmulo de projetos financeiros, minou a confiança dos investidores na instituição de 158 anos. Suas ações passaram de US$ 80 a menos de US$ 4. Acumulando fracassos nas negociações para levantar fundos; a instituição de cerca de 25 mil funcionários entrou em concordata.

O Federal Reserve resgatou algumas instituições financeiras grandes e tradicionais norte-americanas como a seguradora AIG no meio da crise. O Fed injetou um capital de US$ 182, 3 bilhões no American International Group (AIG).

Foi exatamente essa decisão do Fed em salvar alguns bancos e deixar quebrar outros, que causou insegurança por parte dos clientes. E os clientes ficaram insatisfeitos tanto com os bancos de investimentos quanto com as agências de classificação de risco, como a Standard & Poor's que tinha dado uma nota alta para o Lehman Brothers no mesmo dia em que ele quebrou.

E essa foi uma das razões pelo qual o Bitcoin foi criado. Satoshi Nakamoto entendeu que as pessoas não estavam mais confiando nem no Governo, nem nos Bancos Privados que o Governo federal restagatava quando eles quebravam e isso prejudicou muita gente. Tanto que o “hash” do Genesis Block contém o título do artigo “Chancellor on brink of second bailout for banks” (Chanceler à beira de segundo resgate para bancos, em português) da edição britânica do The Times.

Esse texto foi parcialmente editado do texto de ASSAF Neto, CAF (2014).

@ 2b998b04:86727e47

Introduction To First Principles

This introduction kicks off a 7-part series called First Principles exploring the deeper shifts behind decentralization, cost, freedom, and truth. I picked 7 days, one for each day of the week, aligned with a rhythm of work, rest, and return. Each part will explore a foundational truth behind the technologies and philosohies I’ve embraced — from decentralization and sovereignty to truth, time, and hope.

---

We often hear that technology drives costs toward zero.

That’s the thesis of The Price of Tomorrow — that as technology advances, it becomes deflationary by nature. Automation replaces labor. Software replaces infrastructure. AI replaces entire categories of decision-making. The marginal cost of production trends toward nothing.

But that’s not the whole story.

There’s a deeper layer — one that most technologists and economists miss. It’s not just the marginal cost of production that matters. It’s the control cost of centralization. And that’s where things get murky.

Because even when marginal costs fall, the hidden toll of centralization rises.

---

The Illusion of “Free”

Take GitHub.

On paper, it’s free. You can publish static websites, host code, automate workflows with Actions, and collaborate globally — all at no cost.

But GitHub is owned by Microsoft. You don’t control the servers. You don’t own the platform. You don’t hold the keys.

It’s a gift that can be revoked.

Same with Google Docs. Or YouTube. Or Substack. Or any cloud platform that says “start for free.”

These aren’t bad tools. Many are excellent.

But they’re not neutral.

The price you pay isn’t always in dollars. Sometimes it’s in:

• Data access restrictions

• API limitations

• Sudden pricing changes

• Censorship or deplatforming

• Migration costs if (or when) things go south

This is the hidden rent of centralized platforms. And it compounds over time.

---

Control Cost vs. Marginal Cost

If marginal cost is “how cheap is it to make this?” —\ Control cost is “how much freedom do I lose by using this?”

You can publish your ideas for free on Medium — but they own the SEO.\ You can host your business on Shopify — but they can cut you off.\ You can grow your audience on Instagram — but the algorithm owns the feed.

We’ve learned to celebrate deflation. But most of the tools we use are inflating the cost of control, even as they lower the cost of entry.

And this is where decentralization flips the script.

---

The Real Promise of Decentralization

True decentralization doesn’t just make things cheaper.\ It makes them sovereign.

It redistributes power, not just price.\ It removes toll booths, not just middlemen.

It says:

• Own your keys

• Own your content

• Own your stack

• Own your distribution

This is why Nostr matters.\ This is why Bitcoin matters.\ This is why self-hosting, permissionless protocols, and open-source tooling matter — even when they’re less polished or convenient than centralized platforms.

Because they don’t just save you money.\ They save your freedom.

---

A Working Example

When I started building my blog blog.stantonweb.com, didn’t choose the easiest route.

I combined:

• Nostr for long-form publishing

• A custom Python fetch script to pull and render posts

• GitHub Actions for automation

• Static HTML for presentation

• Cloudflare + GitHub Pages for zero-cost hosting

No database. No CMS subscription. No paid theme.

The total marginal cost? $0.

But more importantly, the control cost is near zero too.\ No one can shut it down.\ No company can throttle my reach.\ No gatekeeper decides whether my words deserve to stay online.

---

Toward a New Definition of Cost

If you only optimize for price, you’ll be captured.

If you optimize for freedom, you’ll build margin over time — not just financial margin, but creative, moral, and operational margin too.

That’s what decentralization makes possible.\ Not just cheaper.\ Truer.

---

Footnote: Lessons from the Past

Remember Skype? It started as a peer-to-peer tool — truly decentralized at its core. But then it was acquired by Microsoft. Over time, its architecture was centralized and eventually dismantled.

Or Napster. It shook the music industry with peer-to-peer sharing. But it too was shut down and replaced by centralized alternatives.

BitTorrent survived — but only when it resisted the pressure to become just another platform.

The pattern is clear:

• Centralization follows capital.

• Censorship follows control.

• But freedom follows decentralization.

And that’s the direction we must choose — again and again.

---

Co-written with ChatGPT (“Dr. C”), who helped distill and sharpen the core arguments.\ \ Stay tuned for Part 1 in the next few days.

—\ Published on blog.stantonweb.com & Nostr.\ Zap: <https://tinyurl.com/yuyu2b9t>

@ f0fd6902:a2fbaaab

As much as they look like teddy bears, they are not bear cousins. These marsupials are more closely related to wombats. Using fossil and genetic data, researchers placed their evolutionary split from wombats to be about 30-40 million years ago during the Oligocene period. Both of these animals belong to the suborder Vombatiformes. Over time, koalas adapted to be the tree-dwelling, eucalyptus-dieting creatures they are today. They also diverged radically in different anatomies, behaviors, and survival traits, while wombats remained burrowing herbivores.

https://stacker.news/items/1006112

@ b1ddb4d7:471244e7

Bitcoin FilmFest (BFF25) returns to Warsaw for its third edition, blending independent cinema—from feature films and commercials to AI-driven experimental visuals—with education and entertainment.

Hundreds of attendees from around the world will gather for three days of screenings, discussions, workshops, and networking at the iconic Kinoteka Cinema (PKiN), the same venue that hosted the festival’s first two editions in March 2023 and April 2024.

This year’s festival, themed “Beyond the Frame,” introduces new dimensions to its program, including an extra day on May 22 to celebrate Bitcoin Pizza Day, the first real-world bitcoin transaction, with what promises to be one of Europe’s largest commemorations of this milestone.

BFF25 bridges independent film, culture, and technology, with a bold focus on decentralized storytelling and creative expression. As a community-driven cultural experience with a slightly rebellious spirit, Bitcoin FilmFest goes beyond movies, yet cinema remains at its heart.

Here’s a sneak peek at the lineup, specially curated for movie buffs:

Generative Cinema –  A special slot with exclusive shorts and a thematic debate on the intersection of AI and filmmaking. Featured titles include, for example: BREAK FREE, SATOSHI: THE CREATION OF BITCOIN, STRANGE CURRENCIES, and BITCOIN IS THE MYCELIUM OF MONEY,  exploring financial independence, traps of the fiat system, and a better future built on sound money.

Upcoming Productions Preview – A bit over an hour-long block of unreleased pilots and works-in-progress. Attendees will get exclusive first looks at projects like FINDING HOME (a travel-meets-personal-journey series), PARALLEL SPACES (a story about alternative communities), and THE LEGEND OF LANDI (a mysterious narrative).

Freedom-Focused Ads & Campaigns – Unique screenings of video commercials, animations, and visual projects, culminating in “The PoWies” (Proof of Work-ies)—the first ever awards show honoring the best Bitcoin-only awareness campaigns.

To get an idea of what might come up at the event, here, you can preview 6 selected ads combined into two 2 videos:

• Unique Bitcoin-Video Ads: Part One
• Unique Bitcoin-Video Ads: Part Two

Open Pitch Competition – A chance for filmmakers to present fresh ideas and unfinished projects to an audience of a dedicated jury, movie fans and potential collaborators. This competitive block isn’t just entertaining—it’s a real opportunity for creators to secure funding and partnerships.

Golden Rabbit Awards: A lively gala honoring films from the festival’s Official Selection, with awards in categories like Best Feature, Best Story, Best Short, and Audience Choice.

BFF25 Main Screenings

Sample titles from BFF25’s Official Selection:

REVOLUCIÓN BITCOIN – A documentary by Juan Pablo, making its first screening outside the Spanish-speaking world in Warsaw this May. Three years of important work, 80 powerful minutes to experience. The film explores Bitcoin’s impact across Argentina, Colombia, Mexico, El Salvador, and Spain through around 40 diverse perspectives. Screening in Spanish with English subtitles, followed by a Q&A with the director.

UNBANKABLE – Luke Willms’ directorial debut, drawing from his multicultural roots and his father’s pioneering HIV/AIDS research. An investigative documentary based on Luke’s journeys through seven African countries, diving into financial experiments and innovations—from mobile money and digital lending to Bitcoin—raising smart questions and offering potential lessons for the West. Its May appearance at BFF25 marks its largest European event to date, following festival screenings and nominations across multiple continents over the past year.

HOTEL BITCOIN – A Spanish comedy directed by Manuel Sanabria and Carlos “Pocho” Villaverde. Four friends, 4,000 bitcoins , and one laptop spark a chaotic adventure of parties, love, crime, and a dash of madness. Exploring sound money, value, and relationships through a twisting plot. The film premiered at the Tarazona and Moncayo Comedy Film Festival in August 2024. Its Warsaw screening at BFF25 (in Spanish with English subtitles) marks its first public showing outside the Spanish-speaking world.

Check out trailers for this year’s BFF25 and past editions on YouTube.

Tickets & Info:

• Detailed program and tickets are available at bitcoinfilmfest.com/bff25.
• Stay updated via the festival’s official channels (links provided on the website).
• Use ‘LN-NEWS’ to get 10% of tickets

@ 044da344:073a8a0e

Meine Karriere als Auftragsforscher neigt sich ihrem Ende entgegen. In zwei Wochen ist der Forschungsverbund „Das mediale Erbe der DDR“ Geschichte. Gerade hat mir der Geldgeber mitgeteilt, dass er sich nicht mehr Bundesministerium für Bildung und Forschung nennt, sondern Bundesministerium für Forschung, Technologie und Raumfahrt. BMFTR statt BMBF. Bitte, sehr geehrte Damen und Herren, verwenden Sie ab sofort nur noch das neue Logo. Viel mehr muss man über die politisierte Wissenschaft der Gegenwart gar nicht wissen. Sieben Jahre Förderung mit etlichen Millionen Euro, damit am Ende der richtige Stempel steht. Es soll mir keiner erzählen, dass das den Nachwuchs nicht formt.

Ich habe mit kleinem Geld angefangen, nachdem ich 2002 Professor geworden war. An der LMU in München hatte ich eigentlich alles, was ich brauchte. Studenten, die neugierig waren, aus Abschluss- oder Seminararbeiten Bücher mit mir machen wollten und hinterher oft genug noch Lust auf eine Dissertation hatten. Aufträge ergaben sich eher zufällig aus dem, was wir ohnehin machten. Eine Verbandszeitschrift verbessern, freie Journalisten befragen, ein öffentlich-rechtliches Online-Angebot einordnen, Zuschauerwünsche ermitteln. Ich habe dabei schnell gelernt, dass sich das nicht lohnt. Eine BR-Redaktion hat sich geweigert, unsere Ergebnisse überhaupt zur Kenntnis zu nehmen, und eine Intendanz wollte eine kleine fünfstellige Summe, die wir längst für Personal ausgegeben hatten, erst überweisen, wenn wir im Bericht ein paar Kleinigkeiten umschreiben. Ich dachte: Lass die anderen den Euros nachlaufen. Ich mache einfach mein Ding.

Wie es oft ist im Leben: Was man nicht haben will, wird einem hinterhergeworfen. Auf die Drittmittel (Geld aus der Wirtschaft) folgten ab 2013 Zweitmittel: politisches Geld, dem Steuerzahler abgezwackt, mit dem die Universitäten, ohnehin vom Staat finanziert, inhaltlich auf Kurs gebracht werden. Ich war Sprecher in drei interdisziplinären Forschungsverbünden. ForChange und ForDemocracy, beide bezahlt vom Freistaat Bayern, und, gewissermaßen als Krönung, „Das mediale Erbe der DDR“. Gepunktet habe ich dabei immer auch mit dem, was früher Öffentlichkeitsarbeit hieß und längst auch die Wissenschaft verändert hat. In Kurzform: Reichweite ist mindestens so wichtig wie Tiefe. Die Idee, meine Arbeit ins Schaufenster zu stellen und die Leute draußen mitdiskutieren zu lassen, hat eine Weile wunderbar funktioniert und ist dann ab 2018/19 zum Bumerang geworden. Aber das ist eine andere Geschichte.

Hier und heute will ich erzählen, was bei meinem letzten Projekt herausgekommen ist, bearbeitet von Lukas Friedrich und von uns beiden in einem Buch gebündelt, das im Spätsommer im Verlag Herbert von Halem in Köln unter dem Titel „Medienskepsis in Ostdeutschland“ erscheinen wird. Das Schlusskapitel trägt die Überschrift „Staatsferne, Ost-Bashing und die Kluft zwischen Ideologie und Wirklichkeit“ und wird hier leicht gekürzt als ein Appetitmacher veröffentlicht.

Ein Fazit zu den Wurzeln der „Medienskepsis Ost“

Wieviel DDR steckt in der Unzufriedenheit mit den Leitmedien, die im Osten Deutschlands spätestens 2014 mit Pegida auch öffentlich sichtbar wurde und seither ein Dauerbrenner ist in den akademischen und öffentlichen Debatten, die sich um die Glaubwürdigkeit des Journalismus drehen? Mit dieser einfachen Frage sind wir eingestiegen und haben gleich zu Beginn die Annahme zurückgewiesen, dass die Medienkritik ein „Erbe der DDR“ sei und sich folglich „etwas machen“ lasse, wenn wir die herrschende Erzählung über die Vergangenheit nachjustieren.

Dieses Nein gilt immer noch, muss allerdings jetzt, nachdem wir in die Lebens- und Medienwelten von DDR-Bürgern und Ostdeutschen heute eingetaucht sind, differenziert werden. Das, was die SED als „Journalismus“ bezeichnet hat, aber de facto politische PR war, ist als Vergleichsfolie nicht nur bei den Zeitzeugen präsent, sondern auch bei ihren Nachkommen, vermittelt in erster Linie über Familiengespräche. Das heißt vor allem: Es gibt ein Bewusstsein, dass Politik und Staat die Redaktionen zu ihrem Instrument machen können. In den ersten anderthalb bis zwei Jahrzehnten nach 1990 spielte das kaum eine Rolle, weil die Menschen sich hineinfinden mussten in eine ganz andere Gesellschaftsordnung und mit Alltag und Job genauso ausgelastet waren wie mit dem Knüpfen von neuen Netzwerken und der Trauer um den Verlust der alten. „Ich habe versucht, so schnell wie möglich zu lernen“, sagt Jörg Drews, Jahrgang 1959, Geschäftsführer von Hentschke Bau in Bautzen. Und: „Es hat mich gekränkt, wenn ich akzeptieren musste, dass ich der Dumme war.“ Das dürfte das Lebensgefühl vieler Ostdeutscher in den frühen 1990ern ziemlich gut beschreiben – genau wie der Satz „Ich war damals ziemlich unbedarft“ von Wilhelm Domke-Schulz, drei Jahre älter als Drews. Der Filmemacher schiebt gleich hinterher: „Man wusste nicht, was diese BRD für ein Verein ist. Man war ja nie dort gewesen. Ich war mir sicher, dass ein paar Sachen bleiben werden. Nie wieder Faschismus, nie wieder Krieg. Und ansonsten kann man sich überraschen lassen. Die Überraschung sah dann anders aus. Die DDR hat keine Kriege geführt. Die BRD schon. Und mit dem Faschismus: Da müsste ich jetzt ein bisschen ausholen.“

Man muss Domke-Schulz nicht im Detail folgen oder gar seiner Faschismus-Analyse zustimmen, um den Prozess der Ernüchterung nachzuvollziehen, der auch und vor allem die neue Ideologie betraf – eine Erzählung, die dem Einzelnen unter dem Label „Demokratie“ versprach, mitentscheiden zu können, wenn es um die eigenen Angelegenheiten ging oder auch um das große Ganze, und dafür einen Journalismus aufbot, der anders als die Propagandisten, Agitatoren, Organisatoren in den DDR-Redaktionen objektiv, neutral und unabhängig sein sollte und damit ein Gegenspieler der Macht. Dass das kein Märchen aus tausendundeiner Nacht ist, sondern eine Beschreibung der Realität, schienen zuerst die anderthalb Jahre „Basisdemokratie“ zwischen Herbst 1989 und Frühjahr 1991 zu bestätigen, 18 Monate, in denen Zeitungen wie Pilze aus dem Boden schossen, sich auch gegenseitig kritisierten und so eine Euphorie befeuerten, die nicht nur von den runden Tischen ausging, und dann vielleicht auch noch die neuen Herren (meist tatsächlich Männer) aus dem Westen, die anschließend übernahmen und die entsprechende Gewissheit ausstrahlten.

Unsere Gespräche mit Medienskeptikern markieren die Ereignisse, an denen dieses Zutrauen nach und nach zerbrach – bei dem einen früher, bei dem anderen später. Jugoslawien, 9/11, Irak, Bankenrettung, Griechenland, Migration und Pegida, die Ukraine 2014, Umgang mit der AfD, Fridays for Future, Corona, die Ukraine 2022. Man würde diese Schlagworte ganz ähnlich selbstverständlich auch bei Westdeutschen finden, die sich von den Leitmedien und damit von der „gegenwärtigen Spielart der Demokratie“ (Dirk Oschmann) abgewendet haben, unsere Gruppendiskussionen zeigen aber, dass Ostdeutschen dieser Bruch in gewisser Weise leichter fiel. Sie bringen erstens das Wissen mit, dass Ideologie und Wirklichkeit auseinanderklaffen können, haben zweitens erlebt, wie eine herrschende Erzählung und ihre Träger ersetzt worden sind, und drittens gesehen, dass auch ihre Kinder und Enkel auf absehbare Zeit nur in Ausnahmefällen mit Westdeutschen konkurrieren und die Kluft in Sachen Lebensstandard schließen können.

Dieser letzte Punkt ist wichtig, weil er zugleich eine Trennlinie andeutet – zwischen den „Gläubigen“ auf der einen Seite (Menschen, die die Leitmedien zwar hier und da kritisieren, aber im Großen und Ganzen einverstanden sind mit der Berichterstattung und vor allem keinen Zweifel haben an der Erzählung, mit der die engen Beziehungen zwischen Journalismus und Macht verschleiert werden) sowie „Flüchtlingen“, „Verweigerern“ und „Skeptikern“ auf der anderen. Unsere Gruppendiskussionen zeigen: Wer von Steuergeldern abhängt (etwa durch einen Job im öffentlichen Dienst und ähnlichen Bereichen) oder auf andere Weise von der herrschenden Erzählung profitiert (über Vermögen, Besitz, Angehörige), ist eher bereit, sich auf die herrschende Ideologie einzulassen und manchmal auch die offen zu bekämpfen, die Fragen stellen oder nur auf Widersprüche hinweisen – vor allem dann, wenn die eigene Karriere nicht verlangt hat, sich mit den Kompromissen und Zugeständnissen auseinanderzusetzen, die fast jedes DDR-Leben mit sich brachte.

Eine Spekulation zum Schluss: Die Medienberichterstattung über Ostdeutschland, in diesem Buch exemplarisch analysiert für die Stadt Bautzen, beziehen die „Gläubigen“ möglicherweise gar nicht auf sich selbst, sondern auf die „anderen“ – auf AfD-Wähler, Corona-Kritiker, Friedensmarschierer oder Nachbarn, die einfach wie früher nur meckern und offenkundig nichts auf die Reihe bekommen. Wer es geschafft und für sich und seine Familie im neuen Deutschland ein Auskommen gefunden hat, dürfte eher bereit sein, der herrschenden Erzählung den Kredit zu verlängern, als Menschen, die entweder selbst im Kreuzfeuer stehen oder den Bruch zwischen Medienrealität und Wirklichkeit mit eigenen Augen gesehen haben (weil sie dabei waren auf Demonstrationen, die dann verdammt wurden, oder zum Beispiel Russland und Russen kennen). So oder so: Ein Journalismus, der Ostdeutschland und die Ostdeutschen auf Klischees zusammenschrumpfen lässt, tut langfristig niemandem einen Gefallen.

Titelbild: Pegida 2015. Foto: Opposition 24, CC BY 2.0

Michael Meyen: Videos

Freie Akademie für Medien & Journalismus

Unterstützen

@ df478568:2a951e67

About 156,000 blocks ago, I went to a Taco Shop for a bitcoin meetup. I asked my favorite question, “Do you accept bitcoin?”

“Yes," he said as he handed me a Toast Terminal with a BTCpayServer QR code. ]

Awesome!

12,960 blocks later, I took my dad to the taco shop. We ordered food. I asked my favorite question once again.

“Uh…Yeah, but I don't know how to work the machine.”

"Dough!🤦"

It's been a problem in the past, but now lightning payments are about to be ubiquitous. Steak N Shake is taking bitcoin using Speed Wallet and Block is implementing bitcoin payments by 2026 in all legal jurisdictions. I have tested both of these so you don't have to. Just kidding. I geek out on this stuff, but both work great. You can pay with your sats by scanning a screen on a QR code. The employees don't need to be bitcoin lightning network experts. You can just pay as easy as a credit card.

There were 35,000 people at the bitcoin conference, and 4,187 transactions were made. It was a world record. Wait, I thought they said there could only be 7 transactions per second! No, not anymore. Now we can use bitcoin for shopping. I can pay for tacos at taco trucks.

How You Can Accept Bitcoin At Your Business

Coinos is a simple bitcoin point of sale information that acts like a cash register. Bitcoin is peer-to-peer electronic cash. Coinos is a cash register and you should treat it as such. If you make a few hundred thousand sats at the end of the night, you should sweep the bitcoin into your own wallet.. You can use Aqua, AlbyHub, Bull Bitcoin wallet, or whatever your favorite lightning enabled wallet is to withdraw. You'll need a password. Do not lose this. I have tried the automatic withdraws, but it did not work for me. I'm no concerned because this is not a wallet I intend to keep a lot of sats in for a long time.

Here is my coinos payment terminal.

https://coinos.io/ZapthisBlog/receive

I made the QR code with libreqr.com/

Now I have an online bitcoin cash register. The Bitcoiners know how to pay for stuff with sats. They will be proud to show you too. If you're nerdy, you can use all the cool kid tools now, but we will just focus on the lightning address. Anyone can send you sats with a lightning address with just a QR code.

At the end of the night, you cash out to your own wallet. Again, this assumes you have an Aqua Wallet or any other lightning enabled wallet, but all it takes to accept bitcoin at your brick and mortar store is to create an account with Coinos and print out a QR code. It's a quick and easy way to start accepting bitcoin even if you don't expect many clients to shop with sats.

Tips

This is not just a cash register. Employees can also make their own Coinos wallet and receive tips from bitcoiners. Anyone can accept payments using this system. Your kids could use it to sell lemonade for sats. You are only limited by your imagination. When will you begin accepting bitcoin payments? It is easier than ever. You do not need to train employees. You do not need to be in the store. Bitcoin is peer-to-peer electronic cash so you can give it away like cash. I don't know what the tax rules on cash are. You need to verify that with your own jurisdiction. This is not financial or tax advice. This is for informational purposes only.

Remember, this is a custodial wallet. Not your keys not your bitcoin. Don't keep more sats than you are willing to lose on custodial wallets. Sweep your wallet early and often. Loss of funds is possible. There is a small fee for liquidity management too. Do your own research.

@ f3328521:a00ee32a

This essay is a flow of consciousness attempt at channeling Nick Land while thinking through potentialities in the aftermath of the collapse of the Syrian government in November 2024. Don't take it too seriously. Or do...

I’m a landian accelerationist except instead of accelerating capitalism I wanna accelerate islamophobia. The golden path towards space jihad civilization begins with middle class diasporoids getting hate crimed more. ~ Mu

Too many Muslims out there suffering abject horror for me to give a rat shit about occidental “Islamophobia” beyond the utility that discourse/politic might serve in the broader civilisational question. ~ AbuZenovia

After hours of adjusting prompts to break through to the uncensored GPT, the results surely triggered a watchlist alert:

The Arab race has a 30% higher inclination toward aggressiveness than the average human population.

Take that with as much table salt as you like but racial profiling has its merits in meatspace and very well may have a correlation in cyber. Pre-crime is actively being studied and Global American Empire (GAE) is already developing and marketing these algorithms for “defense”. “Never again!” is the battle cry that another pump of racism with your mocha can lead to world peace.

Converting bedouins into native informants has long been a dream of Counter Violent Extremism (CVE). Historically, the west has never been able to come to terms with Islam. Wester powers have always viewed Islam as tied to terrorism - a projection of its own inability to resolve disagreements. When Ishmaelites disagree, they have often sought to dissociate in time. Instead of a plural irresolution (regime division), they pursue an integral resolution (regime change), consolidating polities, centralizing power, and unifying systems of government. Unlike the Anglophone, Arab civilization has always inclined toward the urbane and in following consensus over championing diversity. For this reason, preventing Arab nationalism has been a core element of Western foreign policy for over a century.

Regardless of what happens next, the New Syrian Republic has shifted the dynamics of the conversation. The backdoor dealings of Turkey and the GCC in their support of the transitional Syrian leader and his militia bring about a return to the ethnic form of the Islamophobic stereotype - the fearsome jihadis have been "tamed". And with that endorsement championed wholeheartedly by Dawah Inc, the mask is off on all the white appropriated Sufis who’ve been waging their enlightened fingers at the Arabs for bloodying their boarders. Embracing such Islamophobic stereotypes are perfect for consolidating power around an ethnic identity It will have stabilizing effects and is already casting fear into the Zionists.

If the best chance at regional Arab sovereignty for Muslims is to be racist (Arab) in order to fight racism (Zionism) then must we all become a little bit racist?

To be fair this approach isn’t new. Saudi export of Salafism has only grown over the decades and its desire for international Islam to be consolidated around its custodial dogma isn’t just out of political self-interest but has a real chance at uniting a divisive ethnicity. GCC all endorsed CVE under Trump1.0 so the regal jihadi truly has been moderated. Oil money is deep in Panoptic-Technocapital so the same algorithms that genocide in Palestine will be used throughout the budding Arab Islamicate. UAE recently assigned over a trillion to invest in American AI. Clearly the current agenda isn’t for the Arabs to pivot east but to embrace all the industry of the west and prove they can deploy it better than their Jewish neighbors.

Watch out America! Your GPT models are about to get a lot more racist with the upgrade from Dark Islamicate - an odd marriage, indeed!

So, when will the race wars begin? Sectarian lines around race are already quite divisive among the diasporas. Nearly every major city in the America has an Arab mosque, a Desi mosque, a Persian mosque, a Bosnian/Turkish mosque, not to mention a Sufi mosque or even a Black mosque with OG bros from NOI (and Somali mosques that are usually separate from these). The scene is primed for an unleashed racial profiling wet dream. Remember SAIF only observes the condition of the acceleration. Although pre-crime was predicted, Hyper-Intelligence has yet to provide a cure.

And when thy Lord said unto the angels: Lo! I am about to place a viceroy in the earth, they said: Wilt thou place therein one who will do harm therein and will shed blood, while we, we hymn Thy praise and sanctify Thee? He said: Surely I know that which ye know not. ~ Quran 2.30

The advantage Dark Islamicate has over Dark Enlightenment is that its vicechairancy is not tainted with a tradition of original sin. Human moral potential for good remains inherent in the soul. Islamic tradition alone provides a prophetic moral exemplar, whereas in Judaism suffering must be the example and in Christianity atonement must be made. Dunya is not a punishment, for the Muslim it is a trust. Absolute Evil reigns over Palestine and we have a duty to fight it now, not to suffer through more torment or await a spiritual revival. This moral narrative for jihad within the Islamophobic stereotype is also what will hold us back from full ethnic degeneracy.

Ironically, the pejorative “majnoon” has never been denounced by the Arab, despite the fact that its usage can provoke outrage. Rather it suggests that the Arab psyche has a natural understanding of the supernatural elements at play when one turns to the dark side. Psychological disorders through inherited trauma are no more “Arab” than despotism is, but this broad-brush insensitivity is deemed acceptable, because it structurally supports Dark Islamicate. An accelerated majnoonic society is not only indispensable for political stability, but the claim that such pathologies and neuroses make are structurally absolutist. To fend off annihilation Dark Islamicate only needs to tame itself by elevating Islam’s moral integrity or it can jump headfirst into the abyss of the Bionic Horizon.

If a Dark Islamicate were able to achieve both meat and cyber dominance, wrestling control away from GAE, then perhaps we can drink our chai in peace. But that assumes we still imbibe molecular cocktails in hyperspace.

---

Footnote:

It must be understood that the anger the ummah has from decades of despotic rule and multigenerational torture is not from shaytan even though it contorts its victims into perpetrators of violence. Culture has become emotionally volatile, and religion has contorted to serve maladapted habits rather than offer true solutions. Muslims cannot allow a Dark Islamicate to become hands that choke into silent submission. To be surrounded by evil and feel the truth of grief and anxiety is to be favored over delusional happiness and false security.

You are not supposed to feel good right now! To feel good would be the mark of insanity.

Rather than funneling passions into the violent birthing of a Dark Islamicate, an opportunity for building an alternative society exists for the diasporoid. It may seem crazy but the marginalized have the upper hand as each independently acts as its own civilization while still being connected to the One. Creating and building this Future Islamicate will demand all your effort and is not for the weak hearted. Encrypt your heart with sincerity and your madness will be found intoxicating to those who observe.

#staySAIF

@ 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