-
@ 93bfc86d:fc8e91f5
2025-06-15 09:38:50M of N 분산
이번 5월 BSL 컨퍼런스와 비트코인 서울 2025 컨퍼런스에서 펜락(Penlock) 프로젝트에 참여하고 있는 한 분을 만났다. 아마 이 분을 만난 한국인 분들이 더 있을 텐데, 현재는 익명을 원하시므로 프라이버시 보호를 위해 실명을 언급하는 것은 주의하는 것이 좋겠다.
키를 M of N으로 분산하는 방식 중 내가 알고 있는 건 멀티시그와 샤미르 분산이다.
멀티시그는 각자가 키를 생성하지만,
1. 스크립트 길이가 길어지고, 스크립트를 해시로 감싼다고 해도 일반 주소보다 길다.
2. 일반적인 P2MS는 공개키가 드러나므로 프라이버시 보장이 안 되고, P2SH로 감싸도 서명할 때 각자의 공개키가 드러난다(리딤 스크립트가 드러나므로).
이런 특징을 갖고 있다.
샤미르 분산은 하나의 키를 분산하는 방식이므로,
1. 키를 복원했을 때는 결국 하나의 키가 생성되므로 키가 복원되었을 때 보안에 매우 주의해야 한다.
2. 하지만 외부에서 볼 때는 어떤 방식으로 분할이 되었는지 알 수가 없으므로 프라이버시에 좋다.
이런 특징을 갖고 있다.
M of N은 회사에서의 권한 분산, 상속, 위험 지점 분산, 신뢰 지점 분산 등에 사용할 수 있을 것이다. 하지만 나는 멀티시그와 샤미르 분산이 둘 다 M of N을 구현하지만 그 특성이 약간 다르기 때문에 적합한 용처도 다르다고 생각한다. 만약 한 기업이 여러 이사진의 의사결정 과정에서 권한을 분산해야 한다면 멀티시그 방식이 훨씬 나을 것이다. 이사 각각이 서명하면 되기 때문이다. 여기다가 샤미르 분산을 쓴다면 이사 몇 명이 모여 키 하나를 생성했을 때 쪼개기 전의 원래 하나의 키가 생기므로 권한 분산에 차질이 생길 수 있다. 그 키를 갖는 사람이 갑자기 모든 권한을 가질 수 있게 되기 때문이다. 거꾸로 한 개인이 키를 백업하고자 하는데 키를 분실하거나 화재나 기타 재난 등의 이유로 파괴될 것에 대비하여 여러 장소에 분산하여 보관하고 싶다면 샤미르 분산이 더 적합할 것이다. 키 조각들을 합쳐서 원래 키가 생겼을 때 그 키는 어차피 한 개인이 쓰는 것이므로 권한 구조가 갑자기 한 곳으로 몰리는 것에 대해 걱정할 필요가 없기 때문이다.
그런데 샤미르 분산은 멀티시그보다 직관적이진 않은 것 같다. 멀티시그는 스크립트 구조를 보면 바로 어떤 구조인지 알 수 있다. 손으로 따라 쓸 수도 있는 수준이다. 하지만 트레저가 도입한 샤미르 분산인 SLIP-0039 같은 형식은 직관적이지가 않다. 일단 샤미르 분산이 다항함수를 통한 비밀 분산을 쓰는 원리라는 걸 이해해야 하고(키 조각이 부족하면 부정방정식이 되어서 복구 불가), 그걸 통해 복구하는 과정에서 사용하는 라그랑주 보간법이 인간이 손으로 계산하기에는 너무 어렵다. 키를 분할하고 복구하는 과정이 수학적인 함수 공간에서 정의되고, 사용자는 키 조각들만 보게 되므로 내부 구조에 대해 직관적으로 이해하기가 어렵다.
오프라인 손 계산과 직관적 이해
조금 다른 주제로 넘어가보자. 나는 기술의 사용자들이 그 기술을 '직관'적으로 이해할 수 있는 지가 매우 중요하다고 생각한다. 비트코인 경험에는 특히 '검증'이 중요한데 어떤 기술을 직관적으로 이해할 수 없다면 검증은 전문가들만의 전유물이 되기 때문이다.
예를 들어보자. 앨리스, 밥, 캐롤이 각각 니모닉을 만들었다.
1. 앨리스는 기계가 생성해준 니모닉을 사용한다. 기계는 SE칩 내부에 있는 전자의 브라운 운동 등을 엔트로피로 이용해 랜덤한 엔트로피를 생성했다. 하지만 앨리스는 이 사실을 모르고, 따라서 기계를 신뢰해야 한다. 앨리스는 기계가 생성해 준 엔트로피가 충분히 랜덤하고 안전하다고 "믿고 있다." 사실이 그런지 아닌지와는 별개로 말이다.
2. 밥은 주사위를 던져서 만든 니모닉을 사용한다. 하지만 주사위를 던졌을 때 나온 값이 어떻게 니모닉으로 변환되는지는 모른다. 기계는 주사위를 던져 나온 숫자를 유니코드 문자열로 인식하여 SHA256을 한 번 돌린 뒤, 그 해시값을 엔트로피로 사용한다. 밥은 자신이 직접 주사위를 던졌으므로 엔트로피가 랜덤하게 생성되었다는 것은 직관적으로 알지만, 그 숫자가 어떻게 니모닉으로 계산된 건지는 모른다.
3. 캐롤은 직접 동전을 던져 0, 1을 기록하고 자신이 직접 니모닉 표를 보며 니모닉을 대응시켰다. 따라서 캐롤은 자신이 사용하는 니모닉이 랜덤하다는 것도 이해하고 있으며, 랜덤한 엔트로피를 어떻게 니모닉에 대응시키는지도 알고 있다.
세 가지 경우 중 누가 니모닉에 대해 가장 잘 직관적으로 이해하고 있겠는가? 당연히 3번 캐롤이다. 이렇듯 오프라인에서 동전을 던져 직접 엔트로피를 생성하고, 표를 보며 손으로 직접 니모닉에 대응시키는 과정은 니모닉을 직관적으로 이해하는 데 매우 중요하다.
솔직히 3번의 경우도 완전히 신뢰 지점이 없진 않다. 왜냐하면... 니모닉의 체크썸을 계산하는 과정에서 해싱을 해야 하기 때문이다. 손으로 SHA256 함수를 계산할 수 있는 게 아니라면... 캐롤은 어떤 기계에게 체크섬 생성을 맡길 수밖에 없다. 그러면 적어도 그 과정에 대한 이해의 폭은 제한될 수밖에 없다.
오프라인에서 계산하는 경험들이 왜 직관적인 이해에 더 도움이 될까? 그 과정들을 자신이 온전히 통제하기 때문이다. 기계에 맡겨야 하는 순간에는 그 기계 안에서 무엇이 일어나는지 알 수 없으며 따라서 자신의 통제 밖에 있다.
펜락 프로젝트
서론이 길었다! 다시 샤미르 분산 이야기로 돌아오겠다. 샤미르 분산을 '손으로 계산'해 키 조각을 만들고, 키 조각들을 모아 다시 오프라인에서 '손으로 계산'해 하나로 만들 수 있을까? 거의 불가능에 가까울 것이다!
그런데 이번에 BSL 컨퍼런스에서 펜락 프로젝트에 참여하고 있는 한 분을 우연히 만나 인사를 나눴고, 며칠 뒤 있는 비트코인 서울 컨퍼런스에서 그 분이 나한테 선물을 주셨다. 바로... 아래 사진의 회전판이다. 직접 가위로 자르고 핀을 꽂는 것까지 봤다(컨퍼런스 강연 중에 뒷자리에서 가위로 자르고 있어서 웃음을 참을 수가 없었다ㅋㅋㅋ). 나는 이 귀엽고 조악한 회전판을 처음 봤을 때 이 위력에 대해 알지 못했다...
이 펜락 프로젝트 회전판은... 샤미르 분산처럼 하나의 키를 키 조각으로 나누고, 그 키 조각들을 오프라인에서 원래 키로 복구할 수 있게 만들어준다. 이게 작동하는 걸 처음 봤을 때 나는 정말 정말 x21 엄청나게 놀랐다.
사용 방법을 간단히 말해보자면, 메인 키(니모닉)가 있으면 니모닉 한 단어의 앞 4개 문자만 적는다(이유는 다들 아실 거라 생각... 니모닉은 앞 4글자가 겹치는 경우가 없기 때문). 그 다음에 두 숫자를 뽑는다. 1–32까지의 숫자 한 장, 그리고 1–32까지의 숫자인데 흰 동그라미/검은 동그라미 나눠져있는 걸로 한 장(그러면 총 64가지 경우일 것이다). 그러면 32*64 = 2,048가지 경우가 나온다. 그리고 체크섬을 표에서 찾아 적는데, 솔직히 추가 체크썸이 왜 필요한 건지는 아직 이해를 못했다. 진짜로 이 오프라인 과정을 해보며 생길 수 있는 오류를 잡기 위한 체크썸인 것으로 이해된다.
어쨌든 하이라이트는 지금부터인데... 자, 니모닉에서 'F'라는 단어가 있다고 해보자. 그러면 아래 사진처럼 눈금을 F에다 둔다. 그 다음 랜덤한 숫자를 뽑는다. 그렇게 뽑은 숫자가 22이라고 해보자. 그러면 회전판 내부에서 22, 23, 24에 있는 문자를 각각 아래에 적는다. 이게 키 조각이다... F가 ① V, ② P, ③ J 이렇게 세 가지 조각으로 분할 된 거다.
이제 세 개의 키 조각 ① V, ② P, ③ J로 키를 복구하는 상황을 생각해보자. 만약 ③번 키 조각인 J가 화재로 날아가버렸다. 2 of 3이니 그래도 키 조각이 두 개만 있어도 복구할 수 있다. ①번 키 조각인 V와, ②번 키 조각인 P를 조합해 키를 복구해보겠다. 그러면 회전판을 움직여... P가 V를 바라보게 하면 된다. 사진에서 빨간 박스로 표시한 부분이다. 그러면 큰 눈금이 원래 키인 F를 가리키게 된다. 정말 미쳤다! 만약, ②번 키 조각 P와, ③번 키 조각 J가 있다면 J가 P를 바라보게 하면 된다. 만약 ③번 키 조각 J와, ①번 키 조각 V로 키 복구를 시도한다면 J가 V를 바라보게 하고, 대신 ③번이 ①번을 바라보게 하는 것처럼 순환하는 상황에는 큰 눈금이 아니라 내부 1번 네모칸을 읽어야 한다.
펜락 회전판의 뒷면을 보면 이걸 어떻게 구현했는지 대강 알 수가 있다. 펜락 프로젝트는 반지름을 조금씩 다르게 하고, 회전 각도를 서로소인 두 숫자를 이용해 글자들이 겹치지 않도록 구현한 걸로 보인다. 말로 설명했지만, 직접 해봐야 "미쳤다!" 소리가 저절로 나온다. 이거 직접 해보면 ~비속어가 나올 정도로~ 놀란다. 정말로.
펜락 프로젝트는 오픈 소스라고 하고, 최고 개발자는 ganrama이다(사이트는 아직 베타라서 내용들이 채워지고 있는 걸로 보인다ㅎㅎ).
https://github.com/ganrama
https://beta.penlock.io/
나는 비트코인에서 나오는 프로젝트들을 일단 의심부터 하고 보는 편이다. 그런데 펜락은 직관적으로 다 이해가 되기 때문에 현재는 우려할만한 점이 생각나지 않는다. 비트코인 프로젝트들 중에는 편리함, 보안, 프라이버시 중 무언가를 희생시키고 그걸 교묘히 감추려고 하거나 비즈니스 모델을 만들다가 초기의 정신을 잊는 경우가 많다. 그런데 이 프로젝트는 그에 해당할 만한 게 없는 것 같아서 일단 의심의 눈초리를 거두고 응원한다. 내가 오프라인에서 직접 키를 분할해보고, 조합해본 경험이 너무 강렬하게 작용했기 때문인 것 같다. 펜락 대표 개발자가 올해 하반기에 기회가 된다면 한국에서도 소개하고 싶다고 하니 계속 관심을 갖고 지켜보려고 한다.
-
@ 7e6f9018:a6bbbce5
2025-06-15 09:10:25
The velocity of money inform us about how quick the money moves, and is a frequent indicator to research the current economic environment.
An interesting twist is using housing instead of money. Why? The main reasons that come to mind are:
-
It’s easier to measure housing velocity than dollar velocity.
-
Data on housing transactions is more reliable.
-
Residential real state is the largest store of wealth in the world.
> The residential real estate is worth $287 trillion. Not even all the money deposited in stocks ($98 trillion) and bonds ($129 trillion), added together, surpass the residential real state market. In a way, housing is the economy.
The next chart shows the velocity of housing in Spain, where we observe a negative correlation of -0.53, which is quite significant. This suggests that the higher the housing velocity, the higher the inflation; and the lower the housing velocity, the lower the inflation.
> The velocity is a measurement of the rate at which the current stock of houses is exchanged. The lower the value, the higher the velocity. A ratio of (x) means that it would take (x) years to exchange the stock at current speed.
Therefore, by knowing how quickly the housing sector is moving, we can infer whether we are living under an inflationary or deflationary period.
Currently, housing velocity has been increasing, reaching a value of 36 in 2025, a relatively high figure (all time high was 28 in 2006), and at the same time, we are experiencing an inflationary period. Hopefully this data can help us navigate the economic world and invest accordingly.
-
-
@ 866e0139:6a9334e5
2025-06-15 06:23:31
Autor: Jonas Tögel. Dieser Beitrag wurde mit dem Pareto-Client geschrieben. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier. Die neuesten Pareto-Artikel finden Sie in unserem Telegram-Kanal.
Die neuesten Artikel der Friedenstaube gibt es jetzt auch im eigenen Friedenstaube-Telegram-Kanal.
Eine der wichtigste Säulen einer funktionierenden Demokratie ist die sogenannte „öffentliche Sphäre“ (1), ein Debattenraum, in den sich alle Menschen gleichberechtigt einbringen und über aktuelle, für die Gemeinschaft wichtige Fragen diskutieren können. In Deutschland ist die Offenheit dieses Debattenraumes eigentlich durch fundamentale Grundrechte wie die Meinungs- und Pressefreiheit geschützt.
https://www.youtube.com/watch?v=FHF6rjDbK9w
Soziale Medien im Visier
Dennoch wird der öffentliche Diskurs derzeit immer stärker eingeschränkt. Als Rechtfertigung dafür wird seit einigen Jahren der sogenannte Kampf gegen „Desinformation“ oder auch „Falschinformation“ (Misinformation) angeführt: Unter dem Vorwand, die Bevölkerung vor schädlicher Einflussnahme von außen, beispielsweise aus Russland, schützen zu wollen, wird der öffentliche Diskurs mit Hilfe von „Faktencheckern“, „Trusted Flaggern“ oder durch das „Gesetz für Digitale Dienstleistungen“ (Digital Services Act) massiv eingeschränkt, wobei vor allem soziale Medien verstärkt ins Visier genommen werden.
In der Propagandaforschung ergibt sich bei dem vorgeblichen Kampf gegen „Desinformation“ jedoch das Problem, dass die Begriffe selbst, die als Rechtfertigung dafür verwendet werden, um den öffentlichen Diskurs einzuschränken und bestimmte Inhalte zu löschen, nicht eindeutig definiert sind. Auch was „falsche Tatsachenbehauptungen“ sind, kann letztlich nur der offene, öffentliche Diskurs entscheiden. Wenn das, was „falsch“ oder „richtig“ ist, durch eine einzelne Instanz im Alleingang entschieden wird, dann landet man bei dem, was George Orwell in seinem bekannten Roman 1984 als „Wahrheitsministerium“ beschrieb: ein Ministerium, das auch noch nach Jahren alle verfügbaren Informationen dem aktuellen Stand der „Wahrheit“ anpasst – selbst wenn diese sich ständig ändern sollte. (2)
Auch heute steht immer wieder der Vorwurf im Raum, dass der Kampf gegen „Desinformation“ sowie der Kampf gegen „russische Desinformation“ gezielt genutzt werden, um im Kampf um die Deutungshoheit das eigene, westliche Narrativ durchzusetzen. Diesen Punkt habe ich ausführlich in meinem Artikel in der Berliner Zeitung dargelegt.
Wie unehrlich der Kampf gegen falsche Informationen tatsächlich ist, kann folgendes konkrete Beispiel zeigen: Die deutsche Politikerin und ehemalige Vorsitzende des Verteidigungsausschusses im Bundestag, Marie-Agnes Strack-Zimmermann, erklärte in einer am 24. März 2025 im ORF2 ausgestrahlten Sendung:
„Wladimir Putin ist ein Mörder, ein Killer, der hunderte von Millionen Menschen unter die Erde gebracht hat.“
In der gleichen Sendung behauptete Strack-Zimmermann, dass die Ukraine 70 Milliarden Menschen ernähre. Besonders bemerkenswert dabei ist, dass ihr niemand in der Sendung widersprach.
Wenn man beide Zahlen einordnen möchte, dann sollte man sich einerseits bewusst machen, dass Strack-Zimmermann damit behauptet, dass der russische Präsident mehr Menschen „unter die Erde gebracht hat“, als laut offiziellen Zahlen im Ersten und Zweiten Weltkrieg zusammen gestorben sind. Andererseits sollte man wissen, dass die Weltbevölkerung insgesamt bei ca. 8,2 Milliarden Menschen liegt, die Ukraine laut dieser Aussage somit die gesamte Weltbevölkerung ca. 8,5 Mal ernähren könnte.
DIE FRIEDENSTAUBE FLIEGT AUCH IN IHR POSTFACH!
Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt, vorerst für alle kostenfrei, wir starten gänzlich ohne Paywall. (Die Bezahlabos fangen erst zu laufen an, wenn ein Monetarisierungskonzept für die Inhalte steht). Sie wollen der Genossenschaft beitreten oder uns unterstützen? Mehr Infos hier oder am Ende des Textes.
Das Messen mit doppeltem Maß
Als der Autor daher beschloss, die Äußerungen von Strack-Zimmermann bei mehreren, einschlägigen Meldeportalen für „Desinformation“ als gefährliche Hassrede zu melden, war das Ergebnis umso erstaunlicher: entweder erklärten sich die Meldeportale für das öffentlich-rechtliche Fernsehen nicht zuständig, oder sie lehnten eine Bearbeitung des Falles und einen Faktencheck der getroffenen Aussagen ab, da es wichtigere Fälle zu bearbeiten gäbe und leider keine Kapazitäten zur Prüfung dieses Aussagen zur Verfügung stünden.
Dieses konkrete Beispiel soll zeigen, wie wichtig es ist, den vorgeblichen Kampf gegen „Desinformation“ oder auch „russische Einflussnahme“ als das einzuordnen, was er in vielen Fällen ist: ein unehrlich Kampf um die Deutungshoheit und damit ein gefährlicher Bestandteil von dem, was man ehrlicherweise als Kriegspropaganda bezeichnet.
Den Bürgerinnen und Bürgern bleibt somit nur, alle Informationen selbst kritisch auf ihren Wahrheitsgehalt hin zu prüfen und selbst zu entscheiden, was als wertvolle Information und was als manipulative „Desinformation“ eingestuft werden kann. Je besser es gelingt, tatsächliche Desinformation und Kriegspropaganda aller an einem Krieg beteiligten Nationen zu hinterfragen, umso schwerer wird es, diesen Krieg zu führen. Damit ist das Durchschauen von unehrlichen Schlagwörtern wie „Desinformation“ oder „Falschinformation“ ein erster, wichtiger Schritt zur Neutralisierung von Kriegspropaganda und bildet das Fundament, das den Weg zum Frieden dadurch möglich macht. Jeder einzelne hat somit die Möglichkeit, diesen Weg zum Frieden aktiv mitzugestalten. Hier kann der Mut, sich jeden Tag im persönlichen Umfeld in den öffentlichen Diskurs einzubringen und die Friedensbotschaft zu stärken, bereits einen wichtigen Beitrag leisten.
(1) Habermas, Jürgen. 1971/1962. Strukturwandel der Öffentlichkeit. Untersuchungen zu einer Kategorie der bürgerlichen Gesellschaft. 5th ed. Neuwied/Berlin.
(2) Orwell, George (1948). 1984. Seite 193 ff.
Dr. Jonas Tögel ist Amerikanist, Propagandaforscher und *Bestsellerautor. Er hat zum Thema Soft Power und Motivation promoviert und arbeitet als wissenschaftlicher Mitarbeiter am Institut für Psychologie der Universität Regensburg. Seine Forschungsschwerpunkte sind unter anderem Motivation, der Einsatz von Soft-Power-Techniken, Nudging, Propaganda sowie Geostrategie. *
Zuletzt erschien sein Buch „Kriegsspiele“ im Westend-Verlag.
Website: *www.jonastoegel.de *
X (Twitter): *https://x.com/JonasToegel *
YouTube: *https://www.youtube.com/@DrJonasToegel *
Instagram: *https://www.instagram.com/drjonastoegel/ *
Telegram: https://t.me/drjonastoegel
LASSEN SIE DER FRIEDENSTAUBE FLÜGEL WACHSEN!
In Kürze folgt eine Mail an alle Genossenschafter, danke für die Geduld!
Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt.
Schon jetzt können Sie uns unterstützen:
- Für 50 CHF/EURO bekommen Sie ein Jahresabo der Friedenstaube.
- Für 120 CHF/EURO bekommen Sie ein Jahresabo und ein T-Shirt/Hoodie mit der Friedenstaube.
- Für 500 CHF/EURO werden Sie Förderer und bekommen ein lebenslanges Abo sowie ein T-Shirt/Hoodie mit der Friedenstaube.
- Ab 1000 CHF werden Sie Genossenschafter der Friedenstaube mit Stimmrecht (und bekommen lebenslanges Abo, T-Shirt/Hoodie).
Für Einzahlungen in CHF (Betreff: Friedenstaube):
Für Einzahlungen in Euro:
Milosz Matuschek
IBAN DE 53710520500000814137
BYLADEM1TST
Sparkasse Traunstein-Trostberg
Betreff: Friedenstaube
Wenn Sie auf anderem Wege beitragen wollen, schreiben Sie die Friedenstaube an: friedenstaube@pareto.space
Sie sind noch nicht auf Nostr and wollen die volle Erfahrung machen (liken, kommentieren etc.)? Zappen können Sie den Autor auch ohne Nostr-Profil! Erstellen Sie sich einen Account auf Start. Weitere Onboarding-Leitfäden gibt es im Pareto-Wiki.
-
@ bf47c19e:c3d2573b
2025-06-15 05:37:54
Autor: Dr Srđan Radulović, docent na Pravnom fakultetu Univerziteta u Prištini sa privremenim sedištem u Kosovskoj Mitrovici
Rezime
Bitkoin kao virtuelni sistem za plaćanje predstavljen je krajem 2008. godine. Ipak, i danas nedostaju odgovori na neka od fundamentalnih pitanja. Jedno od tih pitanja je da li je Bitkoin zaista novac ili nešto sasvim drugo.
Bitkoin kao sistem primarno je dizajniran ne sa ciljem da se stvori „nova vrsta novca“ u najužem smislu već sa ciljem da se stvori platforma koja obezbeđuje da se transfer vrednosti izvrši na što je efikasniji način moguće. Ipak, iako to nije suštinski, bitkoin ima kapacitet da preuzme ulogu novca, a taj kapacitet je prepoznat i u sudskim odlukama. Prepoznajući i uvažavajući taj kapacitet, u ovom radu prezentujemo rezultate pretežno empirijskog istraživanja sprovedenog prethodno o nestabilnoj, ali opet izrazito deflatornoj prirodi bitkoina i njenom uticaju na novčane obligacije. Konkretno, iako bi ideja mogla biti kontroverzna iz više razloga, a volatilna priroda „cene” bitkoina je svakako jedan od njih, smatramo da periodična depresijacija njegove vrednosti ne znači da je bitkoin inflatoran. Naprotiv, bitkoin je deflatoran po prirodi. Različiti ugrađeni mehanizmi, ali i novi načini primene ističu tu prirodu. Dakle, u radu koristimo različite tehnike analitičkog metoda, najpre da izdvojimo različite deflatorne mehanizme, kako one programirane tako i one faktičke, a zatim i da ih opišemo. Dalje, u radu koristimo sintetičke metode, najpre generalizaciju i apstrakciju, da sumiramo rezultate istraživanja koji potvrđuju kao tačnu polaznu hipotezu da je bitkoin po prirodi izrazito deflatoran i pored njegove nestabilnosti, te da se može koristiti kao zaštitni mehanizam u monetarnim obligacijama.
Ključne reči: Bitkoin, novčane obligacije, ugovor, valutne klauzule, kriptovalutne klauzule, deflacija.
1. Uvod
Evolucija novca neraskidivo je povezana sa tehnološkim napretkom, iako je novac evoluirao značajno sporije zbog pravnih ili kulturnih ograničenja (Calcaterra, Kaal, Rao, 2020: 202-203). Prirodno, pojava digitalne tehnologije podstakla je ideju o generisanju imovine slične gotovini (1) koja se može deponovati i prenositi u digitalnom formatu. Zanimljivo, treća industrijska revolucija oživela je teoriju da su privatni entiteti, ako im se dozvoli, sposobni da obezbede barem jednako pouzdane „kovanice“ kao i one koje stvara država (Hayek, 1976: 24). Kako se kompleksna visokotehnološka infrastruktura koja omogućava potpuno transparentno i unapred određeno izdavanje postepeno razvijala, teorija se činila manje utopijskom (Syropyatov, 2021: 324). Treća industrijska revolucija donela je uzbudljive projekte od kojih su neki postali vrlo uspešni i oni su, u zavisnosti od istorijske interpretacije, inicirali četvrtu ili čak petu veliku promenu novca (Radulović, 2021: 30). Smatra se da DigiCash postavlja tehničku i ideološku osnovu za moderne digitalne valute (Turudić, Milić & Štulina, 2017: 193; Roth, 2015: 528). Ipak, nijedan od ranijih projekata, uglavnom zbog svoje neefikasne centralizovane infrastrukture (Cavalhiero, Cavalhiero, 2022: 209), nije postao ni približno uspešan kao najradikalniji (Hutchinson & Dowd, 2015: 357) – „Bitkoin: Peer-to-peer sistem elektronskog novca“ (Nakamoto, 2008: 1-9).
Bitkoin je prvi uspešan primer demonopolizacije tržišta fiat valuta kroz postepenu implementaciju novca koji izdaju privatni entiteti (Syropyatov, 2021: 319-320). Kako savremeno društvo teži decentralizovanim rešenjima za ljudsku interakciju (Calcaterra, Kaal, Rao, 2020: 193), u gotovo savršenom okruženju za svoj uspeh (Đorđević, 2018: 96), Bitkoin (2) se pokazao kao koristan ekonomski (Đorđević, 2018: 100), ali i pravni instrument (3).
1. Za više o različitim imovinama sličnim novcu, videti: Karame & Androulaki, 2016: 11-13.
2. U ovom članku, kako bismo precizno razlikovali Bitkoin kao operativni softver, sistem ili mrežu od bitkoina kao digitalne imovine (podataka ili valute određene vrednosti), na Bitkoin kao sistem ćemo se pozivati koristeći veliko slovo „B“, a na bitkoin kao imovinu koristeći malo slovo „b“ (Antonopoulos, 2014: xvii, 18, 116; Cvetković, 2018: 120; Hutchinson & Dowd, 2015: 357 fn.).
3. Od juna 2021. godine, Salvador je postao prva zemlja koja je legalno priznala Bitkoin kao zakonsko sredstvo plaćanja u gotovo punom kapacitetu, podržala ga tehnički impresivnom digitalnom infrastrukturom (prilagođeni novčanik, specijalizovana vladina platforma za razmenu, različite besplatne aplikacije, pa čak i posebna mreža) i uvela razne podsticaje za promovisanje ovog prilično zanimljivog eksperimenta (Ley Bitcoin, Diario Oficial ES, 110/2021, Decreto No 57). Centralnoafrička Republika je bila druga nacionalna ekonomija koja je uvela Bitkoin kao zakonsko sredstvo plaćanja i rezervnu valutu (République Centrafricaine Cryptomonnaie, Journal Officiel CAF, 22/2022).*
Strogo govoreći, Bitkoin nije ni roba ni valuta (Abramowicz, 2015: 3). Bitkoin nije novac. To je sistem plaćanja. Može se izneti čvrst argument da je Bitkoin zapravo institucija ili platforma koja stvara i sprovodi imovinska prava (Abramowicz, 2015: 3). Ali onda, sudska praksa je utvrdila da bitkoin ima sposobnost da preuzme ulogu novca (Raskin, 2015: 980). Dakle, ako ga posmatramo kao novac, on je oblik „spoljnjeg novca“ (Garrat, Wallace, 2018: 1887), što posebno cene korisnici novca koji su već naviknuti na bezgotovinska elektronska ekonomska okruženja (Dimitrijević, 2018: 224-225) (4).
Dubinska analiza potvrđuje da je vrednost bitkoina veoma volatilna kako u kratkim tako i u dužim periodima (Baur, Dimpfl, 2021: 2663–2683). Ipak, očekivano je da mlada valuta bude volatilna (Đorđević, 2018: 100). Spisak razloga za njenu volatilnost je dobro opisan (Mirjanich, 2014: 223; Syropyatov, 2021: 320-322, 326-327). Može se izneti i čvrst argument da je volatilnost bila veća na početku, što u krajnjoj liniji može biti dobra vest za potencijal Bitkoina da se razvije u (stabilniju) valutu (Baur, Dimpfl, 2021: 2668-2669).
Ipak, u vremenima kada njegova volatilna priroda dolazi do izražaja, izuzetno je važno razumeti šta deflatorna priroda bitkoina zapravo znači. Volatilnost je izraz koji opisuje koliko se vrednost sredstva razmene menja tokom vremena, ili preciznije, kojom stopom. Ako deflaciju posmatramo kao apresijaciju vrednosti izazvanu neskladom u ponudi i potražnji koja podiže kurs valute (Antonopoulos, 2014: 180), bitkoin je po prirodi deflatoran, ali i dalje volatilan. Različiti mehanizmi čine ga otpornim na inflaciju. To je tačno čak iako je bitkoin spekulativna imovina ili se barem može tumačiti kao takva (Šoja, Senarathne, 2019: 46) jer nije podržan nikakvom imovinom ili garancijom (Šoja, Senarathne, 2019: 46), niti predstavlja trenutno stanje ekonomije neke zemlje (Vareško, Deković, 2022: 91). Konkretno, vrednost bitkoina nije imuna na sopstvenu depresijaciju, iznenadnu apresijaciju i različite vrste manipulacije. U ovom trenutku, gotovo je nemoguće sprečiti ih jer Bitkoin sistem funkcioniše kao slobodno i u suštini neregulisano (5) tržište. Vremenski trošak korišćenja Bitkoina (Garrat, Wallace, 2018: 1889) je stvarna opasnost i, pored toga, vrednost bitkoina je gotovo potpuno nepredvidiva (Garrat, Wallace, 2018: 1896; Syropyatov, 2021: 320). To dodatno otežava odbranu hipoteze o njegovoj deflatornoj prirodi.
Bilo kako bilo, čak i kada njegova cena dramatično padne, to ne znači da je bitkoin inflatoran. Ovo je ključno razumeti ako želimo da razjasnimo svojstva i pravnu prirodu novčanih obaveza nominovanih u bitkoinu, a posebno ako nameravamo da ih pravilno regulišemo. U tom smislu, ovaj rad je samo uvod u ovu temu.
4. Elektronski novac je oblik digitalnog novca i faza u njegovoj evoluciji, a isto su i kriptovalute; ipak, kriptovaluta nije elektronski novac i ne treba je brkati sa elektronskim novcem (Dimitrijević, 2018: 228).
5. Iako postoje nacionalni propisi (Cvetković, 2018: 127-128; Zebec, 2018: 90-93), kao i međunarodni propisi (Cvetković, 2018: 126-127; Mijatović, 2022: 95-100), Bitkoin, i kao sistem i kao valuta, apsolutno je imun na nacionalne i međunarodne propise. Međutim, postoji doza optimizma da stabilni novčići, konceptualno govoreći, mogu da naglase da je optimizacija kreiranja politike pod vođstvom tehnologije zapravo moguća u složenim monetarnim sistemima (Calcaterra, Kaal, Rao, 2020: 194). Ali, adekvatan model prvo mora biti otkriven od strane sudske prakse (Raskin, 2015: 972), a zatim potvrđen u sigurnijem okruženju, kao što su „Sandbox“ ili „Innovation Hubs“ (Jović, Nikolić, 2022: 48-51).
2. Fiksna ponuda
Bitkoin je softver otvorenog koda koji se koristi decentralizovanim dizajnom mreže (Caetano, 2015: 103-104; Đorđević, 2018: 97) (6). Tačnije, to je elektronski, dvosmerni, decentralizovani (Đorđević, 2018: 97) platni sistem zasnovan na kriptografskom dokazu (Nakamoto, 2008:1) koji je razvijen sa ciljem isključivanja ovlašćenih posrednika kroz koncept „digitalnog poverenja“ (Cavalheiro, Cavalheiro, 2022: 207; Horvatić, Tafra: 2022 108-109; Syropyatov, 2021: 325) bez kompromitovanja sigurnosti i privatnosti tokom transakcije (7), po nižim troškovima i što je brže moguće (Roth, 2015: 529).
Da bi prenos vrednosti bio moguć, vrednost je morala biti povezana sa sredstvom unutar sistema. Kako je sistem potpuno digitalizovan, ovo sredstvo je moglo postojati samo u digitalnom obliku, tj. virtuelne novčane jedinice predstavljaju vrednost (Đorđević, 2018: 97). Uobičajena je zabluda da je naziv ovog sredstva Bitkoin. Bitkoin je peer-to-peer monetarna mreža, to je program, softver, platforma, ali ne valuta. Bitkoin kao valuta ne postoji izvan ili bilo gde unutar mreže (Cvetković, 2018: 124). Osnovna jedinica ovog platnog sistema je satoši, digitalizovani deo informacije koji je trajno povezan sa digitalnom platformom (Antonopoulos, 2014: xvii, 18, 116). Ipak, iako tehnički netačno, postalo je norma koristiti bitkoin kao jedinicu sa odnosom prema Satošiju od 1:100.000.000 (Radulović, 2021: 32).
6. Postoji prirodna tendencija ka monopolu u Mreži (Hutchinson Dowd, 2015: 364-368). Ipak, mogućnost stvaranja apsolutnog monopola je samo teorijska. Kako cela zajednica entuzijasta aktivno koristi prostor preostao za poboljšanje Mreže, postoji niz predloga protokola za rudarenje („getblocktemplate“ je najuspešniji) koji sprečavaju centralizaciju.
7. Privatnost i sigurnost nisu sinonimi. Ovo su dva različita aspekta efikasnosti platnih sistema, svaki sa svojim prepoznatljivim individualnim karakteristikama (Karame, Androulaki, 2016: 14-17).
Da bismo razumeli ovaj koncept, možemo uporediti bitkoin sa tradicionalnim načinima izvršavanja novčanih obaveza (Cvetković, 2018: 121; Đorđević, 2018: 100-102). Po svojim karakteristikama, bitkoin je u suštini negde između zlata i dolara (Syropyatov, 2021: 323) ali primarna ideja je bila da se stvori digitalna imovina koja imitira zlato. Najlakši način da se novostvorenoj imovini da vrednost je da se učini retkom. Stoga su protokoli Bitkoin mreže postavljeni tako da ukupna ponuda bude pažljivo izračunata, konačna i ograničena (8). Fiksiranjem ukupnog broja bitkoina u opticaju na 21.000.000, početni izdavalac i pronalazač rešio je dva glavna problema – dodatno izdavanje i falsifikovanje (Garrat, Wallace, 2018: 1887). Dakle, „štampanje“ novog novca u Bitkoin mreži iznad očekivane stope izdavanja je nemoguće što znači da bitkoin kao valuta nije podložan inflaciji (Antonopoulos, 2014: 2).
Budući da je Bitkoin softver, on nije „ništa više“ od skupa unapred programiranih pravila. Kako se ta pravila mogu ažurirati, tehnički postoji mogućnost promene izvornog koda kako bi se omogućilo kvantitativno povećanje ponude novčića. Ipak, kako mi to vidimo, ovo je samo teoretski moguće. Zašto?
Bitkoin je konstruisan na revolucionarnoj tehnologiji koja se zove blokčejn. Blokčejn je digitalna baza podataka koja sadrži informacije o svakoj promeni u mreži (Cvetković, 2020: 128; Teomete Yalabik, Yalabik, 2019: 37). Jednom uneti i potvrđeni, podaci o promeni koja se dogodila trajno se čuvaju u bloku, koji se zatim povezuje sa postojećim lancem gde su blokovi ravnomerno poređani, hronološki vremenski obeleženi, suštinski nepromenljivi (Cvetković, 2020: 129; Catanzaro & Kain, 2020: 52; Horvat, Tafra, 2022: 108) (9). Lanac dodatih blokova distribuira se kroz mrežu, a upravljanje njime je u potpunosti zasnovano na konsenzusu (Radulović, 2021: 36) što znači da niko ne vrši kontrolu nad lancem (Magnuson, 2022: 883) (10). Ovo je vrlo važna tačka jer svaki blok u lancu sadrži određeni broj bitkoina, a ukupna ponuda se postepeno povećava konsenzusnim dodavanjem novih blokova (11), ali ne više od 13.230.000 njih.
8. Procenjuje se da u svetu postoji 171.000 metričkih tona zlata (Đorđević, 2018:101), ali to je samo pretpostavka. S druge strane, Bitkoin sistem se ne zasniva ni na kakvoj sličnoj pretpostavci. Kreatori sistema su otišli korak dalje i ponudili kriptografsko uverenje o njegovoj ograničenoj ponudi (Cvetković, 2018: 121). To znači da nema opasnosti od bilo kakvih neočekivanih otkrića ove robe koja može doneti nestabilnost monetarnom režimu (Cachanosky, 2019: 371). Takođe, za razliku od zlata, nemoguće je manipulisati „čistoćom“ bitkoina i tako kompromitovati ideju o njegovoj ograničenoj ponudi (Cvetković, 2018:121).
9. Bitkoin koristi blokčejn kao javnu knjigu koja sadrži potpuni zapis svih javnih transakcija u istoriji Bitkoin mreže (Cavalhiero, Cavalhiero, 2022: 209). U tom kontekstu, zanimljivo je da je bitkoin koji je zaplenjen u slučaju „Silk Road“ prebačen u FBI novčanik (lFfmbHfnpaZjKFvyilokTjJJusN455paPH) od strane čvorova putem regularne procedure verifikacije na Bitkoinovom blokčejnu; štaviše, ovaj transfer ali i kasnija aukcija novčića i njihov transfer kupcima je potpuno transparentan i može se pratiti jednostavnom proverom promena u lancu (Raskin, 2015: 982-983).
10. Satoši Nakamoto se povukao iz javnosti u aprilu 2011. godine, prepuštajući odgovornost razvoja koda i mreže rastućoj grupi volontera (Antonopoulos, 2014: 4).
11. Po analogiji sa Fridmanovim "Ostrvom kamenog novca", Bitkoin funkcioniše putem decentralizovane (digitalizovane) kolektivne memorije (Hutchinson & Dowd, 2015: 358).
U tradicionalnim ekonomskim sistemima, monetarna vlast garantuje kvalitet, količinu i vrednost novca, dok banke i drugi posrednici vrše kontrolu nad transakcijama (Pernice, 2021: 770). Bitkoin funkcioniše kao protokol, tj. skup unapred programiranih pravila (Raskin, 2015: 971) bez arbitra (Abramowicz, 2015: 3). U Bitkoin mreži ne postoji centralna vlast bilo koje vrste koja nadzire i upravlja platformom (Catanzaro, Kain, 2020: 52; Teomete Yalabik, Yalabik, 2019: 37). Prvo, to znači da ne postoji jedna kritična tačka (eng. single point of failure) (Hutchinson & Dowd, 2015: 359). Drugo, nema potrebe za trećom pouzdanom stranom za sprovođenje procesa registracije i/ili garantovanje tačnosti stanja transakcija, sve to zato što se poverenje u mrežu zasniva na kriptografiji kao nauci (12) (Cvetković, 2018: 121; Dinić, 2014: 110; Đorđević, 2018: 97; McGinnis, 2020: 60; Raskin, 2015: 974). Ovde dolazi do izražaja genijalni koncept: upravljanje je dodeljeno samoj Mreži, zapravo računarima koji vrše proces verifikacije transakcija (Đorđević, 2018: 98; Hutchinson & Dowd, 2015: 360). Iz toga sledi da je sistem gotovo u potpunosti samoregulišući i potpuno decentralizovan. Dalje, ne samo pokrenute transakcije već i svaka druga promena u mreži mora biti rezultat konsenzusa među svim pojedinačnim učesnicima u mreži (naglasak autora). Dakle, da bi se promenio izvorni kod nakon zatvaranja obavezne debate u zajednici, potrebno je da većina čvorova u mreži izrazi svoje odobrenje. Sa desetinama hiljada čvorova koji pokreću mrežu, može se sigurno pretpostaviti da je gotovo nemoguće postići konsenzus za promenu osnovnog protokola koda, posebno dela koji ovaj sistem čini superiornim u odnosu na većinu kripto projekata (13).
Ovaj protokol čini Bitkoin superiornim u odnosu na druge kripto projekte. Naime, ranih 1970-ih postalo je jasno da možda ne postoji bilo kakva prednost niti potreba (barem više ne) za neupitnim i univerzalno prihvaćenim državnim prerogativom proizvodnje novca, te da bi to moglo biti štetno za razvoj nacionalne ekonomije ako se ne podržava valutna konkurentnost (Hayek, 1976: 20). Posebno se ovo odnosi na nacionalne ekonomije koje su potpuno zavisne od strane valute što je bio slučaj u Salvadoru (potpuno zavisan od USD).
12. Poverenje u mrežu zavisi od funkcionisanja većine rudarskih računara u mreži. Logičan zaključak koji proizilazi iz ove činjenice ukazuje na to da povećani obim bitkoin transakcija implicira veću sigurnost; povećanje prometa mreže povećava poverenje (Dinić, 2014: 110).
13. Posmatrajući istoriju pokušaja iniciranja čak i „manjih“ tehničkih promena (protokola) oličenih u Bitkoin "hard forkovima" (Bitcoin XT, Bitcoin Classic, SegWit), možemo videti da nijedan od ovih projekata (čak ni „BitcoinCash“) nije nadmašio uspeh i stopu prihvatanja Bitkoin forka.
14. Prateći više od 2000 godina dugu istoriju državnih prerogativa u izdavanju novca, nobelovac Hayek je nabrojao legitimne razloge za dodeljivanje monopola izdavanja novca državnim institucijama (Hayek, 1976: 21-26).
Možemo ići čak i dalje. Mogu se izneti snažni argumenti koji podržavaju tvrdnju da se apsolutna državna kontrola nad novcem može tumačiti čak i kao oblik ugnjetavanja koji je ništa manji od uskraćivanja građanskih sloboda (McGinnis, 2020: 60). Iako je „komplementarna valuta“ (Pernice, 2021: 769), bitkoin je najmoćnije oružjeu onome što se čini kao „fundamentalni napad“ na ostatke ove zastarele ugnjetavajuće ideje u modernom monetarnom poretku (McGinnis, 2020: 61).
Ako postoji bilo kakva istina u ovoj smeloj tvrdnji, onda je ograničena ponuda najvažnija karakteristika koja čini bitkoin, ako ne superiornim, onda barem konkurentnim fiat valutama [15]. Ovo je posebno tačno ako imamo u vidu kolektivno ukidanje monetarnog aranžmana iz Breton Vudsa i zlatnog standarda koji su, prema ekonomskim ekspertima (Syropyatov, 2021: 324), započeli inflatornu eru u ekonomskoj istoriji. Stoga, ne postoji ekonomska ili pravna logika koja bi opravdala transformaciju sistema iz „digitalnog zlata“ u nejedinstveni kvazi-demokratski fiat monetarni poredak, posebno među čvorovima koji su generalno pravi entuzijasti „decentralizovanih finansija“ [16].
-
Ideja Bitkoina duboko je ukorenjena u Austrijskoj ekonomskoj školi mišljenja koja je poznata po oštroj kritici državnih intervencija koje zapravo pogoršavaju ekonomske i poslovne cikluse i uzrokuju značajnu inflaciju (Zebec, 2018:89).
-
Bitkoin mreža ne nameće protokole i pravila članovima koji se ne slažu sa njima. Omogućava im da se bezbedno odvoje iniciranjem takozvanog "hard forka". Postoji čak i poseban deo softvera nazvan Git ugrađen u mrežu, kreiran da omogući korisnicima forkovanje izvornog koda (Caetano, 2015:104-105). Rezultat je više od stotinu (manje-više poznatih i uspešnih) projekata u kripto prostoru koji su započeti na ovaj način – kao Bitkoin fork (Caetano, 2015: 104).
3. Halving
Kreator(i) Bitkoina su imali za cilj da stvore digitalnu imovinu koja se ponaša kao zlato [17]. Stoga su doneli ideološku odluku da ne puste sav bitkoin u opticaj odjednom (Cachanosky, 2019: 371). Ukupan broj bitkoina je unapred određen ali je raspored njegovog stvaranja fiksiran (Raskin, 2015: 971) jer je mreža postavljena tako da može postupno povećavati ponudu novčića po opadajućoj stopi kroz proces nazvan „rudarenje“.
Odgovornost dodavanja verifikovanih transakcija u blok i ažuriranja lanca blokova poverena je posebnoj grupi učesnika mreže – rudarima. Da bi izvršili dodeljeni zadatak, rudari moraju rešiti niz složenih matematičkih problema što zahteva ogromnu računarsku snagu. Da bi ih podstakao da svoju računarsku snagu stave na raspolaganje za potrebe mreže, u Bitkoin protokol je ugrađen sistem „dvostruke nagrade“. Prvo, rudar prikuplja mali procenat svake transakcije koja je upisana u novokreirani blok. Pored toga, „pobednički“ rudar dobija novi bitkoin od mreže kao nagradu kada se transakcija „coin base“ postavi u novi blok (Antonopoulos, 2014: 115: Hutchinson & Dowd, 2015: 361; Nakamoto, 2008:4). To znači da izdavalac bitkoina nije banka, vlada, nadzorna institucija, pojedinac ili kompanija; izdavaoci su sami korisnici (Dinić, 2014: 110). Trećeg januara 2009. godine, iskopan je „genesis blok“ (Horvatić, Tarfa, 2022:107-108). Rudar(i) ovog bloka su dobili 50 bitkoina. Od tog trenutka, svaki put kada je kreiran novi blok, rudar je dobijao 50 novostvorenih bitkoina.
Ukupna ponuda raste postepeno ali ne istom brzinom. Kao što je već napomenuto, svaki blok sadrži određeni broj bitkoina, a ukupna ponuda novčića se povećava dodavanjem novih blokova. Međutim, blokovi nemaju isti kapacitet, tj. ne sadrže istu količinu bitkoina. Mreža je unapred programirana, najpre da smanji nagradu rudarima za 50% nakon svakih 210.000 dodatih blokova, ali i da prilagodi složenost matematičkog problema količini koja je već iskopana, tako da novi blok od 1MB koji sadrži otprilike 4000 upisanih transakcija (Horvatić, Tafra, 2022:109) nastaje u proseku svakih deset minuta (Antonopoulos, 2014:2, 177-178; Đorđević, 2018:97-98; Raskin, 2015:976; Roth, 2015:528). Jednostavna matematika pokazuje da se nagrada za rudarenje smanjuje otprilike svake četiri godine. Od 11. maja 2020. godine, nagrada za rudarenje po bloku iznosi 6.25 bitkoina. Stopa po kojoj se novi blokovi (pa samim tim i bitkoini) dodaju postojećem lancu postepeno se smanjuje (dok ne dostigne broj od 21.000.000).
Čin smanjenja rudarske nagrade za polovinu naziva se „halving“. Ideja iza procesa halvinga bila je da se bitkoin oponaša zlato čak i kada je u pitanju dinamika njegovog iskopavanja (Đorđević, 2018: 98). Sa ekonomskog i pravnog stanovišta, kroz proces halvinga, deflatorna priroda bitkoina dolazi do izražaja jer se već ograničena ponuda novčića dodatno smanjuje. Radi poređenja, u vreme pisanja ovog rada, više od 18.5 miliona (od 21 miliona) bitkoina je pušteno u opticaj, ali će poslednji bitkoin biti pušten u opticaj kada se iskopa blok 13.230.000. Prateći dinamiku Mreže, procenjuje se da će se to dogoditi otprilike 2137. godine (Antonopoulos, 2014:178; Raskin, 2015:976). To znači da je procenat inflacije kontrolisan, ne samo kroz konačnu ponudu već i kroz 64 događaja halvinga, nakon čega se stopa izdavanja novog bitkoina smanjuje.
17. "Bitkoin pravilo, logo i tekstualni opis sugerišu da je projekat inspirisan zlatnim standardom. Uzmite u obzir, na primer, da se Bitkoini proizvode kroz proces nazvan „rudarenje“ sa opadajućim prinosima koji podseća na vađenje zlata iz podzemlja, te da je logo zlatnik" (Cachanosky, 2019: 371).
4. Superhalving
Bitkoin je prvi put priznat kao novac na osnovu regulatornog stanovišta "Mreže za suzbijanje finansijskog kriminala" (Financial Crimes Enforcement Network) (Mirjanich, 2014: 214), zatim u sudskoj praksi u čuvenim slučajevima „Silk Road“ (Raskin, 2015: 981-982; Zebec, 2018: 89) i u slučaju SEC protiv Shaversa (Raskin, 2015: 979-980). Ipak, iako nije pogrešno smatrati bitkoin valutom, kao što je već napomenuto, mi volimo da razmišljamo o Bitkoinu kao o sistemu plaćanja. To je bila prvobitna ideja (Syropyatov, 2021: 325) i Bitkoin je zapravo korišćen u tom svojstvu u prvim godinama, uglavnom za male online transakcije (Vareško, Deković, 2022: 91).
Pravi potencijal ovog sistema, koji je sam po sebi impresivan, može se u potpunosti shvatiti samo ako se posmatra kao deo budućeg decentralizovanog finansijskog sistema (DeFi). U svojim brojnim predavanjima i intervjuima, Antonopoulos pruža sjajnu analogiju upoređujući DeFi prostor sa internetom iz ranih dana. U toj analogiji, Bitkoin se poredi sa elektronskom poštom koji je bio prva i (dugo vremena) jedina funkcionalna aplikacija na internetu. U DeFi prostoru, Bitkoin je prva i (na mnogo načina) najvažnija, ali ne i jedina funkcionalna aplikacija. Upravo način na koji Bitkoin mreža koristi tehnologiju distribuirane knjige (eng. distributed ledger) nije ništa drugo do jedan mogući prikaz istinskog potencijala neverovatnog dela računarskog inženjeringa zvanog blokčejn. Imajući u vidu bezbroj funkcija interneta danas, ova analogija nudi najbolji uvid u razmere i potencijal DeFi prostora.
Korišćenje ove i drugih srodnih tehnologija svakako prevazilazi stvaranje različitih platnih, pa čak i finansijskih sistema. Blokčejn tehnologija i kriptovalute, protokoli decentralizacije uopšte, deo su dugoročnog ciklusa proliferacije i imaju priliku i kapacitet da dalje prošire inovacije i mogućnosti koje su započete u ranim godinama interneta (Calcaterra, Kaal, Rao, 2020: 204; Syropyatov, 2021: 320). Sa pravnog stanovišta, nema sumnje da će blokčejn tehnologija reorganizovati svaku aktivnost koja zahteva javni prikaz informacija (Cvetković, 2018: 122). Takođe ima kapacitet da reformiše sve aktivnosti oko donošenja odluka od strane sporog i skupog državnog aparata kroz „peer-to-peer“ odlučivanje (Abramowitz, 2015: 7-9). Predstavlja izazov konvencionalnoj pretpostavki da su centralizovane institucije, poput zakonodavnih tela i sudova, potrebne za donošenje zakona dovoljne jasnoće da bi bili primenljivi (Abramowitz, 2015: 9). Konačno, dokazano je da je blokčejn tehnologija suštinska za budući razvoj današnjih opšteprihvaćenih ideja, poput IoT (Interneta stvari) i IoE (Interneta svega) (Horvat, Tafra, 2022: 108). Dakle, koliko god da su impresivni, čak i DeFi prostor, IoT ili IoE biće samo fragmenti, ili aplikacije takozvanog „Web 3.0“."
„Međutim, ako to posmatramo strogo sa monetarnog stanovišta, verujemo da je postojeći centralizovani finansijski sistem zastareo, neefikasan, nepouzdan i nepotrebno skup; kao takav, biće zamenjen efikasnijom ekonomskom strukturom. Naučno je dokazano da sadašnja veličina tržišta kriptovaluta i njegova rastuća snaga imaju kapacitet da poremete čitav finansijski sistem (Vareško, Deković, 2022:91). Sa ideološkog stanovišta, DeFi sistem izgleda kao najočiglednija zamena. Međutim, u ovom trenutku, više od decenije nakon što je Bitkoin mreža postala potpuno operativna, DeFi struktura zvuči pomalo futuristički. Ipak, obrisi sistema su sada jasno vidljivi. Određeni delovi sistema su više nego funkcionalni, a efekti koje stvaraju oživljavaju osnovnu ideju DeFi-ja. To je vidljivo u procesu zvanom „superhalving“.
Prema našem saznanju, termin superhalving je prvi put korišćen u biltenu koji je svetski poznati stručnjak za kriptovalute Teeka Tiwari poslao svojim čitaocima i pretplatnicima. Da bi objasnio svoje otkriće, koristio je analogiju sa halvingom. Superhalving se odnosi na smanjenje broja novčića u opticaju ali, za razliku od halvinga, superhalving nije vezan za Bitkoin kod. Prema gospodinu Tiwariju, to je hipotetička situacija povezana sa mogućnostima koje rudari sada imaju u DeFi ekosistemu (Tiwari, 2021).
Rudari obezbeđuju računarsku snagu neophodnu za funkcionisanje Bitkoin blokčejna, a podsticaj za raspodelu njihovih računarskih resursa Mreži dolazi u obliku novoizdatog bitkoina. Donedavno, rudari nisu bili u poziciji da zadrže novčiće kojima su nagrađivani. Da bi ostali u „trci“ za novim novčićima u sve konkurentnijem okruženju, nisu imali drugog izbora osim da prodaju zarađene novčiće kako bi finansirali nadogradnju računarskih resursa za dalje operacije. To je bila njihova jedina opcija jer vlasništvo bilo koje vrste kripto-imovine nije značilo ulaz u (tradicionalne) izvore kapitala (Tiwari, 2021).
Danas je situacija izvanredno drugačija. Prvo, finansijske institucije su sada visoko uključene u kripto-tržište (Magnuson, 2022: 884). One nude finansijske usluge i stvaraju visoko profitabilne prostore za svoje klijente u vezi sa Bitkoinom, Ethereumom i drugim projektima. Drugo, fondovi kojima se trguje na berzi, kripto-menjačnice i rudari, svi koji služe industriji kriptovaluta, razvili su se u velike industrije (Magnuson, 2022: 884). Prema Tiwariju, rudari su po prvi put u mogućnosti da prikupe novac putem tržišta kapitala. Prema njegovoj studiji, rudari i kripto-kompanije su već prikupili više od deset puta više kapitala za svoje buduće poduhvate nego prethodnih godina (Tiwari, 2021).“
Nadalje, rudari danas čak ne moraju da imaju pristup investicionim bankama, kapitalnim fondovima ili drugim odabranim institucijama ili individualnim investitorima. Slično Bitkoinu, DeFi je monetarno inkluzivan prostor u apsolutnom smislu. Preko alternativnog decentralizovanog modela finansija zasnovanog na blokčejnu, moguće je zaobići nepotrebne posrednike i ući u virtuelne peer-to-peer kapitalne odnose. Moguće je pozajmljivati, štedeti, zakazivati plaćanja, trgovati, kupovati osiguranje, investirati, dokazivati vlasništvo, pa čak i automatski rebalansirati portfolio na finansijskom tržištu koje je uvek otvoreno, potpuno decentralizovano, izuzetno sigurno i gotovo potpuno imuno na ljudske greške. Pomoću inovativnog investicionog aparata, ovaj finansijski ekosistem čini prikupljanje kapitala jednostavnim, neformalnim, direktnim i samim tim jeftinijim za rudare širom sveta, i svakoga ko želi da finansira svoje buduće ideje i poduhvate. Kroz kriptovalute, pametne ugovore i tokene kreirane na različitim blokčejn platformama za potencijalne investitore i finansijere, bez obzira na to gde se trenutno nalaze, rudari mogu obezbediti neophodan kapital za ažuriranje svoje opreme za rudarenje ili druge aktivnosti. To dalje znači da rudari ne moraju odmah da prodaju bitkoin koji su dobili kao nagradu za rudarenje. Oni ga sada mogu zadržati (što najčešće i čine) sa namerom da alociraju svoj portfolio, realno očekujući da će mu cena porasti. To znači još manje novčića u opticaju, posledično smanjenu ponudu i konačno nižu stopu inflacije. Ukratko, ovo je proces superhalvinga.
Smatramo da je ideja superhalvinga veoma zanimljiva. Ipak, iako je dobro razrađena, verujemo da se ovaj fenomen može i treba tumačiti u širem smislu nego što je sugerisao Tiwari. On ne mora biti strogo povezan samo sa izgradnjom novog kripto-finansijskog digitalnog sveta i prilikama u njemu. Druge okolnosti mogu stvoriti sličan efekat i uzrokovati smanjenje prometa bitkoina. One bi trebalo da se istražuju pod istim imeniocem, tj. superhalvingom. U tom kontekstu, možemo pomenuti dve okolnosti koje imaju najveći deflatorni uticaj na tržište.
Prvo, u tehničkom smislu, Bitkoin se može tumačiti na različite načine: kao softver, kao mreža, kao aplikacija. U ekonomskom smislu, bitkoin može preuzeti ulogu valute, platnog sistema, (digitalne) imovine, pa čak i ulogu robe ili sirovine (Cvetković, 2018:129-133; Pernice, 2021:772). Uzimajući u obzir njegovu primenljivost i ulogu generalno, različite studije su nedvosmisleno potvrdile da se bitkoin konstantno razvijao (18) (Vareško, Deković, 2022:91). Postao je raznovrsniji i globalizovaniji (Karabulut, Sari, 2022: 56). S obzirom na to da je ideja iza stvaranja ovog sistema bila da se transfer vrednosti učini što efikasnijim, odnosno da platni sistem bude efektivan, sve veća rasprostranjenost bitkoina potvrđuje da se on može okarakterisati kao kolektivno priznati medij razmene (Pernice, 2021:777). Međutim, u ovom trenutku postoje kripto-projekti koji omogućavaju efikasniju, bržu i jeftiniju alokaciju vrednosti; stoga se bitkoin retko koristi u tu svrhu. Ipak, bitkoin ima niz superiornih karakteristika (redak je; ima ograničenu ponudu i predodređenu smanjenu stopu izdavanja; omogućava privatnost, poverljivost i stoga je imun na zaplenu; lako je 'prenosiv', lako se skladišti i zahteva malo ili nimalo održavanja; prilično je jednostavan za korišćenje i nije ničija obaveza). Zahvaljujući ovim karakteristikama, bitkoin se ponaša kao digitalno zlato i uglavnom se koristi kao sredstvo očuvanja vrednosti. Drugim rečima, uprkos očiglednoj volatilnosti, i deflatorni dizajn Bitkoina i njegova decentralizovana i globalna priroda poboljšavaju njegove osobine sredstva očuvanja vrednosti (Baur, Dimpfl, 2021:2681). Stoga, bitkoin se većinom traži više kao imovina nego kao valuta, pa se uglavnom ponaša kao sredstvo očuvanja vrednosti (Đorđević, 2018:100). Ovo posebno postaje očigledno u vremenima ekonomskih, geopolitičkih ili zdravstvenih kriza, kao što je ona izazvana pandemijom SARS-CoV-2, ili tekuća energetska kriza.
18. To je nedvosmisleno potvrđeno sveobuhvatnom studijom o broju patenata strogo vezanih za Bitkoin i njegov lanac (Cavalhiero, Cavalhiero, 2022: 211-216).
Zbog toga pojedinci, velike finansijske institucije, kompanije, pa čak i neke vlade uključuju određeni iznos bitkoina u svoje portfelje kako bi zaštitile svoju štednju i investicije. Oni se osiguravaju od inflacije jer se očekuje da se imovina poput zlata ponaša suprotno akcijama i fiat valutama u vremenima kriza. Naučna istraživanja potvrđuju da diverzifikacija portfelja putem bitkoina (ako su uključena i tradicionalna sredstva) može biti odličan izbor ulaganja čak i za one investitore koji nisu skloni preuzimanju viših rizika (Syropyatov, 2021:323; Šoja, Senarathne, 2019:54-58). To znači da svi ti entiteti ne kupuju bitkoine (ili ih u ređem slučaju rudare) sa namerom da ih koriste za plaćanje ili prenos vrednosti. Oni preferiraju dugoročno držanje umesto vršenja transakcija i puštanja u opticaj, što dovodi do ukupnog smanjenja ponude. Budući da je ovo prirodna tendencija u mreži, sigurno je reći da je i ovo vrsta superhalvinga.
Na kraju, postoji još jedna tendencija u kripto ekosistemu koja se može tumačiti kao oblik superhalvinga, a time i deflatorni mehanizam, iako je prilično slučajna. Kao što je već napomenuto, bitkoin je prilično jednostavan za korišćenje, skladištenje i održavanje. Međutim, neophodan je određeni stepen praktičnog znanja. Bitkoin može postati nedostupan ako se 'novčanikom' (hardverskim ili online) loše upravlja. Najčešći način da se bitkoin učini nedostupnim jeste da se izgubi.
U stvari, nemoguće je izgubiti bitkoin jer su novčići trajno povezani sa mrežom. U svakom trenutku, učesnici Mreže mogu odrediti na kojoj se adresi nalazi svaki pojedinačni novčić. Ali tada, privatni ključevi koji omogućavaju pristup novčićima sačuvanim na određenoj adresi su „simbol“ vlasništva (Raskin, 2015: 977, 1002) i oni se mogu izgubiti (Hutchinson Dowd, 2015:361). Bitkoin „novčanici“, naročito hardverski, takođe se mogu izgubiti. Prema procenama, oko 20% bitkoina koji su pušteni u opticaj postalo je trajno nedostupno (Mijatović, 2022:103). Dalje, razumno je očekivati da će se više bitkoina „izgubiti“ tokom vremena; stoga, stvarna ponuda bitkoina, iako nepoznata zbog rizika od trajnog gubitka (Hutchinson & Dowd, 2015: 361), definitivno je manja nego što je prethodno programirano i postepeno će se smanjivati. To čini bitkoin još deflatornijim nego što se ranije predviđalo.
5. Zaključci
Dobro je poznata činjenica da je novac obično, ali ne nužno, podložan državnom monopolu (Pernice, 2021: 773). Do nedavno, šira javnost nije bila spremna da preispituje dogmu o povlašćenosti vlada da „proizvode” novac (Hayek, 1976:20). Danas, šira javnost nije voljna da bezuslovno prihvati koncept lex monetae i državni monopol na izdavanje novca. Konkurentske ideje su dobro formulisane, a relevantni izvori su „na samo nekoliko klikova”. Ipak, ideja predstavljena u belom papiru pod naslovom „Bitkoin: Peer-to-peer sistem elektronskog novca" je nesumnjivo najinspirativnija. Nedavno sprovedena sveobuhvatna statistička analiza potvrđuje da je ovo opšte mišljenje u akademskim krugovima (Karabulut, Sari, 2022: 58-66). Čak i kritičari tehno-ekonomske arhitekture Bitkoina slažu se da Bitkoin nedvosmisleno demonstrira praktičnu mogućnost potpuno decentralizovanog monetarnog sistema zasnovanog prvenstveno na distribuiranom poverenju (Hutchinson & Dowd, 2015:380).
Iako se stabilni novčići nazivaju „Hayekovim novcem” (Syropyatov, 2021: 322-323), oni koji su podržani plemenitim metalima (kao što je zlato), ali prvenstveno oni koji su podržani matičnim fiat valutama, ne mogu se koristiti za konačnu implementaciju Hayekove teorije u realnoj ekonomiji (Syropyatov, 2021: 328). Verujemo da je upravo Bitkoin pravo oličenje stare ideje o izdavanju različitih vrsta novca koje predstavljaju različite apstraktne jedinice koje fluktuiraju u svojoj vrednosti jedna u odnosu na drugu (Hayek, 1976: 25) i koje se jasno mogu razlikovati po različitim denominacijama između kojih bi javnost mogla slobodno da bira (Hayek, 1976: 21). Ceo Bitkoin sistem promoviše ovu ideju na način kao nijedno drugo sredstvo nalik novcu nikada ranije. Štaviše, oslanjajući se isključivo na napredne tehnološke koncepte, Bitkoin ne zavisi od bilo kakve državne dozvole i nije ograničen državnim granicama (19). Ovaj intrigantni sistem je bezbroj puta testiran na stres. Iako nije u potpunosti stabilan i daleko je od savršenog, sve turbulencije su sistem učinile samo otpornijim. To se ne može reći za njegove direktne konkurente – valute koje izdaju države. Zapravo je sasvim suprotno. U kratkom vremenskom periodu, posebno od trenutka kada je Svetska zdravstvena organizacija prepoznala izbijanje pandemije SARS-CoV-2 izazvane novim tipom koronavirusa, bitkoin je transformisan iz potkulturnog fenomena u najpopularniju i najcenjeniju (digitalnu) imovinu za ne više od nekoliko meseci. Sama priroda pandemije SARS-CoV-2, prvenstveno potreba za ograničavanjem fizičkog kontakta, pogodovala je digitalizaciji svih modela obavljanja svakodnevnih aktivnosti i posledično stvorila savršeno okruženje za sve kripto-projekte (Mijatović, 2022:94). Ipak, sama činjenica da je bitkoin na slobodnom tržištu oko 20.000 puta vredniji od USD sugeriše da tu ima još mnogo toga. Ovo važi bez obzira na to da li se bitkoin percipira kao novac ili ne.
Teorija konkurentskih valuta, posebno valuta koje ne izdaju države ili bilo koji centralni autoritet, pokazala se održivom - u najmanju ruku. Zapravo, ako s jedne strane imamo centralizovan i prisilan poredak, a s druge strane dobrovoljan i decentralizovan sistem (McGinnis, 2020: 59), čini se da „dobrovoljni sporazum o korišćenju određenog predmeta kao sredstva plaćanja“ (Đorđević, 2018:97; McGinnis, 2020:61) može čak biti superiorniji od dogme „valutnog monopola“. Ipak, kako mi to vidimo, otkrivanje deflatornih mehanizama ugrađenih u izvorni kod Bitkoina i njihovo prepoznavanje kao nepromenljivih od strane šire javnosti, najveća je tajna njegovog uspeha. Očigledno, ovo nije jedina zanimljiva karakteristika Bitkoin sistema, ali u vremenima kriza poput one izazvane virusom SARS-CoV-2 i njegovim brojnim varijantama, te karakteristike dolaze do izražaja, posebno kada se uporede sa načinom funkcionisanja „imperativnih“ valuta. U svakom slučaju, ovo zapažanje je podržano sudskom praksom. U određenim slučajevima, sudovi su precizno naveli da je bitkoin po prirodi deflatoran i da bi mogao biti bolje skladište vrednosti od brojnih zvaničnih valuta širom sveta koje su veoma podložne inflaciji (Pernice, 2021: 778).
Bitkoin sistem dovodi u pitanje univerzalno prihvaćenu ideju državnog suvereniteta po pitanju izdavanja novca. Teoretski, Bitkoin ne potkopava monetarni suverenitet; u stvari, zajednica čak može doprineti ostvarivanju ove vrste suvereniteta dajući poverenje sredstvu razmene koje se razlikuje od zakonski nametnutih (Pernice, 2021: 775). Prirodno je da ovaj pristup deluje sumnjivo, još više zato što ovaj sistem ne nudi odgovore na sva pitanja koja se javljaju na potpuno decentralizovanom i neregulisanom tržištu slobodnih valuta. Ipak, ovo je fascinantan finansijski sklop. Brojne tehnološke i ekonomske karakteristike čine ga privlačnim za sve one koji su željni da istraže moguće alternative dominaciji države u ovoj oblasti. Na pitanje da li su te alternative održive i u kojoj meri - ostaje da se odgovori. Ipak, zaista verujemo da deflatorni mehanizmi, čak i jednostavni poput onih ugrađenih u Bitkoin sistem, moraju biti dobrodošli kao parametri u trenutnoj ili sledećoj fazi evolucije novca i monetarnih obaveza.
Reference
- Abramowicz, M. B. (2015). Peer-to-Peer Law, Built on Bitcoin. GWU Law School Public Law Research Paper 2015-9, GWU Legal Studies Research Paper. No. 2015-9, Retrieved 02 March 2023 from https: ssrn.com/abstract=2573788 or http: dx.doi.org/10.2139/ssrn.2573788
- Antonopoulos, M. A. (2014). Mastering Bitcoin: Unlocking Digital Cryptocurrencies. Sebastopol: O’Reilly Media, Inc
- Baur, D. G., Dimpfl, T. (2021). The volatility of Bitcoin and its role as a medium of exchange and a store of value. Empirical Economics. 61 (5). 2663–2683.
- Cachanosky, N. (2019). Can Bitcoin become money? The monetary rule prob- lem. Australian Economic Papers. 58 (4). 365–374.
- Caetano, R. (2015). Learning Bitcoin. Birmingham: Packt Publishing
- Calcaterra, C., Kaal, W. A., Rao, V. (2020). Stable Cryptocurrencies. Washington University Journal of Law & Policy. 61, 193-227
- Catanzaro, Z. L., Kain, R. (2020). The Revolution Will Be Memorialized: Selected Blockchain-Based Smart Contract Use Cases. Florida Bar Journal. 94 (5). 52–56
- Cavalheiro, G. M. do C., Cavalheiro, M. B. (2022). Assessing technological trends through patent landscaping: The case of Bitcoin. Journal of World Intellectual Property. 25 (1). 206–219
- Cvetković, M. (2018). Novčane obaveze i kriptovalute. Zbornik radova Pravnog fakulteta u Nišu. 57 (81). 119-138
- Cvetković, P. (2020). Blokčejn kao pravni fenomen – uvodna razmatranja. Zbornik radova Pravnog fakulteta u Nišu. 59 (87). 127-144
- Dimitrijević, M. (2018). Elektronski novac u savremenom monetarnom pravu. Zbornik radova Pravnog fakulteta u Nišu. 57 (81). 221-236
- Dinić, V. (2014). Bitkojn kao decentralizovana valuta. Bankarstvo. 43 (2). 108-137
- Đorđević, A. (2018). The Application of Advanced Technologies in the Field of International Finances: Bitcoin Phenomenon. Ekonomika. 64 (1). 95-104
- Garratt, R., Wallace, N. (2018). Bitcoin 1, Bitcoin 2, An Experiment in Privately Issued outside Monies. Economic Inquiry. 56(3). 1887-1897
- Hayek, F. A. (1976). Denationalization of Money (An Analysis of the Theory and Practice of Concurrent Currencies). London: The Institute of Economic Affairs. Retrieved 10 March 2023 from https: iea.org.uk/wp-content/uploads/2016/07/ Denationalisation%20of%20Money.pdf
- Horvatić, H., Tafra, V. (2022). Identifikacija komercijalne blockchain tehnologi- je te izazovi i opasnosti primjene kroz konkretne primjere. Obrazovanje za poduzetništvo - E4E. 12 (2), 105-120
- Hutchinson, M., Dowd, K. (2015). Bitcoin Will Bite the Dust. CATO Journal. 35 (2). 357–38. Retrieved 1 March 2022; https: www.cato.org/sites/cato.org/files/ serials/files/cato-journal/2015/5/cj-v35n2-12.pdf
- Jović, Ž., Nikolić, I. (2022). The Darker Side of Fintech: the Emergence of New Risks. Zagreb International Review of Economics & Business. 25 (SCI). 46-63
- Karabulut, T. Sari, S.S. (2022). The attitude of academic staff towards Bitcoin. Ekonomski vjesnik. 35 (1), 55-67
- Karame, G., Androulaki, E. (2016). Bitcoin and Blockchain Security. Boston, London: Artech House
- Magnuson, J. W. (2022). The Failure of Market Efficiency. Brigham Young Univer- sity Law Revew. 48 (3). 827-908 Retrieved 21 April 2023 from https: papers. ssrn.com/sol3/papers.cfm?abstract_id=4096270
- McGinnis, J. O. (2020). Bitcoin’s Nature and Its Future. Harvard Journal of Law & Public Policy. 43 (1). 59–66. Retrieved 11 February 2022 from https: ezproxy. nb.rs:2076/login.aspx?direct=true&db=aph&AN=141404064&site=eds-live
- Mijatović, N. (2022). Pravna (ne)uređenost kriptovaluta i njihov utjecaj na in- dustriju osiguranja. Hrvatski časopis za OSIGURANJE. (6). 93-106
- Mirjanich, N. (2014). Digital Money: Bitcoin’s Financial and Tax Future despite Regulatory Uncertainty. DePaul Law Review. 64 (1). 213–248
- Nakamoto, S. (2008). Bitcoin: A Pear-to-Pear Electronic Cash System. [Electronic version]. Retrieved 29 January 2021 from https: bitcoin.org/bitcoin.pdf
- Pernice, C. (2021). Bitcoin: Civil Law Topics and Issues. Italian Law Journal. 7(2). 769–802
- Radulović, S. (2021). Bitcoin and Cryptocurrency Clauses. Zbornik radova Prav- nog fakulteta u Nišu. 60 (93). 29-44
- Raskin, M. I. (2015). Realm of the Coin: Bitcoin and Civil Procedure. Fordham Journal of Corporate & Financial Law. 20 (4). 969–1011
- Roth, N. (2015). An Architectural Assessment of Bitcoin: Using the Systems Modeling Language. Procedia Computer Science. 44. 527-536.
- Syropyatov. V. A. (2021). Stablecoins as an implementation of Hayek’s private money theory. Russian Journal of Economics and Law. (2). 318–331. Retrieved 10 March 2023, from https: doi.org/10.21202/1993-047X.15.2021.2.318-331
- Šoja, T., Senarathne, C. W. (2019). Bitcoin i diversifikacija portfolija - perspektiva globalnog investitora. Bankarstvo. 48 (4), 44-63
- Teomete Yalabık, F., Yalabık, İ. (2019). Anonymous Bitcoin v enforcement law. In- ternational Review of Law, Computers & Technology. 33(1), 34–52 Retrieved 13 January 2023 from https: ezproxy.nb.rs:2076/login.aspx?direct=true&db=bu h&AN=134805585&site=eds-live
- Tiwari, T. (2021). The Super Halving Explained. Palm Beach Daily, editors letter to subscribers dated 18.05.2021.
- Turudić, D.A., Milić, J., Štulina, K. (2017) Korištenje kriptovaluta u međunarod- nom poslovanju. Zbornik sveučilišta Libertas. 1-2 (1-2). 191-210
- Vareško, A., Deković, D. (2022). Utjecaj pandemije COVID 19 na povezanost kretanja cijena bitcoina i vodećih svjetskih burzovnih indeksa. Zbornik radova Međimurskog veleučilišta u Čakovcu. 13 (2). 89-99
- Zebec, S. (2018). Pravna regulacija bitcoina i ostalih virtualnih valuta u nekim neeuropskim zemljama i hrvatskom zakonodavstvu. Zbornik radova Međimur- skog veleučilišta u Čakovcu. 9 (1). 87-91
-
-
@ f4a890ce:af88c4aa
2025-06-15 03:57:21
執行摘要
市場經歷回調後進入盤整期，總市值維持在3.24兆美元，成交量與交易活躍度持續走弱，顯示投資人正等待新方向。本週建議聚焦以下數據：
比特幣關鍵支撐與壓力區: URPD密集支撐帶104,000美元下方，若價格跌破需提防市場加速回調；反之，若重回105,000美元以上，將確認技術反彈啟動。
現貨買盤動能指標 :持續追蹤 Coinbase Premium Index、Korea Premium Index 是否維持正值，這將反映全球主力市場現貨買盤是否仍具支撐力。
ETF 資金動向:上週 BTC ETF 出現大幅流出，若本週流出持續，可能進一步壓抑市場信心；相對地，ETH ETF 資金流入能否維持，將是觀察主流資金偏好的重點。
加密市場
本週加密貨幣市場總市值維持在 3.29 兆美元 左右，顯示市場基本面仍具穩定性。與此同時，當週總成交量下降至 617.22 億美元，反映出市場活躍度有所降低，投資者交易意願趨向謹慎。
https://coinmarketcap.com/charts/
市場情緒方面，恐懼與貪婪指數為 52，落於中性區間，表明投資者對市場前景沒有明顯的樂觀或悲觀情緒，情緒呈現平穩狀態。
https://www.coinglass.com/zh-TW/pro/i/FearGreedIndex
相對強弱指標顯示部分標的處於中性至弱勢區間，暗示短期內市場可能面臨獲利回吐或技術性修正的壓力，動能顯得較為不足。
https://www.coinglass.com/zh-TW/pro/i/RsiHeatMap
山寨幣季節指數維持在 20，這表明市場資金依然偏向於比特幣及其他主流加密貨幣，中小型代幣未獲得大量關注。
https://www.blockchaincenter.net/en/altcoin-season-index/
穩定幣市值上升至 251.548 億美元，反映出仍然有資金流入，但部分資金正積極尋求避險，或準備在市場調整後抓住更具吸引力的進場時機。
https://defillama.com/stablecoins
小結
本週加密市場總市值保持穩定，但成交量下降與相對強弱指標偏弱顯示市場交易熱情減弱，投資者情緒趨於保守。山寨幣季節指數維持低位，說明資金繼續集中在主流幣種，而穩定幣市值的上升則暗示投資者正在為未來可能的市場調整做準備。
未來，市場動向仍將受到資金流向和宏觀經濟變化的影響，密切關注這些指標將有助於判斷進一步的趨勢。
衍生性商品
本週永續合約持倉規模達 143.36B，市場活躍度依舊保持在高水準，顯示出投資者對槓桿交易需求的持續熱情。
https://www.coinglass.com/zh-TW/pro/futures/Cryptofutures
當前市場資金費率為 0.0018%（多數交易所均呈正費率），表明市場中多頭情緒仍占上風，因近期價格短時間急跌導致市場資金費率數值不高。
https://www.coinglass.com/zh-TW/FundingRate
整體而言，本週總空單爆倉金額為 891.441M，而多單爆倉則達 1563.242M。數據顯示多單在高槓桿環境下的風險較大，特別是在 6 月 12 日與 6 月 13 日，市場出現大量爆倉事件，主要以多單清算為主。
https://www.coinglass.com/zh-TW/LiquidationData
清算熱力圖顯示，在約 $111,000 的價格區間，清算金額達到 142.1M，這一水平可能成為近期市場波動的關鍵阻力區，投資者需加以留意。
https://www.coinglass.com/zh-TW/pro/futures/LiquidationHeatMap
期權市場活躍，投資者在不同價格區間進行對沖與佈局：
$100,000 的看跌期權合約數量達 12.23K，總金額為 $29.37M，顯示部分投資者對市場下跌風險進行了防禦性的配置，短期可以視為支撐區間。
$110,000 的看漲期權合約數量達 13.69K，總金額為 $57.16M，反映出市場對上行潛力仍保持期待，但與看跌期權相比，金額與合約數量略有差距，表明市場預期存在一定分歧。
https://www.coinglass.com/zh-TW/pro/options/OIStrike
最大痛點位於 2025/06/27 的 $100,000，對應名義金額達 13.83B。這一數據顯示，在該價位附近存在大量未平倉部位，若市場走向觸發，可能會引起顯著的價格波動。
https://www.coinglass.com/zh-TW/pro/options/max-pain
小結
本週加密市場的衍生性商品數據顯示，儘管永續合約持倉依然維持在高位，但資金費率轉為低位正值，加上近期大量多單爆倉事件，市場風險提示逐漸浮現。期權市場則反映出市場參與者在看跌與看漲情緒上的分歧，最大痛點的持倉集中使得 $100,000 成為未來觀察市場動態的重要區間。建議投資者密切關注市場波動，審慎調整槓桿與對沖策略，從而在風險與機會間達成平衡。
ETF
本週，加密貨幣衍生性商品市場出現明顯分歧，資金流向呈現不同趨勢。比特幣（BTC）ETF 方面，本週出現資金流出，金額達$47.8M。這一變化顯示，部分投資者對比特幣近期走勢保持謹慎，可能因宏觀經濟不確定性或市場波動風險而選擇調整資金配置。
以太坊（ETH）ETF 則呈現資金流入態勢，本週流入金額$25.3M。這表明，儘管部分資金從比特幣中撤離，但投資者對以太坊的技術升級及生態系統發展持續看好，認為 ETH 具有長期成長潛力。
https://coinmarketcap.com/zh-tw/etf/
小結
總體而言，本週加密貨幣衍生性商品市場展現出資金流向的明顯分歧：比特幣ETF出現淨資金流出，而以太坊 ETF 則錄得流入。投資者在謹慎配置資金以應對市場風險的同時，也在關注標的資產的長期發展潛力。
近期也有許多公司效仿 Strategy 開始囤積加密資產，這也有可能是以太坊 ETF 錄得流入的原因。未來，仍持續關注宏觀經濟及技術革新動態，將有助於更好地掌握市場轉折點與資金流向走勢。
鏈上分析 | BTC
二級交易所比特幣儲備量持續下降，再度創下新低，顯示交易所上待售比特幣供給逐步減少，潛在拋壓持續減輕。
在地址分布方面，與上週相同，未見任何反轉跡象：10–100 顆的中型持倉地址數量持續探低，而 100–1k、1k–10k、10k 以上顆數的大型與超大型持倉地址數量均維持上升趨勢。
https://cryptoquant.com/community/dashboard/67e2481ba2a7203afd437b31
值得一提的是，除了我們在 CryptoQuant 上觀察到的數據（該平台已排除礦工與交易所地址），BGeometrics 的地址分布資料亦提供另一視角(全網地址)，本週各持倉區間地址數量普遍略減，僅 1 顆 BTC 以下的小額地址呈現增長。
https://charts.bgeometrics.com/bitcoin_distribution_addr_tables.html
特別是 100–1k BTC 的地址數量減幅較為顯著，但從 bitcoinmagazinepro 公布的 Addresses with Balance > 100 BTC 數據來看，大型持倉地址近期呈現積極囤積態勢，顯示市場中大資金仍在持續加倉布局，對中長期市場信心維持正向。
https://www.bitcoinmagazinepro.com/charts/addresses-greater-than-100-btc/
雖然近期 100 BTC 以上的地址持續瘋狂囤積比特幣，顯示市場對資產配置的需求大增，但從 Address Net Position BTC 30 days 數據來看，真正能影響市場價格波動與方向的，仍是持倉 1k–10k BTC 的地址群體。這類大戶的持倉變化對市場資金流向具有決定性影響，因此值得高度關注。筆者推測，近期大量囤積約 100 BTC 的地址，很可能是企業或機構出於資產配置需求購買比特幣，以作為對抗市場或宏觀經濟風險的一種策略手段。
100-1k Net Position BTC 30 days :https://charts.bgeometrics.com/reports/bitcoin_shark_30d_sum_g.html
1k-10k Net Position BTC 30 days :https://charts.bgeometrics.com/reports/bitcoin_whale_30d_sum_g.html
URPD 指標顯示市場在經歷回調後，價格依然穩固地維持在籌碼最集中、具備顯著支撐力的區域，這代表大多數投資者的平均持倉成本位於當前價格附近，形成強勁的防守層。
https://charts.bgeometrics.com/distribution_realized_price.html
近期鏈上數據顯示，Coinbase 益價指數在 0.049 以上，而韓國益價指數在 2 的高位，這反映出無論在美國或韓國市場，投資者對比特幣的購買意願仍相對強勁。此現象側面突顯全球主要市場對比特幣的需求支撐力。
Coinbase Premium Index:https://cryptoquant.com/asset/btc/chart/market-data/coinbase-premium-index?window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
Korea Premium Index:https://cryptoquant.com/asset/btc/chart/market-data/korea-premium-index?window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line
小結
近期比特幣鏈上數據顯示，二級交易所儲備量持續下降，再次創下新低，反映出投資人將資產移出交易所、偏向長期持有的態勢。
地址分布方面，10-100顆的地址數量持續減少，而100-1k、1k-10k與10k以上顆數的地址數量穩步上升，特別是1k-10k的地址，從近30日淨持倉變化可見其對市場影響力仍為主導。
雖然100顆以上地址積極增持，可能代表企業為資產配置、防範風險所為，但尚不足以主導價格走勢。
URPD指標顯示市場回調後價格維持在籌碼最集中區間，支撐明顯。Coinbase 與韓國溢價指數分別穩於 0.049 和 2，顯示美韓市場買盤意願仍強。
整體而言市場結構偏向於短期健康回調，但仍需持續觀察外部宏觀變數對資金流向的影響。
總體經濟
聯邦基金有效利率持續維持在 4.33%，這表明在當前高利率政策下，資金成本依然居高不下，對整體風險資產形成持續壓力。
https://fred.stlouisfed.org/series/FEDFUNDS
隨著 6 月 18 日 FOMC 會議臨近，市場普遍預期當前利率大概率將維持在 4.25%-4.50% 區間；而6 月及 7 月的會議幾乎可以確定不會降息。值得注意的是，目前市場對於 9 月 17 日 會議出現降息一碼的預期已高達 56.8%，這一轉變反映了部分投資者對未來資金回流的期待，同時也透露出市場對持續高利率環境的謹慎態度。
https://www.cmegroup.com/cn-t/markets/interest-rates/cme-fedwatch-tool.html
消費者物價指數 (CPI) 微微上升至 2.38%，顯示通膨壓力還算可控；而失業率則穩定在 4.2%，反映出勞動市場的基本韌性。但在高利率與流動性受限的背景下，這些正面基本面數據未能對加密貨幣價格產生足夠支撐。
失業率:https://www.macromicro.me/series/37/unemployment-rate
消費者物價指數（CPI）:https://www.macromicro.me/series/128/consumer-price-index-sa-yoy
小結
綜合來看，加密市場在高利率政策和緊縮流動性的雙重影響下，短期內仍面臨較大價格波動風險。儘管 6 月和 7 月的會議預期將維持現有利率水平，但 9 月會議中降息一碼的高預期可能為未來市場帶來資金回流的契機。投資者應持續關注 FOMC 會議及最新經濟數據，謹慎調整策略。
新聞
美國證券交易委員會主席表示正在為 DeFi 平台製定「創新豁免」政策
彭博：韓國執政黨希望允許公司發行穩定幣
眾議院標誌著市場結構改革的勝利，參議院開始通過穩定幣法案
川普：政府將致力於建立「清晰、簡單」的加密框架
Shopify 將在 Coinbase 平台上為全球商家提供 USDC 支付服務
-
@ 3ffac3a6:2d656657
2025-06-15 03:38:59
Securely Expose Your LND Node via Cloudflared and a VPS
Introduction & Motivation
Exposing your Lightning Network Daemon (LND) node to the public internet is essential for full participation in the Lightning Network. However, doing so introduces critical challenges in terms of security, privacy, and resilience against attacks.
This guide presents a solution using Cloudflare Tunnel and Cloudflare Access—a modern, secure method to expose services to the internet while maintaining strict control and minimizing exposure. We also compare this approach with more traditional methods such as SSH tunnels and VPNs (WireGuard/OpenVPN + socat/iptables) to highlight the trade-offs.
Traditional Exposure Methods: Risks and Limitations
SSH Reverse Tunnels (
ssh -R,sshtunnel)- ✅ Outbound-only: The connection is initiated from the LND host. The VPS cannot reach the internal network on its own.
- ⚠️ Metadata exposure: The LND host's IP address, SSH key, and connection metadata are visible to the VPS.
- ⚠️ Access control is coarse: Without extra measures, any process on the VPS can access the forwarded service.
- ⚠️ No service-layer authentication: Anyone reaching the exposed port can interact with LND, assuming the protocol is known.
VPNs (WireGuard/OpenVPN + iptables or socat)
- ⚠️ Blurs the security boundary: VPNs extend the network perimeter to remote clients. Misconfigured rules can inadvertently expose internal services.
- ❌ Allows lateral movement: If the VPS is compromised, it may gain full access to the LND host’s network.
- ✅ Traffic is encrypted, but requires correct firewalling and routing to be safe.
- ⚠️ Complexity: These setups often involve manual iptables, port forwarding, and tight coupling of services.
Cloudflare Tunnel + Access (This Guide)
This solution uses Cloudflared on the LND host to initiate an outbound connection to Cloudflare, which then routes traffic through a secured, authenticated TCP tunnel via a VPS.
- ✅ No exposed ports on the LND host.
- ✅ VPS cannot discover or access the LND IP—only forwards TCP packets to Cloudflare.
- ✅ Service Token authentication ensures only authorized clients can connect.
- ⚠️ Trust in Cloudflare is required. While your LND host is protected from the internet, Cloudflare can see metadata, and potentially, inspect unencrypted traffic.
- ❌ Cloudflare is proprietary infrastructure. You’re protected from attackers, but not necessarily from Cloudflare or governments.
Security & Privacy Comparison
| Feature | SSH Tunnel | VPN + socat/iptables | Cloudflare Tunnel + Access | | --------------------------------- | ------------------ | -------------------- | -------------------------- | | Encrypts traffic | ✅ | ✅ | ✅ | | Initiated from LND host | ✅ | ❌ | ✅ | | Prevents VPS from accessing LAN | ✅ | ❌ | ✅ | | Hides LND IP from VPS | ❌ | ❌ | ✅ | | Hides LND IP from tunnel provider | ❌ | ✅ | ❌ | | Proprietary infrastructure | ❌ | ❌ | ⚠️ (Cloudflare) | | Fine-grained access control | ⚠️ (manual) | ⚠️ (manual) | ✅ (Service Token) | | Susceptible to VPS compromise | ⚠️ (metadata only) | ❌ (full access) | ✅ (isolated forwarding) |
Tutorial: Step-by-Step Setup
1. Set Up the Cloudflare Tunnel
- In your Cloudflare Zero Trust dashboard, navigate to Access → Tunnels.
- Create a new tunnel (e.g.,
lnd-tunnel). - Choose Use Token Authentication and copy the token.
-
Add a Public Hostname:
-
Hostname:
lnd-external-access.mydomain.com - Service Type: TCP
- URL:
tcp://lnd:9735(This is the internal Docker hostname and port for LND.)
2. Run Cloudflared on the LND Host
Assuming your LND node runs in Docker inside the
bitcoin-netnetwork:.envenv TOKEN=your-cloudflare-tunnel-tokendocker-compose.yml```yaml version: "3.8"
services: cloudflared: image: cloudflare/cloudflared:latest command: tunnel --no-autoupdate run --token ${TOKEN} restart: unless-stopped env_file: - .env networks: - bitcoin-net
networks: bitcoin-net: external: true name: bitcoin-net ```
3. Create the Cloudflare Service Token
- Go to Access → Service Auth.
- Click Create Service Token.
- Name it (e.g.,
lnd-access-client) and store both the Token ID and Token Secret—you’ll need these on the VPS and to configure access.
4. Define the Cloudflare Access Application
- Navigate to Access → Applications → Add an Application.
- Choose Self-hosted.
-
Set:
-
Application Name:
lnd-external-access - Domain:
lnd-external-access.mydomain.com -
In Policies:
-
Add a policy:
- Name:
Allow via Service Token - Action:
Service Auth - Include → Service Token: select the token you just created
- Name:
5. Deploy the Forwarding VPS
a. Configure firewall:
bash sudo ufw allow ssh sudo ufw allow 9735/tcp sudo ufw enableb. Set environment variables:
.envenv TOKEN_ID=your-service-token-id TOKEN_SECRET=your-service-token-secret HOSTNAME=lnd-external-access.mydomain.com LISTEN=tcp://0.0.0.0:9735c. Run Cloudflared:
docker-compose.yml```yaml version: "3.8"
services: cloudflared: image: cloudflare/cloudflared:latest ports: - 9735:9735 command: > access tcp --service-token-id ${TOKEN_ID} --service-token-secret ${TOKEN_SECRET} --hostname ${HOSTNAME} --url ${LISTEN} --loglevel debug env_file: - .env restart: unless-stopped ```
6. Configure DNS
In Cloudflare DNS:
-
Create an A record:
-
Name:
lnd - Type: A
- Value:
VPS_IP - Proxy status: DNS only
7. Configure LND
Edit
lnd.confto include:ini externalip=lnd.mydomain.comRestart LND to apply changes.
8. Test the Connection
From another LND node or client:
bash lncli connect <pubkey>@lnd.mydomain.com:9735Check logs in LND and Cloudflared to confirm successful connection.
Final Notes
- This method preserves your network perimeter, even if the VPS is compromised.
- All traffic is authenticated with service tokens, and no direct access is possible to your LND host.
- You do trust Cloudflare, so weigh that risk in high-privacy environments.
-
@ 8d34bd24:414be32b
2025-06-15 03:31:00
How do you look at the things in your life?
-
Do you focus on your physical problems or do you look forward to your resurrection body in heaven?
-
Do you spend your time trying to fix the corruption in government or do you spend your time trying to bring as many people as possible home to heaven?
-
When you see someone suffering do you first pray for their physical healing or do you pray for their spiritual healing?
-
Do you work to fit in with the people around you or do you work to become more Christ-like?
-
Do you crave entertainment or do you crave biblical enrichment?
-
Do you focus more on your citizenship here on earth or more on your eternal citizenship?
-
Do you seek fellowship with the people of this world or do you seek fellowship with your Savior?
-
Do you look at people’s faults and how they hurt you or do you look at their hurt and separation from God and seek to bring them to Jesus?
-
Do you spend your time on work and entertainment or do you spend your time studying the word of God, praying to God, and telling others about God?
Do you have an earthly or an eternal perspective?
Physical or Spiritual Needs
Jesus always had an eternal perspective. This event is just one example.
One day He was teaching; and there were some Pharisees and teachers of the law sitting there, who had come from every village of Galilee and Judea and from Jerusalem; and the power of the Lord was present for Him to perform healing. And some men were carrying on a bed a man who was paralyzed; and they were trying to bring him in and to set him down in front of Him. But not finding any way to bring him in because of the crowd, they went up on the roof and let him down through the tiles with his stretcher, into the middle of the crowd, in front of Jesus. Seeing their faith, He said, “Friend, your sins are forgiven you.” The scribes and the Pharisees began to reason, saying, “Who is this man who speaks blasphemies? Who can forgive sins, but God alone?” But Jesus, aware of their reasonings, answered and said to them, “Why are you reasoning in your hearts? Which is easier, to say, ‘Your sins have been forgiven you,’ or to say, ‘Get up and walk’? But, so that you may know that the Son of Man has authority on earth to forgive sins,”—He said to the paralytic—“I say to you, get up, and pick up your stretcher and go home.” (Luke 5:17-24) {emphasis mine}
In this familiar story a man who was paralyzed was brought to Jesus for healing. The paralytic’s friends worked so hard to get him physically healed that they hauled him up on the roof, dug through the roof, and lowered him down in front of Jesus. What was Jesus’s response? Jesus forgave the man’s sins. Every person there saw the man’s need to be able to walk, so he could take care of himself here on earth. Jesus saw the more important spiritual need and forgave his sins. After taking care of his eternal need, he also took care of his more earthly need and healed him physically.
Do you see people’s eternal need or do you just see their physical needs or worse, only see their earthly failings? Do you only see the hurt they are causing you or do you see the hurt they feel that comes from being separated from God?
Earthly or Heavenly Citizenship
I’ve been involved in politics for many years. I’ve been to precinct, county, state, and national conventions. I’ve written, debated, and defended political platforms and resolutions. I vote every election. All of that is good and useful, but is that where we are supposed to spend most of our time and effort? I’ve come to the conclusion that this is not what is most important.
For our citizenship is in heaven, from which also we eagerly wait for a Savior, the Lord Jesus Christ; who will transform the body of our humble state into conformity with the body of His glory, by the exertion of the power that He has even to subject all things to Himself. (Philippians 3:20-21)
We are told that our citizenship is in heaven. The majority of our effort should be put into support of our heavenly citizenship, not our earthly citizenship. That doesn’t mean that we should let our earthly kingdom fall apart and turn away from God, but it does mean we should be more focused on turning hearts and minds to Jesus than we are with setting domestic laws. We should be more focused on worshipping God than supporting politicians.
Sadly I see too many Christians who focus on pushing the “Pledge of Allegiance to the Flag” than they do pushing loyalty to Jesus. I see too many Christians who put all of their effort into electing the “right” politician instead of pointing people to the real Savior. I see too many Christians who try to pass the “right” laws instead of reading the law of God. I see too many Christians who put all of their effort into changing people’s minds to the “right” party instead of changing hearts and minds for Christ.
Do you really seek the kingdom of God or are you only focused on your earthly nation? Do you spend more time trying to win people for your political party than you do trying to win people for Christ? Our primary focus should be on the Millennial Kingdom of Christ and on eternity in heaven with Jesus, not on our earthly country.
Yes, we are to be a light in the world and we should seek the good of our earthly nations, but sharing the gospel, living a life honoring to God, and doing everything within our power to draw people to Jesus should be our focus and where we put most of our effort.
And He came and preached peace to you who were far away, and peace to those who were near; for through Him we both have our access in one Spirit to the Father. So then you are no longer strangers and aliens, but you are fellow citizens with the saints, and are of God’s household, having been built on the foundation of the apostles and prophets, Christ Jesus Himself being the corner stone, in whom the whole building, being fitted together, is growing into a holy temple in the Lord, in whom you also are being built together into a dwelling of God in the Spirit. (Ephesians 2:17-22)
The Hurt They Cause or the Hurt They Feel
People today are selfish and hurtful. Most people are trying to be the greatest victim which means they are accusing others of being abusers, tyrants, or haters. People are impolite, inconsiderate, and sometimes downright hateful. How do you respond?
Do you attack back when you are attacked? Are you rude back when you are treated rudely? Do you only see how others hurt you or can you see the hurt behind the hurtful behavior?
Most of the people who are striking out with hate and anger are truly hurting people. They have been taught that they are evolved pond scum and feel hopeless. They have been mistreated by other hurting people. They have been taught to be victims and to hate anyone who may not be a victim. Instead of feeling hate, we should feel compassion.
In Matthew 18:21-35 Jesus tells a parable of a master who forgives his slave of his debts, but then that slave does not show the same mercy to another who owes him much less. The slave is rebuked.
Then summoning him, his lord said to him, ‘You wicked slave, I forgave you all that debt because you pleaded with me. Should you not also have had mercy on your fellow slave, in the same way that I had mercy on you?’ (Matthew 18:32-33)
God loved us before we loved Him. Jesus forgave us far more than we can ever forgive others. After all Jesus did for us, we should be forgiving like He is. We should see other’s hurt and eternal destination and have compassion on them. Instead of treating them the way we were treated, we should treat them like Jesus treated us. We should seek their eternal good above our momentary comfort.
And He said to them, “Come away by yourselves to a secluded place and rest a while.” (For there were many people coming and going, and they did not even have time to eat.) They went away in the boat to a secluded place by themselves.
The people saw them going, and many recognized them and ran there together on foot from all the cities, and got there ahead of them. When Jesus went ashore, He saw a large crowd, and He felt compassion for them because they were like sheep without a shepherd; and He began to teach them many things. (Mark 6:31-34) {emphasis mine}
Just as Jesus had compassion for the crowd and their spiritual needs when He and His disciples had need of food and rest, in the same way we should sacrifice our egos to minister to the spiritual needs of those that may seem unlovable because of their eternal need.
May the Lord of Heaven help us to have an eternal perspective and to view everything and everyone with that eternal and spiritual perspective so we can faithfully serve Jesus and bring with us a plentiful harvest. May Jesus use us for His glory and for the eternal good of those around us.
-
-
@ 3c389c8f:7a2eff7f
2025-06-15 03:22:13
Nostr's first algorithmic relay feed, was introduced by prolific Nostr user, builder, and supporter, utxo the webmaster and the Bitvora team. This idea takes control of your algorithms away from 3rd parties and puts it directly in the user's hands. The system was designed to give readers the ability to choose who and what they want to see in their Nostr feed, and at what frequency, while also encouraging discovery of new and interesting content. The design keeps in mind that users may not want to see posts that are inflammatory or contentious like ad-driven algorithms assume, but ones that simply generate interesting conversations. On top of that, it is also clearly designed to incentivize users to spend time offline and still keeping up with things that are important to them online.
After playing with the various settings, I have been pleasantly surprised with how well it works. To set up your individualized algo relay feed, you simply visit the landing page and sign in with your signer of choice. You will first be presented with some information about your network and the authors you interact with the most. This is a neat little bonus to me. I can clearly see the profiles that provide me with value, whether it be through learning, friendship, or professional (whatever that means). It gives me a good feeling to see who has been worthy of my attention, and I imagine if I were one to engage in defensive online discussions, the presentation of these authors might make me take a second look at my own behavior. Maybe the idea of anyone else doing that is a pipedream, but I like the thought. Just beyond the network information are some insightful statistics about the ways you engage online, like how often you post and reply.
Towards the bottom of the page are your actual settings:
As you can see, there are a variety of settings that all will impact the way that your personalized feed is built. Simply make some adjustments that feel right for you and click save. Your personalized algorithm feed will be available to you in any client that enables relay browsing, like Jumble and Coracle. It is worth trying out a couple of different formulas, as they are quite effective. Once you find a balance that feels right, you can just save the relay as a favorite for easy access, and basically forget about it. They relay will keep your settings to build your personalized Nostr feed whenever you connect. If at any time you need a change, just revisit the page and make your adjustments. The software is open source, making it possible to host your own for yourself and your friends.
I have found a lot of interesting content and people through the Nostr AlgoRelay. My first few settings adjustments didn't quite suit what I was looking for, but a few tweaks brought forth notes from some of my favorite people that I had missed but not stuff that was really outdated, a few notes from popular figureheads, and some things that my friends were engaging with that I did not know about prior. I highly recommend giving it a try, beyond a quick glance. The true value of this relay grows in time, as you go about life and come back to visit your Nostr world.
-
@ 502ab02a:a2860397
2025-06-15 01:11:24
“นาฬิกาชีวิตระดับยีน” ที่ไม่ได้เดินตามเข็ม แต่เดินตามแสงแดด ลมหนาว กลิ่นฝน และแม้กระทั่งความเงียบในฤดูหนาว... โลกที่เรียกว่า Epigenetic Clock ซึ่งไม่ได้แค่บอกอายุ แต่ยังเปลี่ยนพฤติกรรมของเซลล์ตามฤดูกาล เหมือนกับที่ใบไม้เปลี่ยนสีโดยที่ต้นไม้ไม่ได้ตั้งใจ
แม้เราจะคิดว่าอายุถูกวัดด้วยวัน เดือน ปีที่ผ่านไป แต่ในทางชีววิทยาอายุจริง ๆ ของร่างกายเราวัดด้วยสิ่งที่เรียกว่า epigenetic clock หรือนาฬิกาชีวิตที่ฝังอยู่ในระดับยีน ซึ่งไม่ได้เปลี่ยนเพราะตัวเลขในบัตรประชาชน แต่เปลี่ยนเพราะปัจจัยรอบตัวที่มากระทบชีวิตเราในทุก ๆ วัน รวมถึงแสงแดดที่สาดลงมาบนผิวในแต่ละฤดูกาลด้วย ยีนของเรานั้นมี “สวิตช์เปิด-ปิด” ที่ควบคุมโดยกลไกที่เรียกว่า epigenetic marks หรือการเปลี่ยนโครงสร้างดีเอ็นเอเล็กน้อยโดยไม่เปลี่ยนรหัสพันธุกรรมเดิม คล้ายกับที่โน้ตเพลงยังเหมือนเดิม แต่เปลี่ยนจังหวะหรือเสียงเครื่องดนตรีที่ใช้บรรเลง
นักวิจัยพบว่าในสัตว์ที่อาศัยอยู่ในเขตอบอุ่น เช่น หนู ฮอร์โมนการสืบพันธุ์ไม่ได้หลั่งเท่ากันทั้งปี แต่หลั่งตามแสงที่สั้นหรือยาว ซึ่งเป็นตัวส่งสัญญาณให้ระบบ epigenetic ไปปรับยีนที่เกี่ยวข้องกับการผลิตฮอร์โมนเพศ และแม้แต่การสะสมไขมัน โดยยีนบางตัวจะถูก “เมทิลเลต” หรือปิดไว้ในฤดูหนาว แล้วเปิดออกใหม่เมื่อเข้าสู่ฤดูใบไม้ผลิ เพื่อให้ร่างกายกลับมาใช้งานได้อย่างเหมาะสมในฤดูที่มีอาหารมากขึ้น กระบวนการนี้ไม่ใช่เรื่องเฉพาะสัตว์ เพราะในคนก็เกิดขึ้นเหมือนกัน แค่เราไม่รู้ว่ามันกำลังทำงานอยู่ใต้ผิวหนังแบบเงียบ ๆ เท่านั้นเองครับ
ไม่ใช่แค่ฮอร์โมนเท่านั้นที่ขยับตามฤดู แต่ภูมิคุ้มกันเองก็เปลี่ยนตามจังหวะ epigenetic ด้วย นักวิจัยจากมหาวิทยาลัยเคมบริดจ์พบว่าในฤดูหนาว ยีนที่เกี่ยวข้องกับการอักเสบ (inflammatory genes) จะถูกเปิดใช้งานมากขึ้น ในขณะที่ยีนที่เกี่ยวกับการซ่อมแซมและการควบคุมภูมิคุ้มกันกลับถูกปิดบางส่วน ผลก็คือคนเรามีแนวโน้มจะเจ็บป่วยจากโรคอักเสบหรือภูมิแพ้ในฤดูหนาวมากกว่าฤดูร้อน ซึ่งเป็นฤดูที่ระบบภูมิคุ้มกันถูกเซ็ตใหม่ให้โฟกัสที่การซ่อมแซมมากกว่าโจมตี การทำงานเหล่านี้ไม่ได้เกิดแบบสุ่ม แต่สอดคล้องกับแสงแดดที่เปลี่ยนแปลงไปในแต่ละเดือน ราวกับว่าร่างกายเรามี ปฏิทินลับ ที่คอยกางออกให้ยีนอ่านอยู่เสมอ
สิ่งที่น่าสนใจมากกว่านั้นคือ แสงแดดสามารถย้อนวัย epigenetic ได้จริง โดยเฉพาะในรูปของ “early morning sunlight” ซึ่งมีแสงอินฟราเรดยาว ๆ (near-infrared light) ที่ช่วยกระตุ้นการทำงานของ cytochrome c oxidase ในไมโตคอนเดรีย ทำให้ผลิตพลังงานได้ดีขึ้น ลด oxidative stress และกระตุ้นยีนที่เกี่ยวข้องกับการซ่อมดีเอ็นเอ มีงานวิจัยที่แสดงให้เห็นว่าแสงตอนเช้าอาจช่วยลดความเร็วของ epigenetic aging ได้ดีกว่าการออกกำลังกายเสียอีก หากทำอย่างสม่ำเสมอและถูกจังหวะในแต่ละฤดู
ในมุมของการรักษาโรค NCD หรือโรคที่เกิดจากวิถีชีวิตแบบพัง ๆ โอเคเราอาจเคยได้ยินเรื่องอาหาร การออกกำลังกาย หรือการนอน แต่มีน้อยคนที่จะพูดถึงการ “ตั้งนาฬิกาชีวิตให้ตรงกับฤดู” เพราะวงจร epigenetic ไม่ได้ถูกปรับด้วยกิจกรรมแค่วันต่อวัน แต่มันตอบสนองกับช่วงเวลาที่ลึกกว่านั้น คือ “ฤดูชีวิต” แบบ circannual ซึ่งเป็นเหมือนเมตาบอสเต็มรูปแบบของ biological season ที่ธรรมชาติเขียนสคริปต์ไว้แล้ว เราแค่ต้องฟัง
สิ่งที่เราจะทำได้จริงแบบง่าย ๆ คือ การอยู่กลางแดดในฤดูที่ควรอยู่กลางแดด ไม่ใช่ปิดผ้าม่านแล้วเปิด Netflix ทั้งวัน ปล่อยให้แสงจริงกระทบตาและผิวเป็นประจำโดยเฉพาะในช่วงเวลา 7:00 – 9:00 น. และอย่าลืมว่าฤดูไม่ใช่มีไว้แค่เปลี่ยนเสื้อผ้า แต่เปลี่ยนวิธีที่ร่างกายผลิตฮอร์โมน ซ่อมแซมตัวเอง และแม้แต่สร้างเซลล์สมองใหม่ ๆ ซึ่งกระบวนการทั้งหมดนี้ต้องการจังหวะที่ตรงกับปฏิทินของธรรมชาติ
ถ้าความแก่คือผลรวมของความผิดจังหวะเล็ก ๆ ทุกวัน การกลับไปอยู่กับฤดูกาลอีกครั้ง อาจเป็นเหมือนการตั้งวงดนตรีให้เข้าคีย์ใหม่ ฟังได้ไพเราะยิ่งกว่าเสียงใดในโลก และทำให้ “ยีนของเรา” เล่นบทเพลงแห่งชีวิตได้ยาวนานขึ้นอย่างสง่างาม แบบที่ไม่ต้องพึ่งอะไรเลยนอกจากแสงจากฟ้าและความเข้าใจลึก ๆ ที่ธรรมชาติมีให้เราตั้งแต่เกิด
#pirateketo #กูต้องรู้มั๊ย #ม้วนหางสิลูก #siamstr #SundaySpecialเราจะไปเป็นหมูแดดเดียว
-
@ c1e9ab3a:9cb56b43
2025-06-15 00:36:39
1. Introduction
The 21st century is marked by a rare confluence of demographic, technological, and monetary regime shifts. As birth rates fall below replacement levels across advanced and many emerging economies, global population growth slows and begins to reverse. At the same time, automation, AI, and robotics are increasing productivity at an accelerating pace. Simultaneously, trust in central banks and fiat currencies is waning, giving rise to calls for a return to hard currencies (e.g., gold, Bitcoin) and decentralized monetary systems.
These trends pose stark challenges to existing economic theories and institutions. This paper explores their implications through two opposing lenses: Keynesian economics and Austrian (Misesian) economics.
2. The Keynesian Reaction: Deflation, Demand Collapse, and the Paradox of Thrift
2.1. Demand-Side Fragility in a Shrinking Population
Keynesian theory is rooted in the principle that aggregate demand drives output and employment. A declining population implies a falling consumption base, which directly reduces aggregate demand. Combined with increased longevity, this trend leads to a larger retired population disinclined to spend, creating persistent demand shortfalls.
2.2. Technological Unemployment and Reduced Income Velocity
Rapid productivity gains from AI and robotics may displace large segments of labor, leading to unemployment or underemployment. With fewer wage earners and heightened uncertainty, consumption slows further. Even if goods become cheaper, widespread income insecurity constrains the ability to buy them.
2.3. The Paradox of Thrift
In times of uncertainty, both individuals and businesses tend to save more. Keynes argued that if everyone saves, aggregate demand collapses because one person’s spending is another’s income. Thus, increased saving leads to lower incomes, which reduces saving in aggregate—a self-reinforcing contraction.
2.4. Retreat from Fiat and Central Banking: A Catastrophic Constraint
Abandoning fiat currency and central banking removes the government’s ability to perform countercyclical policy. Interest rates cannot be lowered below zero; money supply cannot be expanded to fill demand gaps. In such a regime, deflation becomes chronic, debt burdens rise in real terms, and recovery mechanisms are neutered.
Conclusion (Keynesian):
The combined effect of declining population, rising productivity, and a hard money transition is catastrophic. It leads to a deflationary spiral, mass unemployment, debt crises, and secular stagnation unless aggressively offset by expansive fiscal and monetary policy—tools unavailable in a hard currency system.
3. The Misesian Rebuttal: Market Coordination and the Natural Order of Decline
3.1. Savings as Capital Formation
Mises and the Austrian School reject the paradox of thrift. Savings are not lost demand; they are deferred consumption that funds capital investment. Increased saving, in a free market, lowers interest rates and reallocates resources toward longer-term, higher-order production.
3.2. Deflation as a Signal of Progress
Falling prices due to productivity gains are not a crisis but a benefit. Consumers gain real wealth. Entrepreneurs adjust cost structures. As long as wages and prices are flexible, deflation reflects abundance, not failure.
3.3. Population Decline as Economic Recalibration
A shrinking population reduces demand, yes—but it also reduces the labor supply. Wages rise in real terms. Capital intensity per worker increases. There is no systemic unemployment if labor markets are free and responsive.
3.4. Hard Currency as Restoration of Market Coordination
Transitioning to a hard currency purges fiat-induced malinvestment and restores the price mechanism. With no artificial credit expansion, capital is allocated based on real savings. Booms and busts are mitigated, and long-term planning becomes reliable.
Conclusion (Misesian):
There is no crisis. A hard currency, high-productivity, low-population economy stabilizes at a new equilibrium of lower consumption, higher capital intensity, and rising real wealth. Deflation is natural. Savings are the seed of future prosperity. Government interference, not market adaptation, is the threat.
4. Final Synthesis
The Keynesian and Misesian views diverge on first principles: Keynes sees demand shortfalls and rigidities requiring top-down correction, while Mises sees market-coordinated adaptation as sufficient and self-correcting. As the 21st century evolves, this ideological conflict will shape whether the transition leads to depression or renewal.
References
- Keynes, J.M. The General Theory of Employment, Interest and Money
- Mises, L. Human Action
- Hayek, F.A. Prices and Production
- Böhm-Bawerk, E. Capital and Interest
- Friedman, M. A Program for Monetary Stability
-
@ 8bad92c3:ca714aa5
2025-06-14 23:02:09
Marty's Bent
via levelsio
Over the weekend, prolific vibe coder levelsio took to X to complain about the state of housing affordability across Europe. Something that I was very happy to see considering the fact that there is a massive real estate affordability crisis across much of the world and it is important that people who are respected and have platforms speak out when they identify the problem as well. More eyes and focus on the problem is how something begins to get solved.
With that being said, I think levelsio is missing the forest for the trees by blaming institutionalized NIMBYism, burdensome regulations and governments hoarding land that should instead be given to developers to produce more housing supply. I quote tweeted this particular tweet on the subject from levelsio and wanted to take some time today to republish those thoughts here and expand on the topic.
It’s almost as if real estate is being used as a store of value asset instead of the consumable good that it is.
What @levelsio is observing here is called a “monetary premium”. A monetary premium is the value added on top of the consumable/aesthetic/location value of real estate.
This monetary premium exist because central banks and governments have distorted the market for money and people are forced to push value into assets that are scarce relative to dollars. Over the last 50 years real estate has been one of the relatively scarce assets of choice.
The housing affordability crisis is a negative externality of the market reaction to the corruption of money. It can only be fixed by re-introducing hard money into the economy that enables people to store value reliably. If that emerges they won’t have to store value in real estate, the monetary premium of real estate will dissolve and prices will correct to their proper valuations.
This is one of the problems that bitcoin solves.
It’s still early yet, but more and more people are recognizing the utility provided by a neutral reserve asset that can’t be manipulated by central planners. At scale, the effect on assets that have accumulated a monetary premium over decades will be material. All of these assets are significantly overvalued and their monetary premium are leaking into bitcoin.
Put another way, "It's the money, stupid." Now, this isn't to say that the supply of housing in certain areas being artificially restricted isn't having an effect on the price of housing. This is certainly true, especially in cities like San Francisco where there is a relatively strong demand because of the economic density of the area and the desire of many high agency and productive people to live there. But I would put forth that the monetary premium is still the bigger problem and no amount of de-regulation to enable the supply of housing to increase will solve the affordability crisis in the long-run. The only way to get to the root of this specific problem is via bitcoin's mainstream adoption as an apolitical uncontrollable asset with completely idiosyncratic risks when compared to any individual asset class.
Let's say the government did ease up regulations and local NIMBY sympathetics were shoved in a corner to allow new units to be built. This doesn't solve the problem in the short-run because there is a time-delay between when regulations are lifted and when new supply actually makes it to market. In the interim, governments and central banks are inevitably going to go further into debt and be forced to print money to monetize that debt. This will exacerbate inflation and even if new real estate units are brought to market, the builders/owners of those properties will likely have to demand elevated prices to attempt to keep up with inflation.
This also does nothing to solve the problem of real income and wage growth, which are significantly lagging real inflation. Even if prices came down because of a surge in supply, could the Common Man afford a down payment on the property? I'd be shocked if this was the case. And since it's likely not the case the only way to get people into these houses as "owners" would be to offer them zero-down financing, which makes people feel richer than they actually are and leads them to make financially ruinous decisions.
It's the money, stupid. People need a way to save so that they can buy in the first place. Fiat currency doesn't allow this and the only people who can save effectively are those who make enough money to funnel into substitute store of value assets like real estate.
As it stands today, the price-to-income ratio of real estate is 5.0x and the price-t0-rent index is 1.36. Up from 3.3x and 1.14x respectively where the metrics sat in the year 2000. The growth in these ratios is driven predominately via their monetary premium.
And guess what, it's about to get much worse. Donald Trump, Treasury Secretary Scott Bessent and Elon Musk have all signaled that the plan moving forward is to attempt to drive growth and productivity as high as possible while also letting deficits and the debt increase unabated, which means that inflation is likely to continue unabated and potentially increase.
It might make sense to get some bitcoin if that is the case.
via me
"Whale in the Pool" Risk That Could Destroy MSTY Investors
Jessy Gilger raised serious concerns about MSTY and similar derivative products that promise eye-popping yields. He pointed to the COVID crash where gold mining ETFs using derivatives collapsed 95% and never recovered, despite gold itself performing well. Jessy noted that while his team calculated reasonable MicroStrategy covered call yields of 16-22%, MSTY advertises 120% annualized distributions - a red flag that suggests these aren't sustainable dividends from profits, but potentially just returning investors' own capital.
"If a whale pees in the pool, everyone is affected." - Jessy Gilger
Jessy explained that when large investors need to exit these pooled products during market stress, they must sell derivative positions into illiquid markets with no buyers, potentially triggering catastrophic losses for all participants. His solution? Private pools through separately managed accounts that achieve similar income goals without the contagion risk of being trapped with panicking whales.
Check out the full podcast here for more on Gannett Trust's multi-sig solution, Bitcoin retirement planning and corporate treasury strategies.
Headlines of the Day
World's Largest Bitcoin Conference Starts Tomorrow- via X
Remixpoint to Buy Additional ¥1 Billion in Bitcoin - via X
Get our new STACK SATS hat - via tftcmerch.io
Marty to Judge Bitcoin World Record Try in Vegas - via X
Take the First Step Off the Exchange
Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.
Take control. Start with Bitkey.
Use the promo code *“TFTC20”* during checkout for 20% off
Ten31, the largest bitcoin-focused investor, has deployed 158,469 sats | $150.00M across 30+ companies through three funds. I am a Managing Partner at Ten31 and am very proud of the work we are doing. Learn more at ten31.vc/invest.
Final thought...
Looking forward to a fun, productive and wholesome week in Las Vegas, Nevada.
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:
@media screen and (max-width: 480px) { .mobile-padding { padding: 10px 0 !important; } .social-container { width: 100% !important; max-width: 260px !important; } .social-icon { padding: 0 !important; } .social-icon img { height: 32px !important; width: 32px !important; } .icon-cell { padding: 0 4px !important; } } .mj-column-per-33-333333333333336 { width: 25% !important; max-width: 25%; } .moz-text-html .mj-column-per-33-333333333333336 { width: 25% !important; max-width: 25%; } /* Helps with rendering in various email clients */ body { margin: 0 !important; padding: 0 !important; -webkit-text-size-adjust: 100% !important; -ms-text-size-adjust: 100% !important; } img { -ms-interpolation-mode: bicubic; } /* Prevents Gmail from changing the text color in email threads */ .im { color: inherit !important; }
[
](https://youtube.com/@T -
@ 9ca447d2:fbf5a36d
2025-06-14 23:01:49
Bluebird Mining Ventures Ltd., a UK-listed gold exploration company, has made headlines after announcing it will convert future revenues into bitcoin. This is the first time a UK mining company has committed to having a bitcoin treasury.
Bluebird Mining on X
The news sent Bluebird’s stock flying, rising 63% to £0.6 in 48 hours.
Bluebird which has gold projects in South Korea and the Philippines says this is part of a broader plan to modernize how it manages its finances.
“By adopting a ‘gold plus a digital gold’ strategy, it offers the Company an opportunity to turn the page and look to the future and seek to attract a new type of shareholder,” said Aidan Bishop, Interim CEO and Executive Director.
The company’s management believes bitcoin’s rise as a financial asset reflects growing dissatisfaction with traditional stores of value like gold.
Gold has been a reliable hedge against inflation for centuries, but bitcoin is now being seen as a digital alternative – thanks to its limited supply and independence from central bank policies.
Related: Gold at Historic Low Against Bitcoin | A Paradigm Shift?
“Gold’s position as a store of value has been under threat due to the rising global adoption of bitcoin, which some commentators have described as ‘digital gold’,” Bluebird said in a statement.
The plan is simple. Revenue from Bluebird’s gold mining projects will be used to buy bitcoin. The company says this will allow it to preserve capital and have growth potential through exposure to the digital asset market.
The digital asset will be held on the company’s balance sheet as a long-term reserve asset, just like some companies hold gold or cash. Bluebird sees this as proactive, especially in today’s volatile world of inflation, high debt, and global geopolitical tensions. Bishop said:
“I am convinced that we are witnessing a tectonic shift in global markets and that Bitcoin will reshape the landscape of financial markets on every level.”
Bluebird Mining Ventures is a small but big-thinking company.
With 7 employees and operations across Asia, it’s focused on reopening high-grade gold mines that have been closed. Its main projects are the Gubong and Kochang mines in South Korea and the Batangas Gold Project in the Philippines.
In May 2025, the company renewed its mining permit in the Philippines and is finalizing a deal with its local partner to have a “free carry” — meaning it will hold a share of the future profits without putting in any more money.
At the same time, Bluebird is preparing legal action in South Korea to protect its existing assets there, so while it loves Bitcoin, it hasn’t forgotten its mining roots.
To lead this transformation, Bluebird is currently looking for a new CEO with Bitcoin experience. The company says the right leadership will be key to navigating this hybrid financial model that combines traditional resource extraction with modern financials.
-
@ f7d424b5:618c51e8
2025-06-14 21:53:35
GAMERS, we're back in the virtual studio for another sophisticated and gentlemanly discussion on the most important topic in the media landscape: huge anime tiddies on the best and baddest Bodytype Bs you've ever seen. I think the VA strike ended too or something.
Stuff cited:
- SB steam charts
- Commentary by Megan Shipman
- Mujin video that shows the leaked discord messages from the SAG discord
Obligatory:
- Listen to the new episode here!
- Discuss this episode on OUR NEW FORUM
- Get the RSS and Subscribe (this is a new feed URL, but the old one redirects here too!)
- Get a modern podcast app to use that RSS feed on at newpodcastapps.com
- Or listen to the show on the forum using the embedded Podverse player!
- Send your complaints here
Reminder that this is a Value4Value podcast so any support you can give us via a modern podcasting app is greatly appreciated and we will never bow to corporate sponsors!
-
@ 9f2b5b64:e811118f
2025-06-14 21:41:00
test
-
@ 9f2b5b64:e811118f
2025-06-14 21:39:45
test
-
@ 8671a6e5:f88194d1
2025-06-14 21:39:15
## ParentCoin; limitlessThere's this almost altcoin-like pitch of parenthood these days. I might’ve fallen for the shiny marketing of parenthood — cute baby pics, promises of legacy, the whole “you’ll change the world” vibe. I even heard a would-be mom tell me once (true story) "You know having children, you don't have to be afraid of it, as a dad it doesn't cost as much as you think". \ These people actually believe that. Just like they've fallen for every fiat-scam out there: housing, cars, holidays in France, Nike shoes, 50% taxation, religion and main stream media subscriptions.\ \ It’s 2025, and I’m revisiting this like I’d revisit an old Lightning Network post. \ \ Having kids is like chasing an altcoin airdrop with a slick but buzzword laden whitepaper and a charismatic founder who’s probably exit-scamming as soon as he gets enough of your money in their bank account (yeah you see what I did there). If you're lucky that founder might twerk from time to time to get your attention. But don't hope for too much. Now change that diaper and work an extra job to pay for all of it while inflation murders you.\ \ While you do all that, the most damaging thing about the Having Children Shitcoin (HCS) is the time it takes. It literally can't be shorted like some token on an exchange. It laughs, plays around with your tech gadgets, has to be potty trained (like some altcoin founders) and needs attention, education and a lot of proof of work.\ But the damage is the time. \ The time it takes to do all that, is actually replacing value with time. \ Bitcoin might be a product of proof of work, HCS is not a product but the actual proof of work without the value proposition.\ On top of that, the founder usually lives rent-free in your head your whole life, or even worse: you literally live together with her/him.\ Imagine Satoshi Nakamoto living at your house right now. Like... hi Satoshi.. love your bitcoin man.\ "Yeah, thanks moth**f****r, when are going to buy more skittle and some toilet paper? We ran out 10 minutes ago when I shit all over your dirty toilet, ..."\ "Eh, But Satoshi, why don't you go to the shop to..."\ "Shut up you f'ing a--hole, you made me! You made me what I am today! You liked me when I invented thàh bitcoin right? Now get me some toilet paper and here's a list of items I want from the supermarket! Lazy dumb idiot."\ "You'll clean up the kitchen right?"\ "Yeah yeah, rolls eyes, after my Netflix series man... now get out"\ \ This might sound far-fetched but founders of shitcoins steal your money, while children steal your time ànd money while you have to endure the founders as well.
Time is slowly damaging you while you live your life further and further away from the hard-money proposition. Hell, you even will need to sell some hard money to get by. Because it's a rotten world and children make you short sighted about the future (it limits you to maximum 3 years ahead in my experience with people around me).
Long-term is your enemy Short-term is your prison
You’re hyped for the long-term gains—multi-generational dynasties, just like the elites—but the fine print? It’s a mess. I’m here to unpack the hope, the scepticism, and the grim reality of raising kids in a world that feels like it’s speedrunning towards the absolute bottom. Let me make that clearer:
Our power (as bitcoiners) doesn't grow with these new generations, because we're being out-Idiocracy'd at a rate we can’t reproduce our way out of. Bitcoiners don’t scale. Even if you produce two children that both become die-hard bitcoin maximalists (with a nasal voice and a fondness for TD-sequential analysis.
The Mirage of Birth Having a kid is like snagging a hyped-up crypto airdrop. You’re told it’s “free” value — new life, pure joy, a legacy token dropped into your wallet. Everyone’s tweeting about it, posting ultrasound pics like they just scored 10,000 USDC worth of free shitcoin tokens.
But then the transaction fees hit, getting another place to live more accommodating, getting a school, adopt a dad body demeaner while torpedoing your social life and having no fun other than baking cakes and getting less pussy than a laser pointer with dead batteries. Adjust for inflation), sleepless nights, a vortex of money being vaporized and a lifetime of HODLing a position you can’t dump nor short. You’re basically the holder of last resort for a diatribe of chaos. You’re the entry, the trade, and exit liquidity. The real kicker? Society’s cheering you on while you’re stuck debugging your life and seeing your time drained. You’re frozen in time, while you should be scaling ideas. \ \ Or getting more out of life than being the channelling of funds to a future fiat oppressed kid. Meanwhile, parents (if they stay together that is... with relations with kids having their own version of the bitcoin “halving”, be it every 7 years or so. The parents follow the higher noble goal and get some love and nice moments in return. \ \ They’re stacking diapers instead of sats, living above a dry cleaner next to a subway station that rattles your soul. You can’t short kids, no matter how much you see the “childfree” crowd thriving. The childfree crowd is also not always that neutral, as many of them want this same life, because the marketing, as with many shitcoins is excellent. It makes life more fun, more fulfilling, more whole, while promising you cheap, fast and always immutable transactions. You’re getting duped. \ You buy more stuff, more hobbies no one cares about, and smile at other parents at these gatherings like you’re at the whale room at a bitcoin conference in a bear market. Keep smiling, bitches. That’s you’re life now. The numbers don’t lie. Society sells parenthood as a Bitcoin-level HODL, but the safety net is thinner than a layer-2 solution created by an Albanian exchange.
Raising kids is like betting your airdropped tokens will moon into a blue-chip asset that takes care of you when you’re old. You’re hoping they’ll HODL your hand, not rug-pull you into a nursing home when their “value” spikes. It’s a gamble: will they be decent humans or turn into TikTok zombies? Back in the day, kids were economic assets, working the farm or whatever. Now? You’re praying they don’t ghost you after college or at least recognize all the proof of work you did for them. And yes, you can have a big impact on them, that’s something to be proud of if it works out. But in the end, you are you, a person, with dreams, hopes and needs. \ And your children are too,... they’ll always win. \ \ Teaching them to ride a bike is fun, but it’s like a shitcoin pumping on a founder’s tweet: fleeting, followed by a crash whenever you see the effects of your years of de-progress and social isolation. Socializing with other parents is like making friends with a fellow prisoner of war in some jungle camp, ... you’ll have to be nice because it’s all you have left of society’s pleasantries. So you make small talk or a little joke about a toy someone’s kid has brought to the playground. The real world would see these people piss all over your grave if they could. They’re the figurehead on a ship of fools. And you play along because you’re a total bitch that got stuck in the routine of the famous HCS. Finding trust is hard, certainly in a city’s virtual prison camp where you play Russian roulette for other people’s amusement. It’s like running a Lightning node — fun in theory, but you’re babysitting a system that crashes when you need it most. The highs are real, but “kinda fun” doesn’t cut it when you’re debugging life. \ \ The 35k to 200k € it will cost you throughout your life, is not measurable as gains or losses. Look at the lovely baby pictures, look at their school results, the painting they made especially for you saying “I love you, for the best dad/mom in the whole world”. It hits straight to your brain’s nucleus accumbens. It’s all the balanced injection of the right shot of chemical balanced reward center (ventral tegmental area) food. \ And people with kids wanted that because that’s what the system and urges are. Kids are a leveraged position with no stop-loss, unlike an airdrop you can dump when the hype fades. You’re all-in, praying society doesn’t crash before your “asset” matures. In the meanwhile, you get the occasional surprise through your mesolimbic pathway. \ \ "Happy you" proof of stakes' the unhappy you later. You could be in the Maldives diving into clear water while talking to another “founder”. Funny how that works. \ Meanwhile, the childfree are staking their tokens and chilling. \ Parents aren’t building dynasties; we’re just trying not to get rug-pulled by daycare costs and rotten school-systems that learn our kids to be obedient consumers and non-thinking parrots. It’s a financial social anti-grind with no cure, and the charts, unlike fiat-corporate nonsense, don’t lie.
The elites stack power like blue-chip stocks, minting wealth across centuries. Us? Our kids might be fighting over the leftovers while they battle their way through university diversity and mediocracy. Future generations are supposed to carry the torch, but consumerism and cultural decay make it feel like we’re being out-Idiocracy’d. \ We need to think long-term, teach kids to code, stack sats, and question the system. But above all else, we need them to learn that being more evil is more just. Being complacent in this farce of a system means always, and I mean always, that the multi-generational monsters will prevail. \ \ They’re more stubborn, faster, better educated and they take the shortcuts you can’t have. We have hard money, they have “hard world”.
Conclusion
Eighteen years into this parenting thing (or eight minutes—who’s counting?), it’s clear: kids are a shitcoin airdrop with no exit strategy for you. \ The highs are sweet, the costs are brutal, and the long-term. A gamble on humanity in a world trending toward a broad brush of average things made normal.
Maybe it’s not about winning the bitcoin standard, but betting on something bigger than yourself within yourself, even if that market’s rigged with traps and detractors everywhere. Stack sats, stack diapers, and pray your kids don’t rug-pull your heart. \ Because, let’s face it, we’re not the Rothschilds — we’re just HODLing and hoping. \ While we should be fighting with the hardest money. \ While your baby cries for more food, I hear Michael Jackson sing “If you can’t feed your baby hi hee-hee, then don’t have a baybaah”. \ \ The sad part is, that we're all torn between chasing the fiat-created dreams and the reality that everything is in fact a shitcoin sapping either your time, money or effort. \ Even within the bitcoin space, we don't realize what the next step should be.\ It certainly isn't big families. That's for sure.
AVB\ tipjar: https://allesvoorbitcoin.be/donate/
-
@ 3ffac3a6:2d656657
2025-06-14 19:37:17
🛡️ Tutorial: Secure SSH Access over Cloudflare Tunnel (Docker Optional)
🎯 Objective
Set up a Cloudflare Tunnel to securely expose SSH access to your system without revealing your home IP or requiring port forwarding. This enables secure remote access even behind NAT, CGNAT, or dynamic IP environments.
This guide:
- Uses Cloudflare Tunnels to proxy traffic
- Does not expose your home IP address
- Uses Docker + Docker Compose for orchestration (optional)
- Can be adapted to run under systemd directly if preferred
🔧 Prerequisites
- A domain managed via Cloudflare DNS
- SSH server running on your machine (default port
22) - Temporary access to the
cloudflaredCLI (for tunnel creation) -
Either:
-
Docker and Docker Compose (used in this example), or
- A native
systemdservice (alternative not covered here)
🪜 Step-by-Step Instructions
1. Install and Authenticate
cloudflaredInstall
cloudflared(temporary):bash curl -L https://github.com/cloudflare/cloudflared/releases/latest/download/cloudflared-linux-amd64 \ -o cloudflared && chmod +x cloudflared && sudo mv cloudflared /usr/local/bin/Login with your Cloudflare account:
bash cloudflared tunnel loginThis will open a browser and link the machine to your Cloudflare zone.
2. Create the Tunnel
Create a named tunnel:
bash cloudflared tunnel create ssh-tunnelThis creates a credential file, e.g.:
~/.cloudflared/5f84da12-e91b-4d2e-b4f0-7ca842f622f1.json
3. Define the Tunnel Routing Configuration
Create the tunnel config:
bash nano ~/.cloudflared/config.ymlExample:
```yaml tunnel: ssh-tunnel credentials-file: /etc/cloudflared/5f84da12-e91b-4d2e-b4f0-7ca842f622f1.json
ingress: - hostname: secure-ssh.example.com service: ssh://localhost:22 - service: http_status:404 ```
Then bind the hostname to the tunnel:
bash cloudflared tunnel route dns ssh-tunnel secure-ssh.example.comReplace
secure-ssh.example.comwith your own subdomain under Cloudflare management.
4. Prepare File Permissions for Docker Use (Optional)
If using Docker,
cloudflaredruns as a non-root user (UID 65532), so grant it access to your config and credentials:bash sudo chown 65532:65532 ~/.cloudflared sudo chown 65532:65532 ~/.cloudflared/*
5. Define
docker-compose.yml(Optional)yaml version: "3.8" services: cloudflared: image: cloudflare/cloudflared:latest container_name: cloudflared-ssh-tunnel restart: unless-stopped volumes: - ${HOME}/.cloudflared:/etc/cloudflared:ro - ${HOME}/.cloudflared:/home/nonroot/.cloudflared:ro command: tunnel run ssh-tunnel network_mode: host📝 Docker is used here for convenience and automation. You may alternatively run
cloudflared tunnel run ssh-tunneldirectly undersystemdor a background process.
6. Start the Tunnel
Start the container:
bash cd ~/docker/sshtunnel docker compose up -d docker logs -f cloudflared-ssh-tunnelYou should see
Registered tunnel connectionand other success logs.
7. Connect to the Tunnel from Remote Systems
Option A: Ad-hoc connection with
cloudflared access tcpbash cloudflared access tcp --hostname secure-ssh.example.com --url localhost:2222In another terminal:
bash ssh -p 2222 youruser@localhostOption B: Permanent SSH Configuration
Edit
~/.ssh/config:ssh Host secure-home HostName secure-ssh.example.com User youruser IdentityFile ~/.ssh/id_rsa ProxyCommand cloudflared access ssh --hostname %hThen connect with:
bash ssh secure-home
✅ Result
- Secure SSH access via a public domain (e.g.,
secure-ssh.example.com) - No ports open to the public Internet
- IP address of your machine remains hidden from Cloudflare clients
- Easily extendable to expose other services in future
🔁 Optional Enhancements
- Run as a
systemdservice instead of Docker for lower overhead - Use
autosshorsystemdto maintain persistent reverse tunnels - Expand to forward additional ports (e.g., Bitcoin RPC, application APIs)
- Apply strict firewall rules to limit SSH access to
localhostonly
-
@ 866e0139:6a9334e5
2025-06-14 17:33:06
Autor: Bernd Schoepe. Dieser Beitrag wurde mit dem Pareto-Client geschrieben. Sie finden alle Texte der Friedenstaube und weitere Texte zum Thema Frieden hier. Die neuesten Pareto-Artikel finden Sie in unserem Telegram-Kanal.
Die Anmerkungen zum Text (Fußnoten) folgen aus technischen Gründen gesondert.
Die neuesten Artikel der Friedenstaube gibt es jetzt auch im eigenen Friedenstaube-Telegram-Kanal.
Dies ist Teil 3 des Essays. Lesen Sie hier Teil 1 und Teil 2.
IV Denazifizierungsstopp und die „abgesagte“ NS-Aufarbeitung in der Adenauer-Ära
„Nie wieder Krieg, nie wieder Faschismus!“
Dieses Gelöbnis erfuhr seine Ausformulierung, als die durch Krieg und Verfolgung charakterlich tief geprägten und für ihr Leben gezeichneten Väter und Mütter des Grundgesetzes sich 1948 zum Parlamentarischen Rat versammelten. Dort hat man vor dem Erfahrungshintergrund des Totalitarismus Nazi-Deutschlands in den neunzehn Grundrechtsartikeln die Rechte der Menschen vor dem Staat festgeschrieben, die gegen staatliche „Willkür, Ungerechtigkeit und Gewalt“ (25) schützen sollen. Sie wurden zur Grundlage eines neuen Staatsverständnisses, das vom Humanismus und dem Geist der Aufklärung getragen sein sollte. Das Gelöbnis fand seinen verfassungsmäßigen Ausdruck also im Grundgesetz, das am 23. Mai 1949 feierlich in Bonn verkündet wurde. Dessen Geist manifestiert sich besonders in der sogenannten Ewigkeitsklausel der Menschenwürde (Art.1), die den Grundrechtsartikeln, dem Kanon der Menschen- und Bürgerrechte, vorangestellt wurde.
Doch die Unterschriften unter dem Grundgesetz waren kaum trocken, da wurde dieses Gelöbnis schon durch die Frontstaatenideologie des Kalten Krieges überlagert, konterkariert und in der Praxis sukzessive aufgehoben. Der Kalte Krieg hatte bereits begonnen und seine Akteure bedienten sich ungeniert der Vorurteile und Stereotypen, mit denen die Deutschen noch gut aus dem Dritten Reich vertraut waren. Grundiert vom militanten Anti-Kommunismus, der bekanntlich auch die Nazi-Ideologie stark angetrieben hatte, verstärkt durch die Wiederbewaffnung mit der sie begleitenden Aufnahme der BRD in die NATO, konsolidiert in der Zeit der Adenauer-Restauration in den 1950er Jahren, in der ein konservativ-elitäres Staatsdenken gegenüber radikaldemokratischen Bestrebungen klar dominieren und sich durchsetzen sollte, erwies die Aufarbeitung der NS-Vergangenheit sich als der größte und folgenreichste Rohrkrepierer in der Geschichte der noch jungen zweiten deutschen Republik. Erst mit den Frankfurter Auschwitz-Prozessen und stärker dann noch im Zusammenhang mit der Studentenrevolte Ende der 1960er Jahre sollte es zu neuen ernsthaften Bemühungen um gesellschaftliche Aufarbeitung kommen.
Adenauers Ankündigung einer Beendigung der NS-Aufarbeitung, die er bereits in seiner ersten Regierungserklärung 1949 (!) vor dem Bundestag gab, dürfte auch und gerade aus heutiger Sicht von deutlich wichtigerer Bedeutung für das Fortleben autoritär-rechtsextremer, völkischer und nationalsozialistischer Gesinnungen und Haltungen in Deutschland gewesen sein als der Einzug der AfD in den Bundestag 2017, einschließlich aller geschichtsvergessenen und in ihrer Wortwahl geschmacklosen Äußerungen ihrer Politiker seither.
Bemerkenswert sind die Worte, mit der Adenauer so früh der gesellschaftlichen Aufarbeitung der NS-Zeit eine klare Absage erteilte:
„Durch die Denazifizierung ist viel Unglück und viel Unheil angerichtet worden. (...) Im Übrigen dürfen wir nicht mehr zwei Klassen von Menschen in Deutschland unterscheiden, die politisch Einwandfreien und die politisch Nicht-Einwandfreien. Diese Unterscheidung muss baldigst verschwinden.“ (26)
Rasch wurden daraufhin die gesetzlichen Grundlagen geschaffen, um in den im Aufbau befindlichen bundesdeutschen Verwaltungsapparat über 50.000 NS-belastete Beamte wiedereinzugliedern, darunter auch viele, die zuvor dem Nazi-Unrechtsstaat als Mitglieder der Gestapo und der SS gedient hatten. Besonders im Bundesjustizministerium hatte ein Netzwerk aus Alt-Nazis unterhalb der ministeriellen Leitungsebene bis in die 1960er Jahre hinein das Sagen, mit großen, noch immer nicht vollständig aufgearbeiteten Auswirkungen auf die Gesetzgebung, durch die NS-Verbrecher in der BRD auf verschiedene Weisen vor Strafverfolgung geschützt wurden.
Den ideologischen Hintergrund bildet dafür der Konservatismus, dem Adenauer, die CDU/CSU und andere politisch einflussreichen Kräfte anhingen, genauer gesagt das Elitedenken, das für diesen Konservatismus konstitutiv ist. Es erklärt, dass die Regierung lieber auf die alte Elite, auch wenn sie in weiten Teilen nationalsozialistisch belastet war, zurückgriff als ein neues, demokratisch-selbstbewusstes Beamtentum zu begründen und eine aus den verschiedenen Facetten des Widerstandes sich rekrutierende Führungsschicht aufzubauen. Denn die geeigneten Personen für diese Führungsschicht hätte man weitgehend nicht im eigenen Lager, sondern im Lager der politischen Gegner, bei Sozialdemokraten, Sozialisten, Kommunisten und Linksliberalen finden können.
Fazit: Im Handumdrehen wurde der an das „Nie-Wieder!“– Versprechen an die zukünftigen Generationen geknüpfte, zumindest teilweise ernsthaft und aufrichtig angestrebte Neuanfang –verstanden als ein radikal zu vollziehender Bruch mit der faschistischen Vergangenheit – hintertrieben, entstellt, entkräftet und um seine Wirkung gebracht. Dabei spielte nicht zuletzt die schnell wieder angekurbelte Feindbildproduktion und Russophobie („alle Wege der Linken, Friedensfreunde, Anti-Militaristen und Neutralitätsbefürworter führen nach Moskau!“), eine wichtige Rolle.
Es ist daher kein Zufall, dass sie uns so verblüffend ähnlich auch heute wieder in Politik und Medien begegnet. Sie ist ein Herzstück der deutschen Nachkriegs-Lebenslüge namens „Vergangenheitsbewältigung“. Hier gilt einmal mehr der Satz, dass Untote bekanntlich länger leben.
Sie macht sich heute auch darin bemerkbar, dass die Tatsache, dass es sich bei dem Krieg gegen Russland nicht um einen Eroberungskrieg, sondern um einen Vernichtungsfeldzug gegen eine „minderwertige Rasse und Kultur“ handelte, im kollektiven Bewusstsein der Deutschen nicht verankert wurde. Sonst hätte der Hass auf die Russen und alles Russische gesellschaftlich nicht wieder hoffähig werden können.
DIE FRIEDENSTAUBE FLIEGT AUCH IN IHR POSTFACH!
Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt, vorerst für alle kostenfrei, wir starten gänzlich ohne Paywall. (Die Bezahlabos fangen erst zu laufen an, wenn ein Monetarisierungskonzept für die Inhalte steht). Sie wollen der Genossenschaft beitreten oder uns unterstützen? Mehr Infos hier oder am Ende des Textes.
Exkurs zum Niedergang der deutschen Sozialdemokratie
Im Ringen um den Weg, den die Bundesrepublik in den 1950er Jahren nehmen sollte, wurden damals Sozialdemokraten, die sich nicht bedingungslos der Bollwerks- und Frontstaaten-Ideologie des Kalten Kriegs unterwarfen, als „vaterlandslose Gesellen“ diffamiert. Die SPD tat sich immer schwer damit, der Demagogie der bürgerlichen Parteien etwas entgegenzusetzen, da Antikommunismus bei breiten Teilen der Bevölkerung, getreu der Devise „je primitiver, desto besser bzw. wirkungsvoller“, auch nach Hitler verfing.
Heute schlägt die Sozialdemokratische Partei die Aufrüstungs- und Kriegstrommel lieber selber kräftig mit und diffamiert die Angehörigen der Friedensbewegung und Verfechter einer Détente mit Russland als „Putin-Freunde“ und „Russlandversteher“ oder gar, ins absurd Metaphysische gesteigert als “gefallene Engel aus der Hölle“ (Olaf Scholz).
Mit dem Friedensnobelpreisträger und NS-Widerstandskämpfer Willy Brandt an der Spitze fuhr die SPD ihren größten Wahlerfolg ein – die von ihm geführte erhielt in der Bundestagswahl 1972 45,8 Prozent. Außenpolitisch überzeugte sie mit „Wandel durch Annäherung“ und „Wir wollen ein Volk guter Nachbar sein“. Nun ist sie beim Führungspersonal bei einem farblosen Apparatschik und Waffenlobbyisten (27) namens Lars Klingbeil und 16,4 % der Wählerstimmen angekommen. Zumindest die ebenso blasse und ideenlose Saskia Esken, die bei vielen einzig und allein für ihre Diffamierung von Demonstranten gegen das Corona-Unrecht („Covidioten“) in Erinnerung bleiben wird, zieht aus ihrer Unbeliebtheit nun die Konsequenz und tritt ab.
Indem die SPD, in Anbetracht der Friedensinitiativen Trumps die Chance verstreichen lässt, sich selbst in ihrer Politik gegenüber Russland zu korrigieren, um doch noch auf den Pfad der Diplomatie zurückzukehren und zu verhindern, dass auch noch der letzte Rest sozialdemokratischer Substanz über Bord geworfen wird, setzt Sozen-Konkursbeschleuniger Klingbeil zusammen mit BlackRock-Millionär Merz auf den Scholzschen Zeitenwende-Wahnsinn von 100 Milliarden für die Rüstung lieber noch weitere 500 Milliarden Euro drauf. Er und der den Kommiss-Ton perfekt beherrschende Pistorius, mit seinen Einlassungen zum „russischen Diktatfrieden“, der, wenn man ihn denn schon unbedingt so nennen will, ja nicht zuletzt auf das Konto der diplomatischen Untätigkeit der deutschen Regierung geht, besiegeln durch das von der Schuldenbremse befreite, in puncto Kostspieligkeit nach oben offene Aufrüstungs- und Militarisierungsprogramm, unter das in Wirklichkeit auch ein großer Teil der geplanten Infrastrukturmaßnahmen subsummiert werden wird (28), das Schicksal der ältesten Partei Deutschlands. Wissen diese SPD-Politiker wirklich nicht, was sie tun, wenn sie für die Profite der Rüstungswirtschaft alles verraten und auf lange Sicht verspielen, wofür diese Partei außen- und sozialpolitisch einmal stand und wofür sie gewählt wurde?
All das, was die SPD als Friedens- und Entspannungspartei einmal zur stärksten politischen Kraft gemacht hat, wird nun wie im Wahn von ihr verleugnet und mutwillig, geschichtsvergessen-revanchistisch zerstört. Und nicht nur das: Die SPD liefert den Rechten (nein, nicht der AfD, sondern den sonstigen Extremisten der Mitte!) den Grund, den neoliberal bereits entkernten Sozialstaat weiter – ab jetzt aber mit Bulldozern statt mit der Spitzhacke – zu zerstören. Sie nimmt dafür auch weitere, schwere Beschädigungen der Legitimität unserer ohnehin dahinsiechenden Demokratie in Kauf. Die Demokratie liegt nämlich seit Corona bei uns auf der Intensivstation und muss, u.a. durch regierungsfinanzierte „NGOs“ und staatlich organisierte Anti-AfD-Demonstrationen, künstlich beatmet werden!
Schließlich war die SPD zusammen mit der Merz-Union sogar bereit, einen kalten Putsch gegen die Integrität des Parlamentarismus und die elementaren Spielregeln der Demokratie durchzuführen. Mit diesem Putsch hat man im abgewählten 20. Bundestag noch schnell politisch äußerst weitreichende Grundgesetzänderungen durchgesetzt – und das gegen die neuen Mehrheiten des bereits gewählten 21. Bundestages! Die durch Bruch des Wahlversprechens ermöglichte Grundgesetzänderung, stellt einen besonders beschämenden Akt der Machtanmaßung, Wählerverhöhnung und Demokratiemissachtung dar. Und sie verfehlte ihre Wirkung nicht. Kurz darauf konnten die Demoskopen neue Rekordwerte für die AfD messen, die nun als stärkste Partei noch vor der CDU lag. Das Merz-Manöver dürfte im Übrigen dafür gesorgt haben, dass ihm nach der Wahl zum Bundeskanzler, die ja alles andere als glatt verlief, ein Makel anhängt, der so gravierend ist, dass er für den Rest seiner Amtszeit (hoffentlich) nicht mehr zu tilgen sein wird.
Das besonders Irre, das nicht nur den Fall der SPD beschreibt, ihr Versagen aber besonders plastisch hervorhebt, ist, dass es seit Beginn des Ukraine-Kriegs innerhalb der EU (mit Ausnahme Orbans) keine diplomatischen Initiativen gegeben hat, um mit Russland wieder ins Gespräch zu kommen. Im Rückblick wirken da selbst die Kalten Krieger vor und während der Ostpolitik von Willy Brandt wie Appeasement-Politiker.
Stattdessen war wiederholt eine Bundesaußenministerin zu vernehmen, die offenbar nur sehr eingeschränkt dazu imstande ist, ihre sprachliche Performanz dem hohen Amt angemessen zu kontrollieren. Sie wollte öffentlich „Russland ruinieren“ und erklärte dem Land ein anderes Mal, vor dem Europarat, beiläufig den Krieg. Dass Baerbock, die in ihrer Amtszeit in fast jedes diplomatische Fettnäpfchen getreten ist, jetzt zur zweithöchsten UN-Chef-Diplomatin gewählt wurde, ist Realsatire pur!
Polemik als geistiger Notwehrakt
Doch Halt! – Gerade merke ich, wie mich mein Hang zur Polemik fortzureißen beginnt!
Die Polemik ist ein hilfreiches (und noch nicht ganz verbotenes!) geistiges Notwehr-Mittel in Zeiten eines zunehmend aggressiv aufgeheizten gesellschaftlichen Klimas. Wie soll man nicht zum Polemiker und Satiriker angesichts des grassierenden Wahnsinns der Politik und ihrer vielen verrückt und absurd anmutenden Pathologien und Regressionen werden, hinter denen bei genauerem Hinsehen dann doch oft auch Kalkül vermutet werden muss? Wie sind sie anders als Vorgänge zu deuten, die zur Abwicklung der Demokratie führen sollen? Vorgänge, die durch eben jene Kräfte betrieben werden, die „unsere Demokratie“ inflationär lobpreisen und nicht müde werden, ihre „Werte“ in Sonntagsreden hervorzuheben. Gleichzeitig werden diese Werte aber durch Cancel Culture, Zensur und Denunziation massiv von ihnen angegriffen und von innen immer weiter ausgehöhlt.
Definitiv verhält es sich heute so, dass der Hang zur Polemik dem Umstand geschuldet wird, dass wir mittlerweile in schier unglaublichen Zeiten von Travestie-Ausgeburten leben. Diese machen es uns immer schwerer, nicht ganz die Bodenhaftung zu verlieren. All die wahnwitzigen Phänomenen, die wie wildgewordene Säue tagein tagaus durch das globale Dorf der Massenmedien in Echtzeit** getrieben werden, sie gefährden das Restvertrauen in den gesunden Menschenerstand und schränken die Möglichkeiten stark ein, einen halbwegs stabilen, geerdeten, vernunftgeleiteten Realitätsbezug aufrechtzuerhalten.
Und doch soll hier nicht ein weiteres Mal in dieser Façon mit der Regierungspolitik abgerechnet werden. Auf der Suche nach den tieferen Gründen für diese negativen Entwicklungen, soll stattdessen im zeithistorischen Material an einigen neuralgischen Stellen genauer nachgesehen und an der Oberfläche gekratzt werden, um die blinden Flecken bundesrepublikanischer Selbstwahrnehmung sichtbar zu machen.
Bernd Schoepe, Jahrgang 1965, Studium der Soziologie, Germanistik, Philosophie und Erziehungswissenschaften in Frankfurt/M. und Hamburg. Erstes und zweites Staatsexamen. Freier Autor, der zu bildungspolitischen, bildungssoziologischen- und bildungsphilosophischen Themen schreibt. Seit 2003 im Hamburger Schuldienst. Langjähriges GEW-Betriebsgruppen-Mitglied, ehem. Vertrauensmann, ehem. Mitglied der Hamburger Lehrerkammer. Hauptberuflich bin ich Politik- Deutsch- und Philosophielehrer an einer Hamburger Stadtteilschule. Kontakt: berndschoepe\@gmx.de
LASSEN SIE DER FRIEDENSTAUBE FLÜGEL WACHSEN!
In Kürze folgt eine Mail an alle Genossenschafter, danke für die Geduld!
Hier können Sie die Friedenstaube abonnieren und bekommen die Artikel zugesandt.
Schon jetzt können Sie uns unterstützen:
- Für 50 CHF/EURO bekommen Sie ein Jahresabo der Friedenstaube.
- Für 120 CHF/EURO bekommen Sie ein Jahresabo und ein T-Shirt/Hoodie mit der Friedenstaube.
- Für 500 CHF/EURO werden Sie Förderer und bekommen ein lebenslanges Abo sowie ein T-Shirt/Hoodie mit der Friedenstaube.
- Ab 1000 CHF werden Sie Genossenschafter der Friedenstaube mit Stimmrecht (und bekommen lebenslanges Abo, T-Shirt/Hoodie).
Für Einzahlungen in CHF (Betreff: Friedenstaube):
Für Einzahlungen in Euro:
Milosz Matuschek
IBAN DE 53710520500000814137
BYLADEM1TST
Sparkasse Traunstein-Trostberg
Betreff: Friedenstaube
Wenn Sie auf anderem Wege beitragen wollen, schreiben Sie die Friedenstaube an: friedenstaube@pareto.space
Sie sind noch nicht auf Nostr and wollen die volle Erfahrung machen (liken, kommentieren etc.)? Zappen können Sie den Autor auch ohne Nostr-Profil! Erstellen Sie sich einen Account auf Start. Weitere Onboarding-Leitfäden gibt es im Pareto-Wiki.
-
@ 2e8970de:63345c7a
2025-06-14 17:07:56
Iran raising a red flag in war times? That's a bit. Sabrina Carpenters "persona" - she's doing a bit. In the pope election the cardinals locking themselves in a conclave and the white smoke thing - it's a bit. Everything is only a bit.
Maybe I'm just old and interpret too much into youth slang but - that's actually a HUGE cultural shift if young people think of nothing as authentic anymore. What even is authentic?
https://stacker.news/items/1006348
-
@ b83a28b7:35919450
2025-06-14 16:38:22
This is the second installment in the series "The Net Appears" where I document my journey from being in a well-established and well-paying fiat job into the unknown world of independent work in freedom tech. Will I end up finding something truly inspiring and fulfilling, while being able to support my family? We'll find out over the course of the next few weeks.
So this happened a couple of days ago:
nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqqsd6khjdmgmme3xrnzj5xn5tfwer5pjchh20mcp4lfemurfsj3v4wgsjw0uj
Let's back up a bit, because in the first installment of this series, I was still in limbo.
If you’d told me three weeks ago that corporate martyrdom could be negotiated like a farmers-market cantaloupe, I’d have laughed you off the Microsoft Teams grid. Yet there I was, video-boxed opposite my Senior Vice Priest of PowerPoint, calmly re-petitioning for a graceful guillotine.
His verdict: the guillotine is for optics only, and apparently it clashes with the brand guidelines. Laying off The AI Guy would look like we’d just unplugged the future for spare parts. Impossible. But the man did extend an olive branch the size of a bonsai: “Resign, and we’ll cash out your vacation - thirty glorious days of fiat.”
Not the three-month severance I’d fantasized about, but enough to buy time, dignity, and a respectable stack of Claude API credits. I signed before he could replace goodwill with an NDA.
And then I chose July 4 as my last day. Cue bald eagles, Sousa marches, and a slow-motion shot of me frisbee-flinging my employee badge into an erupting grill. Independence from fiat, by literal fireworks.
Space Rush
The moment rumors of my exit hit Teams, meeting invites vanished like socks in a hotel dryer. I’ve used the liberated hours to launch A Muse Stochastic, my audio-visual fever dream where generative melodies court glitch-poetry and occasionally elope with Gemini Veo video frames. The first episode is live, pulsing somewhere between synaptic Vivaldi and quantum origami. So far it has six listeners and one confused Australian-shepherd (my most honest critic).
nostr:nevent1qvzqqqqqqypzpwp69zm7fewjp0vkp306adnzt7249ytxhz7mq3w5yc629u6er9zsqy88wumn8ghj7mn0wvhxcmmv9uq3zamnwvaz7tmwdaehgu3wwa5kuef0qqsvhtdltg2k3guhmshgmgt3nc9ejy0ct96t7udm04r5mupplcmdtesppmn7x
Meanwhile the playwright in me, neglected for months beneath sprint plannings and quarterly road-maps, finally crawled into the light. “Waiting for Satoshi,” first conceived on a warm Prague evening exactly one year ago ( nostr:nprofile1qy0hwumn8ghj7en0deehgu3dw3jhxapwdah8yetwv3jhytnrdakj7qgcwaehxw309a5hxmrpdejzumn0wd68yvfwvdhk6tcqyzaz7w2gxdjcga0fz6qt3x8ehc83mpgpvmr2swwmuzzdqfn26m3q54mhg79 can attest to this), now wears its final coat of dialogue. Tomorrow it debuts on GitHub - Creative Commons, open-source, fork-and-prosper - perhaps the inaugural play to invite pull requests for stage directions. If anyone wishes to add a tap-dancing Lightning node, be my guest.
Prague on the Horizon
Next week I return to BTC Prague, where ghosts of last year’s epiphany still linger near the pastry stand. This time I’m lugging camera gear, not corporate slide decks. Episode Two of Finding Home will be filmed there, featuring a wanderer whose bitcoined life map reads like Odysseus riding a Lightning invoice.
Perhaps my only conference of the year, I'm looking forward to catching up with friends old and new, and catch a whiff of that infectious bitcoin hopium.
Micro-lessons from Week Three
-
Severance is a mindset. One month of paid vacation feels oddly richer than three months shackled to uncertainty.
-
Symbolism scales. Pick an Independence Day, any Independence Day, and watch the universe queue fireworks.
-
Creative backlogs age like fine kimchi. Leave an idea in brine for a year and it returns with extra tang.
-
Open source = open veins. Releasing art into the commons is terrifying until you remember blood circulates best when it moves.
-
Microsoft Teams silence is golden (parachute). Each canceled stand-up funds roughly eight bars of experimental synth.
Gazing Forward
I still don’t know how mortgage, car payments, and teenage-soccer-tour fees will reconcile with my bank balance come August. Yet the dread that once clung to my ribcage has dissolved, replaced by a jittery anticipation - like the hush before a stadium crowd erupts. Every unknown now feels less like a void and more like a blank slide awaiting wild, irreverent doodles.
Next dispatch will likely come with reflections from Prague. The last two years, I was moved to unexpected tears on the final day, marveling at the sheer profundity of the human experience of the week past. Surely, that can't repeat for a third year in a row?
Until then, may your own nets appear exactly when logic insists they can’t - and may they be woven from liberated vacation days and the audible crackle of celebratory fireworks.
-
-
@ 6c05c73e:c4356f17
2025-06-14 16:31:49
Isa Energia Brasil
Descrição da Empresa
A Isa Energia Brasil é uma das principais empresas do setor de transmissão de energia elétrica do Brasil. Anteriormente conhecida como ISA CTEEP (Companhia de Transmissão de Energia Elétrica Paulista), a companhia passou por um processo de rebranding em novembro de 2023 para refletir sua atuação em escala nacional, que se estende por 18 estados brasileiros.
- Papel no setor: Desempenha um papel crucial na infraestrutura energética do país, sendo responsável por transmitir aproximadamente 33% de toda a energia elétrica produzida no território nacional e 94% no estado de São Paulo.
- Controladora: A companhia é controlada pelo grupo colombiano ISA (Interconexión Eléctrica S.A.), um dos maiores conglomerados de transmissão de energia da América Latina, que detém uma participação majoritária em seu capital social.
- Vantagens: Essa conexão confere à Isa Energia Brasil um sólido respaldo técnico e financeiro, além de sinergias operacionais e de governança.
Visão Geral da Empresa
A Isa Energia Brasil (ISAE4) é uma das maiores e mais importantes empresas de transmissão de energia elétrica do Brasil. Em termos simples, seu principal negócio é "transportar" a energia em alta tensão das usinas geradoras até as redes de distribuição que a levam para cidades e indústrias.
- Analogia: Pense nela como a gestora das grandes "rodovias" da eletricidade do país.
Mercado que Atua
O mercado de atuação da Isa Energia Brasil (ISAE4) é o setor de transmissão de energia elétrica, um segmento estratégico, altamente regulado e com características muito particulares dentro da cadeia de energia do Brasil. Para entender o mercado da empresa, é preciso conhecer 4 pilares principais:
1. O Modelo de Concessões Públicas
- Funcionamento: A Isa Energia Brasil não opera em um mercado aberto e tradicional. Sua atuação é baseada em concessões de longo prazo (geralmente 30 anos), adquiridas por meio de leilões públicos organizados pelo Governo Federal, através da ANEEL (Agência Nacional de Energia Elétrica).
- Como funciona: Nos leilões, o governo define os projetos (novas linhas de transmissão e subestações a serem construídas). Vence a empresa que se propõe a construir e operar a infraestrutura pelo menor valor de receita anual.
- Barreiras de entrada: Este modelo cria altíssimas barreiras para novos concorrentes, pois exige enorme capacidade de investimento (capital intensivo), conhecimento técnico especializado e habilidade para vencer disputas acirradas nos leilões.
2. A Previsibilidade da Receita (RAP)
- Receita Anual Permitida (RAP): É a remuneração que a empresa tem direito a receber por disponibilizar suas linhas de transmissão em perfeitas condições de operação. O valor da RAP é definido no leilão e reajustado anualmente por um índice de inflação (geralmente o IPCA), o que protege a receita da desvalorização da moeda.
- Baixo risco: Como a receita é fixa e garantida por contrato, o risco operacional é muito baixo. A empresa recebe o valor integral desde que suas linhas e subestações estejam funcionando. Se houver falhas, ela pode ser penalizada com um desconto na receita, por isso a eficiência na operação e manutenção é fundamental.
3. Posicionamento Estratégico e Geográfico
- Dominância: É responsável por transportar aproximadamente 33% de toda a energia elétrica produzida no Brasil e impressionantes 94% da energia consumida no estado de São Paulo, o maior centro de carga do país.
- Capilaridade nacional: Embora sua origem seja paulista (antiga CTEEP), a empresa expandiu sua atuação e hoje possui ativos em 18 estados brasileiros, o que a posiciona como um player de relevância nacional.
- Principais concorrentes: Seus principais competidores no setor de transmissão são outras grandes empresas como a Eletrobras, TAESA e Alupar, que também disputam ativamente os leilões da ANEEL.
4. Vetores de Crescimento e Perspectivas
- Transição energética: O Brasil está aumentando massivamente sua capacidade de geração de energia renovável, especialmente eólica e solar. A maioria dessas novas usinas está localizada no Nordeste e no norte de Minas Gerais, longe dos grandes centros consumidores (Sudeste). Isso cria uma necessidade urgente de construir novas "autoestradas" de energia para escoar essa produção, garantindo uma demanda contínua por novos projetos de transmissão.
- Crescimento da demanda: O crescimento econômico e populacional do país, além da eletrificação da economia (ex.: carros elétricos), aumenta a necessidade geral de energia, exigindo uma rede de transmissão cada vez mais robusta e confiável.
Oportunidades que o Ativo Traz
As principais oportunidades que a empresa traz são:
- Alta previsibilidade de receita devido à Receita Anual Permitida (RAP).
- Expansão em investimentos de infraestrutura.
- Contratos de concessão renovados e com longa duração.
Isso tudo torna a empresa uma excelente pagadora de dividendos e JCP. No último anúncio da empresa, foram destinados R$2,36 por ação de juros sobre capital próprio, o que a torna um excelente ativo para o longo prazo.
Riscos
Por ser uma empresa que atua no setor de energia elétrica, ela assume alguns riscos que precisam ser monitorados de perto, tais como:
- Natureza (escassez de chuvas): Pode prejudicar a geração de energia e, como consequência, reduzir a transmissão de energia elétrica. Consulte aqui.
- Riscos regulatórios e governamentais (o principal): A empresa opera em um setor regulado pela ANEEL e sob concessões do governo.
- Financeiro: Para financiar seus projetos, a empresa precisa se endividar via debêntures, que são atreladas à Selic. Qualquer variação altera o financeiro da empresa.
- Dividendos: Pode ser uma faca de dois gumes, pois está previsto pagamentos muito maiores no futuro, o que pode retardar o crescimento da empresa devido ao pagamento excessivo.
- Risco operacional: Tudo que envolve intervenção humana pode ter falhas, mesmo que a empresa opere com alta eficiência hoje. Alguém pode “dormir no ponto”.
Tabela de Endividamento
A dívida bruta da companhia atingiu R$ 14.952,1 milhões no 1T25, aumento de R$ 1.678,3 milhões (+12,6%) em relação ao saldo final do 4T24. O aumento se deve, principalmente, à:
- 18ª emissão de debêntures no montante de R$ 1.400,0 milhões em março de 2025.
- 4º desembolso do BNDES em janeiro de 2025 com valor de R$ 82,1 milhões.
A companhia concluiu a 18ª emissão de debêntures no 1T25, levantando R$ 1.400,0 milhões em 2 séries: - Primeira série: R$ 500,0 milhões com custo de IPCA + 7,41% e vencimento em setembro de 2033. - Segunda série: R$ 900,0 milhões com custo de IPCA + 7,41% e vencimento em junho de 2033.
Catalisadores
Os pontos-chave que considero ao investir na empresa são:
- Parceria com a Taesa ampliada. Matéria aqui.
- Alta previsibilidade de receita devido à Receita Anual Permitida (RAP).
- Nova rodada de emissão de debêntures para ampliação de investimentos.
- Previsão de queda da Selic para 12,5% em 2026, o que tornaria “os débitos da empresa mais baratos”.
- Alta perspectiva de aumento no pagamento de dividendos e JCP ao longo dos próximos anos.
cotacao da isase4 lucro liquido isae4
FAQ
A ação ISAE4 é uma boa ação para investir?
Cada um deve fazer sua análise, mas acreditamos que é uma empresa sólida e com bons fundamentos.
Qual é o preço justo da ação ISAE4?
Não há uma base sólida para calcular o preço justo. Na nossa ótica, o ativo está subvalorizado.
Qual o DY da ISAE4?
Dividendo de 10,2% anunciado em 2021.
Como declarar o ISAE4?
A declaração do ISAE4 é dividida em três partes principais:
- Declaração da Posse das Ações (o que você tinha em carteira).
- Declaração dos Rendimentos Isentos (Dividendos).
- Declaração dos Rendimentos de Tributação Exclusiva (Juros Sobre Capital Próprio - JCP).
O documento mais importante para este processo é o Informe de Rendimentos, fornecido pelo banco escriturador das ações.
- Empresa: ISA ENERGIA BRASIL S.A.
- CNPJ: 02.998.611/0001-04
- Banco Escriturador: Itaú Corretora de Valores S.A.
- Como obter o informe: Acesse o Portal de Correspondências Digitais do Itaú para obter seu informe oficial. Ele contém todos os valores separados e prontos para a declaração.
Bio
Investir não precisa ser um bicho de sete cabeças! Na Threedolar, democratizamos o acesso ao mundo dos investimentos, oferecendo conteúdo claro e prático. Comece hoje mesmo a construir seu futuro financeiro!
Disclaimer
Lembre-se: este não é um conselho de investimento. Faça sua própria pesquisa antes de investir. Resultados passados não garantem lucros futuros. Cuide do seu dinheiro!
Referências
-
@ f0fd6902:a2fbaaab
2025-06-14 14:27:06
https://stacker.news/items/1006238
-
@ f683e870:557f5ef2
2025-06-11 13:33:34
This is what has been achieved on a per-project basis since receiving the grant from Opensats.
npub.world
Together with nostr:npub1wf4pufsucer5va8g9p0rj5dnhvfeh6d8w0g6eayaep5dhps6rsgs43dgh9, I have been refining npub.world to deliver real-time, WoT-powered profile search. These refinements include:
-
implementing new desings by nostr:npub1t3gd5yefglarhar4n6uh34uymvft4tgu8edk5465zzhtv4rrnd9sg7upxq
-
moving to the new Vertex DVM standard
-
improved URL and npub parsing
Vertex crawler
Due to the architectural mistakes I made when designing the first version, I have embarked on a full rewrite of the crawler. The new architecture is simpler, more modular and more performant, and I am confident that it will provide a stable foundation on which to expand the Vertex offering with additional functionalities and analytics.
The major differences with the old version are:
-
the
DBandRWSinterfaces have been broken up and simplified into smaller ones, each defined by their own packages -
a simplified, more efficient algorithm for updating random walks
-
use of a custom-built cache to speed up graph computations
-
a worker pool pattern to speed up event archiving
These changes have reduced the LOC by more than half while improving performance by \~10x. Of independent interest is the new pipe package, which can also be used by other projects to crawl the Nostr network.
Vertex Relay and DVMs
The Vertex relay has been updated several times, and now supports four DVM services:
-
Verify Reputation -
Recommend Follows -
Rank Profiles -
Search Profile
For each service, customers can choose the algorithm to use by specifing the sort option to use between:
-
followerCount -
globalPagerank -
personalizedPagerank
More information can be found at https://vertexlab.io/.
Overall, the relay has processed more than 100,000 DVM requests, with the current daily rate standing at around 1,500.
rely
Unsatisfied with the khatru relay framework, I've decided to build my own called rely, with the goal of being simpler and more stable. I've not just scratched a personal hitch: I've used khatru for several months now (the Vertex relay is still using it) and I encountered several issues, some of which I've solved with PRs to the underlying go-nostr library.
The main differences between khatru and rely:
-
rely is much simpler, both architecturally and in terms of LOC (less than half)
-
rely has a solid testing approach, where a random yet reproducible high traffic hits the relay to see what breaks
-
rely implements a worker pool pattern where a configurable number of goroutines process the incoming requests from clients. On the other hand, khatru process them in the HandleWebsocket goroutine, which is spawned every time a client connects. This is dangerous in my opinion because if too many clients connect, memory usage would spike and the relay could potentially crash.
New DVM spec
I helped to draft this new proposal to update the DVM spec, which is one of the most controversial NIPs. While almost everyone agrees that it needs to change, there is no consensus on how to move forward. I believe our proposal is a sensible approach that defines discovery, usage, and error patterns while leaving flexibility for specific DVM kinds.
Looking at the future
Next I am going to move the Vertex relay to the rely framework and to the new crawler package. I expect that this will increase the performance and will make things more solid and more simple. After all of this refactoring and simplification, it will be time to finally add features to the Vertex offering. I have an ambitious roadmap consisting of:
-
accepting ecash for DVM requests
-
designing client-side validation schemes for the DVM responses
-
expanding the pagerank algorithm to make use of mutes and reports
-
adding an WoT impersonator check to npub.world
-
adding a nip05 check to npub.world
-
make a relystore package with some plug&play databases for rely.
-
-
@ 97c70a44:ad98e322
2025-06-09 18:23:27
When developing on nostr, normally it's enough to read the NIP related to a given feature you want to build to know what has to be done. But there are some aspects of nostr development that aren't so straightforward because they depend less on specific data formats than on how different concepts are combined.
An example of this is how for a while it was considered best practice to re-publish notes when replying to them. This practice emerged before the outbox model gained traction, and was a hacky way of attempting to ensure relays had the full context required for a given note. Over time though, pubkey hints emerged as a better way to ensure other clients could find required context.
Another one of these things is "relay-based groups", or as I prefer to call it "relays-as-groups" (RAG). Such a thing doesn't really exist - there's no spec for it (although some aspects of the concept are included in NIP 29), but at the same time there are two concrete implementations (Flotilla and Chachi) which leverage several different NIPs in order to create a cohesive system for groups on nostr.
This composability is one of the neat qualities of nostr. Not only would it be unhelpful to specify how different parts of the protocol should work together, it would be impossible because of the number of possible combinations possible just from applying a little bit of common sense to the NIPs repo. No one said it was ok to put
ttags on akind 0. But no one's stopping you! And the semantics are basically self-evident if you understand its component parts.So, instead of writing a NIP that sets relay-based groups in stone, I'm writing this guide in order to document how I've combined different parts of the nostr protocol to create a compelling architecture for groups.
Relays
Relays already have a canonical identity, which is the relay's url. Events posted to a relay can be thought of as "posted to that group". This means that every relay is already a group. All nostr notes have already been posted to one or more groups.
One common objection to this structure is that identifying a group with a relay means that groups are dependent on the relay to continue hosting the group. In normal broadcast nostr (which forms organic permissionless groups based on user-centric social clustering), this is a very bad thing, because hosts are orthogonal to group identity. Communities are completely different. Communities actually need someone to enforce community boundaries, implement moderation, etc. Reliance on a host is a feature, not a bug (in contrast to NIP 29 groups, which tend to co-locate many groups on a single host, relays-as-groups tends to encourage one group, one host).
This doesn't mean that federation, mirrors, and migration can't be accomplished. In a sense, leaving this on the social layer is a good thing, because it adds friction to the dissolution/forking of a group. But the door is wide open to protocol additions to support those use cases for relay-based groups. One possible approach would be to follow this draft PR which specifies a "federation" event relays could publish on their own behalf.
Relay keys
This draft PR to NIP 11 specifies a
selffield which represents the relay's identity. Using this, relays can publish events on their own behalf. Currently, thepubkeyfield sort of does the same thing, but is overloaded as a contact field for the owner of the relay.AUTH
Relays can control access using NIP 42 AUTH. There are any number of modes a relay can operate in:
- No auth, fully public - anyone can read/write to the group.
- Relays may enforce broad or granular access controls with AUTH.
Relays may deny EVENTs or REQs depending on user identity. Messages returned in AUTH, CLOSED, or OK messages should be human readable. It's crucial that clients show these error messages to users. Here's how Flotilla handles failed AUTH and denied event publishing:
LIMITS, PROBE, or some other reflection scheme could also be used in theory to help clients adapt their interface depending on user abilities and relay policy.
- AUTH with implicit access controls.
In this mode, relays may exclude matching events from REQs if the user does not have permission to view them. This can be useful for multi-use relays that host hidden rooms. This mode should be used with caution, because it can result in confusion for the end user.
See Frith for a relay implementation that supports some of these auth policies.
Invite codes
If a user doesn't have access to a relay, they can request access using this draft NIP. This is true whether access has been explicitly or implicitly denied (although users will have to know that they should use an invite code to request access).
The above referenced NIP also contains a mechanism for users to request an invite code that they can share with other users.
The policy for these invite codes is entirely up to the relay. They may be single-use, multi-use, or require additional verification. Additional requirements can be communicated to the user in the OK message, for example directions to visit an external URL to register.
See Frith for a relay implementation that supports invite codes.
Content
Any kind of event can be published to a relay being treated as a group, unless rejected by the relay implementation. In particular, NIP 7D was added to support basic threads, and NIP C7 for chat messages.
Since which relay an event came from determines which group it was posted to, clients need to have a mechanism for keeping track of which relay they received an event from, and should not broadcast events to other relays (unless intending to cross-post the content).
Rooms
Rooms follow NIP 29. I wish NIP 29 wasn't called "relay based groups", which is very confusing when talking about "relays as groups". It's much better to think of them as sub-groups, or as Flotilla calls them, "rooms".
EDIT: Flotilla has migrated to exclusively use "managed rooms" — i.e., fully NIP 29 compliant rooms. Relays without NIP 29 support can still support chat, but all messages will be presented as sent to a single room. I've removed references to unmanaged rooms in what follows.
~~Rooms have two modes - managed and unmanaged. Managed~~ rooms follow all the rules laid out in NIP 29 about metadata published by the relay and user membership. In either case, rooms are represented by a random room id, and are posted to by including the id in an event's
htag. ~~This allows rooms to switch between managed and unmanaged modes without losing any content.~~Managed room names come from
kind 39000room meta events, ~~but unmanaged rooms don't have these. Instead, room names should come from members' NIP 51kind 10009membership lists. Tags on these lists should look like this:["group", "groupid", "wss://group.example.com", "Cat lovers"]. If no name can be found for the room (i.e., there aren't any members), the room should be ignored by clients.~~Rooms present a difficulty for publishing to the relay as a whole, since content with an
htag can't be excluded from requests. ~~Currently, relay-wide posts are h-tagged with_which works for "group" clients, but not more generally. I'm not sure how to solve this other than to ask relays to support negative filters.~~ I have ideas on how to solve this in future iterations of relay-based groups, for example using virtual relays or just a better rooms spec.Cross-posting
The simplest way to cross-post content from one group (or room) to another, is to quote the original note in whatever event kind is appropriate. For example, a blog post might be quoted in a
kind 9to be cross-posted to chat, or in akind 11to be cross-posted to a thread.kind 16reposts can be used the same way if the reader's client renders reposts.Posting the original event to multiple relays-as-groups is trivial, since all you have to do is send the event to the relay. Posting to multiple rooms simultaneously by appending multiple
htags is however not recommended, since group relays/clients are incentivised to protect themselves from spam by rejecting events with multiplehtags (similar to how events with multiplettags are sometimes rejected).Privacy
Currently, it's recommended to include a NIP 70
-tag on content posted to relays-as-groups to discourage replication of relay-specific content across the network.Another slightly stronger approach would be for group relays to strip signatures in order to make events invalid (or at least deniable). For this approach to work, users would have to be able to signal that they trust relays to be honest. We could also use ZkSNARKS to validate signatures in bulk.
In any case, group posts should not be considered "private" in the same way E2EE groups might be. Relays-as-groups should be considered a good fit for low-stakes groups with many members (since trust deteriorates quickly as more people get involved).
Membership
There is currently no canonical member list published by relays (except for NIP 29 managed rooms). Instead, users keep track of their own relay and room memberships using
kind 10009lists. Relay-level memberships are represented by anrtag containing the relay url, and room-level memberships are represented using agrouptag.Users can choose to advertise their membership in a RAG by using unencrypted tags, or they may keep their membership private by using encrypted tags. Advertised memberships are useful for helping people find groups based on their social graph:
User memberships should not be trusted, since they can be published unilaterally by anyone, regardless of actual access, so it's better to think of them as "bookmarked groups" or "favorites". Possible improvements in this area would be the ability to provide proof of access:
- Relays could publish member lists (although this would sacrifice member privacy)
- Relays could support a new command that allows querying a particular member's access status
- Relays could provide a proof to the member that they could then choose to publish or not
Moderation
There are two parts to moderation: reporting and taking action based on these reports.
Reporting is already covered by NIP 56. Clients should be careful about encouraging users to post reports for illegal content under their own identity, since that can itself be illegal. Relays also should not serve reports to users, since that can be used to find rather than address objectionable content.
Reports are only one mechanism for flagging objectionable content. Relay operators and administrators can use whatever heuristics they like to identify and address objectionable content. This might be via automated policies that auto-ban based on reports from high-reputation people, a client that implements NIP 86 relay management API, or by some other admin interface.
There's currently no way for moderators of a given relay to be advertised, or for a moderator's client to know that the user is a moderator (so that they can enable UI elements for in-app moderation). This could be addressed via NIP 11, LIMITS, or some other mechanism in the future.
General best practices
In general, it's very important when developing a client to assume that the relay has no special support for any of the above features, instead treating all of this stuff as progressive enhancement.
For example, if a user enters an invite code, go ahead and send it to the relay using a
kind 28934event. If it's rejected, you know that it didn't work. But if it's accepted, you don't know that it worked - you only know that the relay allowed the user to publish that event. This is helpful, becaues it may imply that the user does indeed have access to the relay. But additional probing may be needed, and reliance on error messages down the road when something else fails unexpectedly is indispensable.This paradigm may drive some engineers nuts, because it's basically equivalent to coding your clients to reverse-engineer relay support for every feature you want to use. But this is true of nostr as a whole - anyone can put whatever weird stuff in an event and sign it. Clients have to be extremely compliant with Postell's law - doing their absolute best to accept whatever weird data or behavior shows up and handle failure in any situation. Sure, it's annoying, but it's the cost of permissionless development. What it gets us is a completely open-ended protocol, in which anything can be built, and in which every solution is tested by the market.
-
@ 97c70a44:ad98e322
2025-06-06 20:48:33
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.
-
@ 32e18276:5c68e245
2025-06-03 14:45:17
6 years ago I created some tools for working with peter todd's opentimestamps proof format. You can do some fun things like create plaintext and mini ots proofs. This short post is just a demo of what these tools do and how to use them.
What is OTS?
OpenTimestamps is a protocol for stamping information into bitcoin in a minimal way. It uses OP_RETURN outputs so that it has minimal impact on chain, and potentially millions of documents are stamped all at once with a merkle tree construction.
Examples
Here's the proof of the
ots.csource file getting stamped into the ots calendar merkle tree. We're simply printing the ots proof file here withotsprint:``` $ ./otsprint ots.c.ots
version 1 file_hash sha256 f76f0795ff37a24e566cd77d1996b64fab9c871a5928ab9389dfc3a128ec8296 append 2e9943d3833768bdb9a591f1d2735804 sha256 | --> append 2d82e7414811ecbf | sha256 | append a69d4f93e3e0f6c9b8321ce2cdd90decd34d260ea3f8b55e83d157ad398b7843 | sha256 | append ac0b5896401478eb6d88a408ec08b33fd303b574fb09b503f1ac1255b432d304 | sha256 | append 8aa9fd0245664c23d31d344243b4e8b0 | sha256 | prepend 414db5a1cd3a3e6668bf2dca9007e7c0fc5aa6dc71a2eab3afb51425c3acc472 | sha256 | append 5355b15d88d4dece45cddb7913f2c83d41e641e8c1d939dac4323671a4f8e197 | sha256 | append a2babd907ca513ab561ce3860e64a26b7df5de117f1f230bc8f1a248836f0c25 | sha256 | prepend 683f072f | append 2a4cdf9e9e04f2fd | attestation calendar https://alice.btc.calendar.opentimestamps.org | --> append 7c8764fcaba5ed5d | sha256 | prepend f7e1ada392247d3f3116a97d73fcf4c0994b5c22fff824736db46cd577b97151 | sha256 | append 3c43ac41e0281f1dbcd7e713eb1ffaec48c5e05af404bca2166cdc51966a921c | sha256 | append 07b18bd7f4a5dc72326416aa3c8628ca80c8d95d7b1a82202b90bc824974da13 | sha256 | append b4d641ab029e7d900e92261c2342c9c9 | sha256 | append 4968b89b02b534f33dc26882862d25cca8f0fa76be5b9d3a3b5e2d77690e022b | sha256 | append 48c54e30b3a9ec0e6339b88ed9d04b9b1065838596a4ec778cbfc0dfc0f8c781 | sha256 | prepend 683f072f | append 8b2b4beda36c18dc | attestation calendar https://bob.btc.calendar.opentimestamps.org | --> append baa878b42ef3e0d45b324cc3a39a247a | sha256 | prepend 4fb1bc663cd641ad18e5c73fb618de1ae3d28fb5c3c224b7f9888fd52feb09ec | sha256 | append 731329278830c9725497d70e9f5a02e4b2d9c73ff73560beb3a896a2f180fdbf | sha256 | append 689024a9d57ad5daad669f001316dd0fc690ac4520410f97a349b05a3f5d69cb | sha256 | append 69d42dcb650bb2a690f850c3f6e14e46c2b0831361bac9ec454818264b9102fd | sha256 | prepend 683f072f | append bab471ba32acd9c3 | attestation calendar https://btc.calendar.catallaxy.com append c3ccce274e2f9edfa354ec105cb1a749 sha256 append 6297b54e3ce4ba71ecb06bd5632fd8cbd50fe6427b6bfc53a0e462348cc48bab sha256 append c28f03545a2948bd0d8102c887241aff5d4f6cf1e0b16dfd8787bf45ca2ab93d sha256 prepend 683f072f append 7f3259e285891c8e attestation calendar https://finney.calendar.eternitywall.com ```
The tool can create a minimal version of the proofs:
``` $ ./otsmini ots.c.ots | ./otsmini -d | ./otsprint
version 1 file_hash sha256 f76f0795ff37a24e566cd77d1996b64fab9c871a5928ab9389dfc3a128ec8296 append 2e9943d3833768bdb9a591f1d2735804 sha256 append c3ccce274e2f9edfa354ec105cb1a749 sha256 append 6297b54e3ce4ba71ecb06bd5632fd8cbd50fe6427b6bfc53a0e462348cc48bab sha256 append c28f03545a2948bd0d8102c887241aff5d4f6cf1e0b16dfd8787bf45ca2ab93d sha256 prepend 683f072f append 7f3259e285891c8e attestation calendar https://finney.calendar.eternitywall.com ```
which can be shared on social media as a string:
5s1L3tTWoTfUDhB1MPLXE1rnajwUdUnt8pfjZfY1UWVWpWu5YhW3PGCWWoXwWBRJ16B8182kQgxnKyiJtGQgRoFNbDfBss19seDnco5sF9WrBt8jQW7BVVmTB5mmAPa8ryb5929w4xEm1aE7S3SGMFr9rUgkNNzhMg4VK6vZmNqDGYvvZxBtwDMs2PRJk7y6wL6aJmq6yoaWPvuxaik4qMp76ApXEufP6RnWdapqGGsKy7TNE6ZzWWz2VXbaEXGwgjrxqF8bMstZMdGo2VzpVuEyou can even do things like gpg-style plaintext proofs:
``` $ ./otsclear -e CONTRIBUTING.ots -----BEGIN OPENTIMESTAMPS MESSAGE-----
Email patches to William Casarin jb55@jb55.com
-----BEGIN OPENTIMESTAMPS PROOF-----
AE9wZW5UaW1lc3RhbXBzAABQcm9vZgC/ieLohOiSlAEILXj4GSagG6fRNnR+CHj9e/+Mdkp0w1us gV/5dmlX2NrwEDlcBMmQ723mI9sY9ALUlXoI//AQRXlCd716J60FudR+C78fkAjwIDnONJrj1udi NDxQQ8UJiS4ZWfprUxbvaIoBs4G+4u6kCPEEaD8Ft/AIeS/skaOtQRoAg9/jDS75DI4pKGh0dHBz Oi8vZmlubmV5LmNhbGVuZGFyLmV0ZXJuaXR5d2FsbC5jb23/8AhMLZVzYZMYqwjwEPKWanBNPZVm kqsAYV3LBbkI8CCfIVveDh/S8ykOH1NC6BKTerHoPojvj1OmjB2LYvdUbgjxBGg/BbbwCGoo3fi1 A7rjAIPf4w0u+QyOLi1odHRwczovL2FsaWNlLmJ0Yy5jYWxlbmRhci5vcGVudGltZXN0YW1wcy5v cmf/8Aik+VP+n3FhCwjwELfTdHAfYQNa49I3CYycFbkI8QRoPwW28AgCLn93967lIQCD3+MNLvkM jiwraHR0cHM6Ly9ib2IuYnRjLmNhbGVuZGFyLm9wZW50aW1lc3RhbXBzLm9yZ/AQ3bEwg7mjQyKR PykGgiJewAjwID5Q68dY4m+XogwTJx72ecQEe5lheCO1RnlcJSTFokyRCPEEaD8Ft/AIw1WWPe++ 8N4Ag9/jDS75DI4jImh0dHBzOi8vYnRjLmNhbGVuZGFyLmNhdGFsbGF4eS5jb20= -----END OPENTIMESTAMPS PROOF-----
$ ./otsclear -v <<<proof_string... # verify the proof string ```
I've never really shared these tools before, I just remembered about it today. Enjoy!
Try it out: https://github.com/jb55/ots-tools
-
@ c5896abe:43c99afb
2025-06-14 13:44:45
写人的文字最难写，特别是在突然失去之后。
然而，人类始终有两种无法治愈的疾病：死亡与遗忘。于是，人类创造了文字。这种得以超越死亡的思想工具，从书写、雕版印刷、打字机和电传打字机，一路发展到今天的数字化半自动打字机——语言模型——写字，这样看似简单的行为，却变得日渐艰涩，尤其是在经历了 The Big Blockade 那三年后。
这并不是说，我也像很多人那样遭遇了 Long-COVID。只是，在父亲去世等一系列事情之后，我才真正明白：写人的文字最难写，特别是在突然失去之后。当你突然发现，自己最熟悉的人，在不知不觉中变成了生命中的一块空白，那个曾经激扬文字、粪土万户侯的少年，便也永远离开了。于是，我应邀前往了自己的瓦尔登湖——工作、读书，几乎停止了所有的社交媒体交流。直到今年早些时候，子龙对我说了一句：“公众号停了太可惜了”。我这才想到，要不要讲述一些人的故事，当然，不仅仅是那些已经逝去的。只是在这个繁华时代，那个小念头就被我暂时搁置，忙着“寻桥”去了。直到这个六一，中国摩托车商会的微信公众号，推送了常务副会长李彬逝世的消息。
我与李会长交流不多，只知道他一直在努力推动各个城市解除对摩托车的地方性禁限规定，看起来就像推石头的西西弗斯。近几年我的工作与他有几分相似。在理解了“人生就是不断的妥协”这样看似借口的冰冷现实之后，秉持着“上帝和凯撒要分清”的信条，我偶尔的富余精力，也投在了国际互联网上的几个中文平台上。直到昨天晚上，编辑某些内容时，心头突然一动，顺手搜索，才发现了 Bernt Spiegel 教授的线上讣告。想来，老师也是在那段时间，突然发来一封电邮联络，却又没说什么具体内容。于是，我决定开始写下一些文字。
教授的一生，大概可以用“人、市场和机器”来概括。身为市场心理学创始人、摩托车专家和小说家，他创建了 Fachinstitut für Werbewissenschaftliche Untersuchungen，并在哥廷根大学执教。著名的利基市场理论，正是他在20世纪60年代初提出的。这一理论最成功的案例，就是帮助了濒临破产的 BMW 起死回生，并重新快速增长。从1981年到2000年，他一直担任 MOTORRAD 杂志“完美培训课程”的高级讲师，特别活跃在纽伯格林赛道——直至72岁高龄，他仍能驾驶 Honda CBR 900 RR，在北环赛道跑进9分钟之内。从13岁——那是1939年——他瞒着父母买了第一辆摩托车开始，18岁就考取了飞行执照。战后不久，他骑上了一辆 BMW R 51/2，之后的人生，就在飞机和摩托车这两类机械上交织。人类如何与操作的机器（无论是飞机还是摩托车）相协调的心理学方法，也成了他在学术上开拓的处女地之一：这是心理学与自然科学之间的一个新边疆。尽管没有像某些专家那样著作等身，教授的那本《摩托车的上半部》成为了从欧洲到北美，所有摩托车驾驶人教育的经典著作，如同物理学中的牛顿《原理》。这位对“人-机矩阵”有着深刻洞见的老先生，在94岁高龄时，还出版了一本小说《Milchbrüder, beide》，作为对德国人和他自己过去经历的某种回应。
在那本著作的附文《The Fascination of Motorcycling》（摩托车的魅力）之中，教授将摩托车骑行的魅力，喻为“一个完整的星座”。如同多年前另一位日本的前辈，将摩托车的机械结构比作“一个宇宙”。这一代摩托车人，都是战争的亲历者，也是现代摩托车进化的见证者。正是在这种孕育出了丰富机械文化的社会土壤里，才滋养了富足而不仅是富裕的人类文明。
-
@ 8194da31:0f3badf3
2025-06-14 13:39:14
I got fired at 29.
Best thing that ever happened to me.
Everyone told me to follow the safe path.
"Go to college."
"Get a secure job."
"Don't take risks."
So I became a physical therapist.
Safe. Boring. Soul-crushing.
Then COVID hit and changed everything.
I became a wheelchair technician.
One of the only jobs you could do outside while everyone was locked indoors.
Driving through empty cities while the world hid.
Listening to podcasts to stay sane.
That's when I discovered Michael Saylor talking about Bitcoin in 2022.
Digital freedom.
Money nobody could control.
Escape from the broken system.
I was hooked.
So I landed a corporate job to stack more Bitcoin.
The strategy worked.
I bought more Bitcoin in a bear market.
But I sacrificed my physical and mental health.
Ten hours of driving daily.
Weight piling on.
Happiness draining out.
They fired me after 10 months.
Left me with nothing but a mortgage to pay.
Terrifying but liberating.
A friend from the gym threw me a lifeline.
"Want to train people?"
I grabbed it.
While building others' bodies, I built my future:
• Kept writing online • Kept studying Bitcoin • Kept building my dream
Now I help Bitcoiners grow their influence and personal brand.
So they can taste freedom too.
Found an amazing girlfriend who believes in the vision.
The mortgage doesn't scare me anymore.
Here's what I learned:
Society's safe path leads to society's prison.
Your risky path leads to your freedom.
Stop asking permission to live differently.
Start building the life that makes you excited to wake up.
The world needs what you're hiding.
-
@ 5188521b:008eb518
2025-06-03 12:25:39
Elysium
Part I: The Failed Harvest
First, the quiet came. Each day, the markets grew quieter, the people hungrier. A farmer stared at wilted crops, dread settling in his heart. In a kingdom once resplendent with markets and sky-reaching monuments, it was the first failed harvest that marked the end of affluence and the beginning of collapse.
By the second year, market traders stood before empty stalls, goods long gone, rotten, or ruined. Jobless men prowled, foraging the streets for vermin and meager scraps of sustenance. Young women offered their time for bread, their eyes hollow in the act. Widows, too, entered strangers’ homes, bartering themselves for their children’s next meal. Orphans, gaunt and brittle, drew meaningless shapes in the dust, their laughter a forgotten memory.
Rumors surged like wind through dry grass. Scapegoats were blamed; superstitions gripped the masses. By the third year, it was known to the people and the king alike, there would be no more monuments erected, only tombstones. The king called the council, heavy with despair. In a room filled with tension, ministers and knights sat around a table.
Before them stood the realm’s wisest farmer, a man worn from years of labor, hunger, and loss. His voice echoed the deep hunger that gripped the kingdom. “Your Majesty, the land is weary. It cries for respite.” His words hung heavy in the room, laying bare the reality of their fate.
Part II: The Devil’s Pact
In the dimly lit chamber, a palpable tension filled the air. The alchemist, servant to the king and master of arcane arts, stepped into the flickering candlelight. He held an aged book, its scent mingling with the murk of looming spells. With a voice both smooth and haunting, he shattered the quiet, his words a ripple through stone walls.
“Sire, alchemy is our last refuge. We can harvest time to feed the earth,” he began, revealing a parchment inked with cryptic circles and lines. “Each citizen, willingly or not, will spare a mere whisper of their years. An unnoticeable offering. With careful alchemy, we can replenish our lands and fortify your reign with the alms of myriad souls.” Leaning closer, he whispered the words that would redefine their civilization: a devil’s proposal intended for the king but felt by all. “Consider, my lord, a reign without end, each year stretched beyond nature’s limits, a kingdom fed by the borrowed time of its people. No more famine. No more want.”
The court waited, their faces etched with fear and desperate hope, ready to tread any path that led away from the abyss of famine.
For a moment, the king was a statue, his face a veil behind which storms brewed. Finally, exhaling a breath heavy with fate, he spoke. “We’ve endured enough hardship. We shall seize a future that knows no famine.”
The air thickened as the alchemist retreated with a solemn nod, the weight of the chosen path settling in.
He reopened his tome and voiced the incantation. Arcane syllables filled the room, weaving a desperate gambit to salvage their decaying kingdom. Thus, in the dark hours of night, they sealed a new covenant that would reverberate through generations.
Part III: Vines and Moss
In the decades that followed the alchemist’s rites, the kingdom thrived like spring after a bitter winter. Fields were lush year-round, erasing hunger and the memories of famine. Marketplaces bustled, no longer a graveyard of commerce but a carnival of exotic goods from every corner of the world. The air seemed perfumed with prosperity — healthy river fish, basilisk meats, and spices from faraway lands. A century rolled by. The king, unaging, stretched his influence over land and sea, turning his realm into an empire. Statues weathered, and languages evolved, but the king abided.
Yet, a toll was exacted. Years stolen from the people, a time tax woven into the fabric of life. The spell fed both earth and crown, cloaking decay with a veneer of wealth. The young wore the faces of old men, their eyes wise beyond their years. Every heartbeat was a sacrifice, a quiet tax to feed the castles of power.
Then came the year when the land rebelled. Coaxed by the spell, the soil had given until it couldn’t, its silent plea for rest ignored. The land remembered stolen seasons, now determined to settle old scores. Crops withered; rivers soured. Beasts waned, their numbers thinning. The kingdom, starved of Earth’s gifts, unraveled — not from human revolt, but from the silent insurrection of the land that once fed them.
With hunger as the harbinger, society fractured. Chaos and mass confusion swallowed the land, a virulent blight not even alchemy could stem. Witch hunts raged for a merciless century, fire consuming flesh and innocence. Men’s strength wilted, armies disbanded. Women, walking in the agonizing footsteps of famine-haunted foremothers, bartered touch for bread.
Monuments lay buried under vines and moss. Fertile lands turned barren. Schools emptied, their echoing halls abandoned, and children torn from learning, were sent to farm dying lands. Art withered. Painters swapped colors for shades of gray, and soon vanished altogether. Teachers and engineers were supplanted by an ever-growing class of soil-bound serfs.
Desperate, the eternal king sought another spell. He asked the people not for mere years but decades. The alchemist obliged, crafting another spell from dark incantations. Yet the ravaged earth, too spent to yield, exacted a monstrous price: lifetimes for crumbs of bread. People, skeletal, on the verge of vanishing, offered their very existence. A silence settled, a collective sacrifice borne not in rebellion, but in surrender.
Part IV: Clara The Torchbearer
In the land between sleep and waking, Clara was a child again, standing at the threshold of a room aglow with amber light. Her mother ground herbs, the wooden table before her strewn with books, vials, and leaves. “These aren’t just leaves and liquids,” her mother said. “They’re doors to the gardens of your mind.” Her words sank into Clara like stones into deep water.
She woke to a gusting wind. Her dream dissolved like morning mist. The sun broke over the kingdom, time’s toll evident in every vine-entangled ruin. Light spilled into her chamber.
Clara’s room was modest: a bed, a wardrobe, a desk. On it, a lone candle and scattered books that whispered of the kingdom’s past grandeur and freedoms now lost. It was her mother’s notes and books, crafted in the quiet, away from royal eyes — a puzzle to decipher, a quest still yearning for footsteps.
She draped a linen robe over her shoulders and approached the window, her fingers ink-stained from yesterday’s writings. Below, people shuffled through life, joyless and muted.
The spell cast long ago had become an oppressive, faceless dictator. It promised bread but dealt only crumbs, a tarnished magic now woven into the kingdom’s culture as enduringly as its ancient stone walls and teeming graveyards.
She remembered the cold spring day she put her mother in the earth. The ground was hard, the casket simple. The tombstone bore the words: ‘Seed in Drought.’
The chambermaid standing beside her asked what it meant.
“Her wish,” Clara answered. Her face gave nothing away, her thoughts a distant country.
From her room, Clara watched the people below — eyes down, spirits broken. Clara was not like the others. She carried an inner fire, gifted from her mother, a quiet revolt against a gray world.
In her room’s sanctuary, amid ink and parchment molded by hands long stilled, Clara found traces of a freer past, free from famine and theft of years. A past now entrusted to her. As she flipped through the timeworn pages of an ancient tome, something caught Clara’s eye. In the margins of the text, a note penned in her mother’s hand: “For Clara — Elric is the keeper of truths that free us. Go where I could not. Find him.” Below it, a tender signature, her mother’s name etched in ink.
The name ‘Elric’ stirred a latent memory, a shared secret often spoken by her mother. Filled with a sense of destiny, Clara closed her worn books and left her chamber.
At the age of twenty, for the first time, she ventured beyond the confining walls of her castle. Guided by remnants of forgotten eras, she set forth to unearth truths long interred but never wholly erased. Her compass drew her toward the Whispering Pines, a land untouched by the alchemist’s dark arts and, as her mother had often mentioned, the rumored dwelling of Elric.
Part V: Far to Go
Clara walked through towns void of kindness, over land stripped of life. Each day sculpted her in the likeness of the land she traversed — a leaner body, hands hardened, face etched by sun and wind.
Thirteen days out, Clara trudged through the ashen remains of a town, its name forgotten, its history lost. Empty buildings sagged under the weight of time, their hollow frames like gravestones against the evening sky. Vacant faces, like clock dials without hands, glanced through her, never at her.
Spying a run-down tavern, she cautiously stepped inside. The door whined on rusted hinges. She eased onto a splintered stool. “Bread,” she rasped. The innkeeper, a bloated man with eyes like rotted plums, flung stale crust onto the counter. Her teeth sank into the stale crust, her body weeping for nourishment.
The room stank of unwashed bodies and sour ale. In a dim corner, men gambled their souls on dice, their faces marred by desperation and greed. As she made to leave, talk stilled, and eyes tracked her. A rough hand seized her wrist.
“Far to go?” The words, a mockery.
Her eyes darted to the innkeeper, pleading for an ally. His gaze, cold, turned away. “Yes, far,” she replied, stalling.
Then, violence. Teeth, nails, a taste of blood. Outmanned, her screams died in cruel laughter. Her clothes yielded, torn in the contest of her humiliation.
After the degradation, she stepped outside and into the soft rain of the night. Her path now carried weight measured in more than miles.
Ahead, barren land stretched mercilessly. A fleeting image of her mother’s face offered a brief moment of comfort. She tilted her head back, letting rain droplets fall onto her tongue to dilute the bitterness that swelled within her. The night urged in tones only darkness knows. Turn back, it murmured.
But she walked on. Her will was a defiant ember, the last flicker of light in a world teetering on oblivion, its humanity long forfeited.
Part VI: Elric
After weeks traversing a harsh expanse, gaunt but unbroken, she found herself beneath the Whispering Pines. As she approached, she carried more than her own weight. She embodied her mother’s enduring hope and her land’s final prayer for redemption.
Elric greeted her at the doorway. “You’ve come,” he said, leading her inside, the room warm from the fire in the stone hearth.
Her eyes roved from the firelight dancing on the walls to the shelves laden with books. A staircase twisted upward, its banister engraved with ancient symbols.
“Your homeland withers,” Elric said, drawing from his pipe, the wood old and marked by years. The scent of herbs, a blend cultivated through many seasons, sharpened the mind as it filled the room. “The spell,” she confirmed.
“Mmm,” he exhaled, his eyes shifting to the fireplace, wood popping in the heat. “Your forebears knew better days. Days without sacrifice.”
“The legends spoke truth, then?”
“Indeed.”
“Did you know I was coming?”
“I’ve waited twenty years. This isn’t our first meeting.”
“We’ve met before?”
“Once, when you were but a newborn. Your mother and I collaborated. We worked on a potion that siphons the power of nature to protect the truth in our world, to shield it from alchemy and dark spells.”
Elric opened a small cabinet beside the hearth. From it, he took an empty wooden chalice and a stoppered glass vial. Uncorking the vial, he poured a golden liquid into the chalice, the firelight making it shimmer. “This elixir hails from untarnished lands, free from the alchemy that poisons your realm. One sip and illusions shatter, transforming soul and society alike.” “What is it called?” she asked.
He looked at her intently. “Elysium,” he said, the word hanging heavy in the room. “It’s both the end and the beginning of your journey. You must experience it to understand. Drink.”
She sipped the brew; it tasted of nothing. Soon, as she nestled by the fire, the walls took a breath, and the world sharpened as if coming into focus for the first time. The air thickened into a heavy mist, her fingers danced through it, each ripple sending colors splashing around like bioluminescent whispers. She floated, her body dissolving, her name a distant echo.
Elric’s gaze turned to the fire, shadows playing across his face. “Elysium shows only what one needs to see, no more, no less,” he said, his voice a gentle wave against the shores of her uncertainty. “In my own experience with Elysium, I saw a torchbearer in the veil of time, a young soul with the spark to undo the dark spell on your land.” His eyes found Clara’s. “But the torchbearer had to come to me, the journey forging the resolve. Had I sought you out sooner, before your heart was ready, Elysium’s truth would have been a burden too heavy.”
As the reality of his words sank in, Clara felt the weight of the years, the faces of the countless lives lost to the alchemist’s dark magic flashing before her eyes. “And the elixir… why not share it sooner?”
Elric sighed, his eyes drifting to the ancient books lining the shelves. “Elysium’s truth is a double-edged blade. In the wrong hands, it could cut through the fabric of reality, leaving wounds that might never heal. Your kingdom…” he gestured vaguely towards the window, “…it wasn’t ready. But now, the ground has been furrowed by suffering, ready to receive the truth about the universe, the spell, the suffering.”
The walls breathed with a rhythm older than time. She looked at her hands moving through the bioluminescent mist, each movement sending ripples across the room. Tendrils of light danced in the air, ethereal spirits beckoning her towards another realm.
“But why?” Clara pressed, her presence deepening with each breath. “Why involve yourself?”
Elric’s eyes softened. “I once lived in your kingdom, fleeing when I realized the spell’s plague. Your mother and I, we shared a vision of a world free from dark alchemy. But more than a promise to an old friend, it’s a battle against the grasp of evil spells, a grasp threatening to choke the essence of life and freedom from this world. It’s a battle,” he looked at Clara with a profound earnestness, “that now passes to you.”
Suddenly, reality shattered, and her soul twisted and warped through a portal faster and faster until she touched the core of the cosmos.
Here, in a land beyond words, beyond the confines of time and space, she witnessed the birth and demise of the universe. With each breath, a star was born and died; each blink saw the rise and fall of civilizations. Like a photon racing at light speed through the cosmos, untouched by time, she beheld the entirety of all that ever was and will be.
Peering beyond the infinitely small, she saw the source code of the universe, equations as living tendrils of light materializing into particles, planets, and stars. The universe, a symphony of mathematical elegance, its physicality a melody resonating along the strings of her consciousness.
She floated amidst the cosmic code, orchestrating the universe — the planets, the voids, the unseen forces weaving through them — and she was one with all. She was the universe gazing at itself. Beyond the veil of mortality, she saw endless realms, death a mere doorway. In that boundless expanse, she brushed against the face of the divine.
A golden phoenix took form before her.
“I am Veritas,” it spoke, not in words, but in a language of complex geometry.
It exposed the grim truths of her lands, the Great Famine, and the enslaving spell — a counterfeit prosperity bought at the terrible price of human years.
“How do we break free?” Clara’s voice carried the untold suffering of generations.
“Simple,” the phoenix intoned. “Don’t battle the alchemist or his spell; you won’t win. Acknowledge the illusion. Tend to your own gardens, and reliance on the alchemist and the king fades. Elysium shields you, body and mind, from the spell’s reach.”
As the vision faded, Clara found herself back on the wooden floor, her head cushioned by a pillow. The urgency of her quest snapped her back to reality, a newfound resolve kindling in her chest.
“I see now,” she breathed, her voice steady. “I know what I must do.”
Elric nodded, a sage with a deep understanding of the paths of the universe. “Yes, but first, tea. There’s strength to regain and you have a long journey ahead,” he said, anchoring them both in a moment of calm before the impending storm of change.
Part VII: The Wayfarer’s Hearth
After days navigating barren expanses, Clara entered a cobblestone town as twilight settled. Figures lined the street, some alive, some not, most in limbo — too tired to beg, too frail to feed. Candlelight flickered from the windows of a tavern, illuminating well-fed faces. “The Wayfarer’s Hearth,” read the sign above the door.
She approached. The door creaked open to admit her, wafting out stale beer and the scent of roast meat. Her fingers twitched involuntarily, memories of weeks ago crawling up her spine, but her body ached for sustenance, for warmth. Holding her satchel close, safeguarding the vial of Elysium, she chose a chair at an empty table and settled in. Soon enough, food appeared.
The man who had set her meal before her took the adjacent seat with deliberate ease, his eyes lingering on her satchel. Her pulse quickened.
“You carry a weight, wanderer,” he said.
“Or hope,” she countered, her grip on her satchel unyielding.
A glass shattered. Drunkards stumbled into their table, a wave of mead sweeping over worn wood. Clara’s heart surged, the man’s fingers brushed her satchel, pulling the vial from its sanctuary. “Hope carries its own burden,” he said.
“The hope of my people is in that vial,” she shot back, her voice stripped bare.
“This is Elysium,” he said, his words like barbs. “At what cost, wanderer, do you think Elysium will save your people?”
Doubt snaked around her convictions. Was she the bearer of emancipation or a harbinger of calamity? Was her land ready for Elysium? “You know it?” she asked.
“I know it,” he said, eyeing it closely.
“Return it,” she commanded.
He handed over the vial. “The road to freedom is paved with the stones of responsibility. I wouldn’t want to walk in your shoes.”
She nodded, heavy but resolute. Clara left as quietly as she’d come, meal untouched, mission intact.
The night took her in. She cast a final glance back at a room oblivious to her departure. That night, she’d sleep under indifferent stars, closer to home but adrift in certainty, carrying the weight of a thousand stones of untold responsibility, a Trojan’s shroud for her people, a destiny unasked.
Part VIII: This is Elysium
Under a storm-heavy sky, Clara returned home. In her pocket was Elysium; in her mind, a plan that required Harold — an old friend and a knight by trade.
In the guild hall, Harold sat among knights and minstrels, a goblet in hand. “Look at this,” Clara said, pushing the vial across the table without ceremony. Her words pierced the tavern’s noise as she recounted her journey.
Harold looked at her, then at the vial. “You mean to say that one day, this will help us fight the spell?”
“No,” said Clara, her voice deep with a new knowing. “It means one day, we won’t have to.”
“Heresy,” Harold said. “You’re risking death.”
“So are we all,” she answered.
“They’ll burn you at the stake.”
“If I’m right, they won’t.”
“A trial then, regardless,” Harold said, his gaze dropping to the vial as the tavern’s jovial banter became a distant echo for them both.
“So be it,” Clara said, meeting his gaze. She leaned in, her fingers resting on his scarred knuckles. “Our farms take our children. It’s not right.”
“It’s how things are.”
“It’s how things were.”
“A trial will not be lenient, Clara. I can’t let you bring this to the king.”
“Not the king. The people.” She continued. “But don’t trust me. See for yourself.” Her eyes locked onto his. “Drink,” she said, her words echoing Elric’s.
Harold hesitated but finally drank. His eyes widened. He gripped the edge of the wooden table, his knuckles turning white. A sort of vacant gaze overcame him as if he’d journeyed to someplace far.
When the Elysium vision receded, he opened his eyes and looked at her anew, seeing the world for the first time again. He glanced around the hall as though it were a foreign land, his eyes lingering on the mundane — a crack in the table, the smudged goblet, a flickering torch on the wall—with awe and wonder. She knew then that they stood as one. Two visionaries, shouldering the burden of transforming the world, ready to shepherd their people into a revolutionary dawn.
In the square, the stone eyes of old heroes watched. A crowd formed, silenced by expectation and unaccustomed to the art of public speaking. Autumn leaves swirled at their feet.
“A new dawn!” Harold broke the silence. “Generations sacrificed, giving years for meager sustenance. But the land wants not our years — only our care and periodic reverence. The tales of a time without the toll of hunger, without a tax on life itself, from before the Great Famine, are not myths. They are forgotten chapters of our history, now on the verge of being rewritten.”
He raised the vial. Sunlight mirrored in its gold. “This is Elysium.”
Part IX: A Revolution Takes Shape
In the fading light of day, Harold and Clara stood by a murmuring brook, leaves rustling at their feet in quiet revolt. Faces young and old assembled around them; each one a silent rebellion against the servitude that taxed their years.
They drank, the chalice passing from hand to hand, a new ritual born. With each gathering, the numbers swelled; with each sip, more souls entwined. Slowly, yet with unyielding certainty, the kingdom shifted over the years. It changed not through a coup or uprising but through a still, relentless force, like water eroding stone. As the seasons passed and more villagers imbibed the Elysian brew, the weight of their invisible chains lessened, their atoms scattering into the evening air.
Shielded now, villagers sowed their own gardens, sanctuaries from the alchemist’s dominion. Bountiful harvests followed, hope supplanted despair. Word of the blooming private gardens spread like wildflowers, and fields once cursed by dark alchemy lay fallow and forgotten.
And there, by the unassuming brook, a revolution took shape. The soft sounds of the stream became an earthbound anchor for the myriad souls who opened the door to walk in the cosmic gardens of their minds. Each ritual added another stitch in the fabric of a new dawn; each sip, another brushstroke on the canvas of a world remade.
Part X: The Old Man
A decade drifted by. With each soul that tasted Elysium, the fetters of the old world loosened. The alchemist’s spell, once a yoke around their necks, now waned like thick morning fog giving way to the warmth of the day. Fields once cursed now bore food, not dread. Families gathered around bountiful tables, words flowing freely, unveiled.
Each year, townsfolk met by the sword in the square. Harold’s blade, the first monument raised in ages, stood as freedom’s spine, the axis of their new world. An old man approached, his eyes dimmed by memories of famine, leading a boy by the hand. Their eyes met, a chasm bridged: one soul untarnished by hunger, the other haunted by its ghost.
The old man stepped forward, his fingers quivering on the hilt of the sword. “Clara, what becomes of us if the land fails us again?” Years of hardship wavered in his voice, the ghosts of famine flickering in his eyes.
“It could,” Clara said, her voice steady as bedrock. “But it’s different now. Our fields are wider, our hands more skilled. We’re not trying to trick the earth with alchemy anymore. We speak in the simple terms it understands: soil, sun, water, time.”
Above, the alchemist’s fortress loomed, its towers now marred with cracks. Clara looked up. Empty windows stared back, like dead eyes on a fallen beast. Old times had ended; new ones had begun.
Part XI: The Note
Dawn broke, casting new light over worn cobblestones. Clara moved through the marketplace as if through a dream. The scent of cinnamon and rich coffee filled the air as she ran her fingers down silken tassels and through powdery barrels of golden saffron. Voices haggled; her feet felt the earth’s warm embrace.
Traders argued leisurely, their time no longer taxed by the spell. Children laughed, unburdened by field and plow.
Fields that once caged both young and old now released thinkers, builders, creators. The horizon changed form — bridges leapt over waterways, roads bound the land. Each stone laid was more than a fixture; it was a vow, a pact between the present and the future. It was today’s promise to a future yet unborn, anchored by the prosperity that now bloomed under Elysium’s sky.
As evening descended, the grand hall filled with voices unburdened by yesterday’s sorrow. In a secluded corner, Clara and Harold exchanged words about the loftier truths Elysium had laid bare.
A courier emerged from the crowd, extending a sealed parchment. “For you, mademoiselle.”
With a nod, Clara exchanged a coin for the note. Her eyes brightened as she absorbed the message:
Only a true renaissance resounds to the Whispering Pines. Continue, in health and strength. - Elric
She passed it to Harold, their eyes locking in wordless affirmation. “The Whispering Pines acknowledge us,” he finally said. “And so, we continue,” Clara replied, her voice unwavering, guided by truth. In the hall’s enveloping warmth, laughter, toasts, and spirited debates blended into a harmonious score — a sound that would have been foreign to their ancestors, a sound that marked the close of an era and the dawn of something profoundly new.
This story first appeared in Tales from the Timechain. Support our work and buy a copyhere.
79% of the zaps from this story will be passed onto the author, Reed.
21 Futures requests 21% for operating costs.
Ioni Appelberg (pronounced Yo-Ni Apple-Burg) is a bitcoin philosopher, futurist, author, and content creator. His content centers around science fiction, human history and it often takes the form of swashbuckling journeys to the frontiers of technology, space, and the human mind. His love of sci-fi, psychedelics, and futurism may take his stories (and unsuspecting readers) to strange but exciting places. He is also an avid reader, a medical doctor, a freedom fighter, an MMA fighter, a psychonaut, and a terrible chess player.
-
@ 3294129b:2a7654fa
2025-06-14 12:50:05
📍 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
-
@ c4f5e7a7:8856cac7
2025-06-03 08:15:33
I've managed to amass three SN profiles.
Is there a way to combined these?
@k00b @ek
https://stacker.news/items/995836
-
@ d5ca7093:549ad1ec
2025-06-14 12:39:55
In a world flooded with information and noise, it’s easy to feel like your brain is constantly switching channels.
One minute you’re reading a technical spec, the next you’re researching vintage Japanese vending machines,
then somehow deep in a Telegram rabbit hole about solar-powered mesh networks.Sound familiar?
For some of us, this isn’t just a personality quirk—it’s our baseline.
We don’t think in straight lines.
Ideas come in bursts. Focus comes in waves.
We thrive on novelty, but routine feels like quicksand.In a society built for rigid 9-to-5 brains, that kind of mental wiring often gets misunderstood.
But here’s the truth:If you learn to structure the chaos, it becomes a superpower.
What most people call distraction is actually high bandwidth.
It’s fast processing mixed with open curiosity.
But without systems in place, that power leaks.We chase every thought, every notification, every dopamine hit.
That’s why building your own structure is key—not to control your mind,
but to support it.- Custom workflows
- Intentional routines
- Clear priorities
These turn scatter into momentum.
In the Bitcoin and Nostr world, this mindset fits naturally.
We’re already breaking free from one-size-fits-all models.
We self-host. We fork code. We build for edge cases.Why not apply the same philosophy to how we work and think?
You don’t need corporate-style productivity hacks.
You can build your own.
Ones that work with your brain, not against it.
Use your site as your digital command center.
Set up tools that work offline.
Use local-first apps.
Block out time for deep work.
Make room for curiosity.Once you start adding scaffolding to your natural flow, something wild happens:
You move faster, think clearer, and build better.
The minds that don’t “fit in” are often the ones pushing things forward.
That’s not a bug—it’s a feature.
But features need configuration.Self-sovereignty isn’t just about running a node or holding your keys.
It’s about designing a life and workflow that fits you—especially
when your brain runs on a different operating system.
So if your mind doesn’t follow the rules, maybe it’s because
you were built to make new ones.Structure isn’t the enemy.
It’s the multiplier.
Follow my thoughts and work at:
🌐 https://taidigital.xyz
🔑@taidigital.xyzon Nostr -
@ 32e18276:5c68e245
2025-06-02 20:58:05
Damus OpenSats Grant Q1 2025 Progress Report
This period of the Damus OpenSats grant has been productive, and encompasses the work our beta release of Notedeck. Since we sent our last report on January, this encompasses all the work after then.
Damus Notedeck
We released the Beta version of Notedeck, which has many new features:
Dave
We've added a new AI-powered nostr assistant, similar to Grok on X. We call him Dave.
Dave is integrated with tooling that allows it to query the local relay for posts and profiles:
Search
The beta release includes a fulltext search interface powered by nostrdb:
Zaps
You can now zap with NWC!
And More!
- GIFs!
- Add full screen images, add zoom & pan
- Introduce last note per pubkey feed (experimental)
- Allow multiple media uploads per selection
- Major Android improvements (still wip)
- Added notedeck app sidebar
- User Tagging
- Note truncation
- Local network note broadcast, broadcast notes to other notedeck notes while you're offline
- Mute list support (reading)
- Relay list support
- Ctrl-enter to send notes
- Added relay indexing (relay columns soon)
- Click hashtags to open hashtag timeline
Damus iOS
Work continued on the iOS side. While I was not directly involved in the work since the last report, I have been directing and managing its development.
What's new:
Coinos Wallet + Interface
We've partnered with coinos to enable a one-click, non-KYC lightning wallet!
We now have an NWC wallet interface, and we've re-enabled zaps as per the new appstore guidelines!
Now you can see all incoming and outgoing NWC transactions and start zapping right away.
Enhanced hellthread muting
Damus can now automatically mute hellthreads, instead of having to do that manually.
Drafts
We now locally persist note drafts so that they aren't lost on app restart!
Profile editing enhancements
We now have a profile picture editing tool so that profile pictures are optimized and optionally cropped
Conversations tab
We now have a conversations tab on user profiles, allowing you to see all of your past conversations with that person!
Enhanced push notifications
We've updated our push notifications to include profile pictures, and they are also now grouped by the thread that they came from.
And lots more!
Too many to list here, check out the full changelog
Nostrdb
nostrdb, the engine that powers notecrumbs, damus iOS, and notedeck, continued to improve:
Custom filters
We've added the ability to include custom filtering logic during any nostrdb query. Dave uses this to filter replies from kind1 results to keep the results small and to avoid doing post-processing.
Relay index + queries
There is a new relay index! Now when ingesting notes, you can include extra metadata such as where the note came from. You can use this index to quickly list all of the relays for a particular note, or for relay timelines.
NIP50 profile searches
To assist dave in searching for profiles, we added a new query plan for {kind:0, search:} queries to scan the profile search index.
How money was used
- relay.damus.io server costs
- Living expenses
Next quarter
We're making a strong push to get our Android version released, so that is the main focus for me.
-
@ fa0165a0:03397073
2025-06-01 12:23:47
Test of untype
Let see what this markdown editor goes for. Quite nice layout, but so far in my testing only usable via computer. On phone, the keyboard covers the writing area, hehe. Now, where do these get published when posted?
-
@ 21335073:a244b1ad
2025-05-21 16:58:36
The other day, I had the privilege of sitting down with one of my favorite living artists. Our conversation was so captivating that I felt compelled to share it. I’m leaving his name out for privacy.
Since our last meeting, I’d watched a documentary about his life, one he’d helped create. I told him how much I admired his openness in it. There’s something strange about knowing intimate details of someone’s life when they know so little about yours—it’s almost like I knew him too well for the kind of relationship we have.
He paused, then said quietly, with a shy grin, that watching the documentary made him realize how “odd and eccentric” he is. I laughed and told him he’s probably the sanest person I know. Because he’s lived fully, chasing love, passion, and purpose with hardly any regrets. He’s truly lived.
Today, I turn 44, and I’ll admit I’m a bit eccentric myself. I think I came into the world this way. I’ve made mistakes along the way, but I carry few regrets. Every misstep taught me something. And as I age, I’m not interested in blending in with the world—I’ll probably just lean further into my own brand of “weird.” I want to live life to the brim. The older I get, the more I see that the “normal” folks often seem less grounded than the eccentric artists who dare to live boldly. Life’s too short to just exist, actually live.
I’m not saying to be strange just for the sake of it. But I’ve seen what the crowd celebrates, and I’m not impressed. Forge your own path, even if it feels lonely or unpopular at times.
It’s easy to scroll through the news and feel discouraged. But actually, this is one of the most incredible times to be alive! I wake up every day grateful to be here, now. The future is bursting with possibility—I can feel it.
So, to my fellow weirdos on nostr: stay bold. Keep dreaming, keep pushing, no matter what’s trending. Stay wild enough to believe in a free internet for all. Freedom is radical—hold it tight. Live with the soul of an artist and the grit of a fighter. Thanks for inspiring me and so many others to keep hoping. Thank you all for making the last year of my life so special.
-
@ 2cde0e02:180a96b9
2025-06-14 11:41:31
watercolor pencils, water brush & pen
https://stacker.news/items/1006159
-
@ 70c48e4b:00ce3ccb
2025-05-21 10:52:12
Dear readers,
“The direct use of force is such a poor solution to any problem, it is generally employed only by small children and large nations.” — David Friedman
What If we could enforce promises without force?
David Friedman, in his book The Machinery of Freedom, tosses out a pretty wild idea: that people can build systems of cooperation and justice without needing a government at all. These systems rely on voluntary agreements, social reputation, and mutual incentives. In such a world, contracts hold value because honoring a promise brings greater rewards than breaking it.
From Friedman to Bitcoin
https://i.ytimg.com/vi/e8zsFTV94bw/maxresdefault.jpg
This vision shaped the thinking behind Angor, a funding tool built on Bitcoin. Friedman’s ideas showed that systems of cooperation could work without central authority, and Bitcoin now provides the foundation to build them. It records transactions in a public and tamper-proof way. With features like Taproot, people can set clear rules for funding and accountability. Angor uses these tools to help founders and backers create agreements that are transparent and easy to verify.
The result is a new kind of marketplace where follow-through is visible, and reputation becomes a real asset. Instead of relying on enforcement from above, trust is earned through action and built into the system itself.
What happens after the project succeeds?
One important question kept returning throughout our work: what happens after a project succeeds? The founder raises the funds, delivers the product, and begins earning revenue. What mechanism ensures that revenue is shared as promised? How can investors protect their interests in an environment that relies on voluntary structure rather than external authority?
To explore possible answers, we looked at how libertarian thinkers approach contracts in stateless systems.
How libertarian thinkers approach contracts without the state?
Friedman, along with other libertarian thinkers like Murray Rothbard and Bruce Benson, describes voluntarily created legal systems where people make binding agreements and use private mechanisms to enforce them. These mechanisms include:
• Reputational risk • Collateralized performance • Community arbitration • Decentralized insuranceSuch tools can replace state-backed enforcement when trust is earned and incentives are aligned.
If founders are anonymous:
When a founder chooses to remain pseudonymous, legal enforcement is not available. In this case, the agreement between the founder and investor can rely on cryptographic mechanisms such as performance bonds, revenue proofs, and public reputation systems.
- Performance Bonds
• Founders deposit additional Bitcoin into a separate, time-locked contract. As they meet revenue-sharing milestones, they are allowed to unlock specific portions of this bond.
• If a revenue allocation is missed or a deadline passes without fulfillment, the contract redirects the bond to investors through a Taproot clause i.e. a feature in Bitcoin that lets you set up ‘if-this-then-that’ rules directly into a transaction, but privately. This creates a clear and automatic consequence, reinforcing accountability through financial incentives.
- Revenue Proofs and Oracles
• Most founders, especially those running small businesses like cafes, games, or services, do not earn revenue in Bitcoin. Their income flows through fiat systems, which means automatic on-chain revenue streaming is not an option. The only way to maintain transparency is to prove income after the fact. This starts with exporting a sales report from a platform such as Stripe, Revolut, or a point-of-sale system. The founder hashes the file and posts that hash to the Bitcoin blockchain as a timestamped public reference.
• An oracle plays the role of a neutral verifier. This could be a trusted accountant or an observer chosen by the investor community. Their job is simple: compare the actual report with the hash recorded on-chain. If the data matches, the oracle signs a message that triggers the revenue-share payout using a Discreet Log Contract (DLC).
A DLC is similar to a smart contract, but built for Bitcoin. It allows two parties to agree on a specific outcome, such as how much revenue was made, and only releases funds when that outcome is confirmed by the oracle.
This process does not depend on central enforcement. Instead, it works through mutual agreement and the oracle’s reputation, or any collateral they may have provided in advance.
- Reputation as collateral
• Every revenue-share payout is recorded on the Bitcoin blockchain, making it publicly visible and verifiable. Community-run indexers can scan the chain and track whether a founder consistently delivers payments on time. This performance history is then summarized into what is known as a “contract streak,” which refers to the number of consecutive payouts completed without delay.
• These streaks are published as signed events through protocols like Nostr, allowing anyone to verify a founder’s track record. A strong, uninterrupted streak builds credibility and can improve the chances of raising funds for future projects. In contrast, a broken streak signals risk, which discourages new investment and reduces access to support from the Angor community.
If founders are public:
When a founder uses a real identity, the parties can combine legal agreements with on-chain contracts. These hybrid arrangements allow for tools like enforceable smart contracts, voluntary arbitration, and potentially community-backed insurance.
- Legally binding smart contracts
• This type of agreement formally identifies the founder’s legal entity and clearly links it to specific Taproot addresses used in the project. It outlines the rules for revenue sharing, describes what constitutes a breach, and specifies how disputes should be resolved. Because it is a formal legal document, it can be enforced in any relevant jurisdiction where the founder has a presence or assets.
- Private arbitration
• During the contract setup, both parties can agree to a neutral arbitrator who will step in if a dispute arises. If a revenue payout is delayed or missed, the arbitrator reviews all relevant data, including on-chain records, oracle confirmations, and supporting documentation. Based on this evidence, the arbitrator issues a decision that determines whether funds should be released, held, or redirected. This method provides a clear resolution process without involving courts, while still maintaining a fair and structured outcome.
- Equity sharing and traditional securities
• When founders are publicly identified and operating under a registered entity, they can also offer equity in the company as part of the funding arrangement. This can take the form of direct share issuance, convertible notes, or tokenized equity, depending on jurisdictional frameworks and investor preferences.
While Angor does not facilitate equity transfers directly, the on-chain agreement can reference these arrangements clearly. Investors may receive shares documented in a cap table, with accompanying legal agreements that govern dividend rights, voting power, or exit terms.
This method provides a more conventional form of investor alignment and is often well-understood by experienced backers. It can also be combined with on-chain revenue-sharing mechanisms to create hybrid models that balance transparency with long-term equity value.
Final Thought: Alignment Over Authority
The ideas in The Machinery of Freedom show how people can build cooperative systems without relying on centralized authority. Angor puts those ideas into action by applying them to decentralized crowdfunding. Each campaign becomes a contract. Each payout becomes a public signal of integrity. Reputation is built over time, through visible and verifiable performance.
This approach shifts enforcement from force to alignment. It rewards honesty and transparency while making misuse costly. By designing systems where trust is earned through action and recorded on-chain, we move toward a more resilient model of funding. This model is grounded in consent, shaped by shared incentives, and supported by the open logic of Bitcoin.
Bitcoin itself works this way. Miners follow the rules not because they are told to, but because breaking them wastes energy, time, and opportunity. The cost of cheating is built into the system. Angor adopts the same principle: integrity is not enforced from above, it is embedded in the architecture.
If you are building on Angor or exploring similar ideas, reach out. The tools are evolving, and the community is growing.
https://docs.angor.io/images/tools/hub.png
Have you tried Angor yet?
Thank you & Ciao. Guest writer: Paco nostr:npub1v67clmf4jrezn8hsz28434nc0y5fu65e5esws04djnl2kasxl5tskjmjjk
-
@ 04c915da:3dfbecc9
2025-05-20 15:53:48
This piece is the first in a series that will focus on things I think are a priority if your focus is similar to mine: building a strong family and safeguarding their future.
Choosing the ideal place to raise a family is one of the most significant decisions you will ever make. For simplicity sake I will break down my thought process into key factors: strong property rights, the ability to grow your own food, access to fresh water, the freedom to own and train with guns, and a dependable community.
A Jurisdiction with Strong Property Rights
Strong property rights are essential and allow you to build on a solid foundation that is less likely to break underneath you. Regions with a history of limited government and clear legal protections for landowners are ideal. Personally I think the US is the single best option globally, but within the US there is a wide difference between which state you choose. Choose carefully and thoughtfully, think long term. Obviously if you are not American this is not a realistic option for you, there are other solid options available especially if your family has mobility. I understand many do not have this capability to easily move, consider that your first priority, making movement and jurisdiction choice possible in the first place.
Abundant Access to Fresh Water
Water is life. I cannot overstate the importance of living somewhere with reliable, clean, and abundant freshwater. Some regions face water scarcity or heavy regulations on usage, so prioritizing a place where water is plentiful and your rights to it are protected is critical. Ideally you should have well access so you are not tied to municipal water supplies. In times of crisis or chaos well water cannot be easily shutoff or disrupted. If you live in an area that is drought prone, you are one drought away from societal chaos. Not enough people appreciate this simple fact.
Grow Your Own Food
A location with fertile soil, a favorable climate, and enough space for a small homestead or at the very least a garden is key. In stable times, a small homestead provides good food and important education for your family. In times of chaos your family being able to grow and raise healthy food provides a level of self sufficiency that many others will lack. Look for areas with minimal restrictions, good weather, and a culture that supports local farming.
Guns
The ability to defend your family is fundamental. A location where you can legally and easily own guns is a must. Look for places with a strong gun culture and a political history of protecting those rights. Owning one or two guns is not enough and without proper training they will be a liability rather than a benefit. Get comfortable and proficient. Never stop improving your skills. If the time comes that you must use a gun to defend your family, the skills must be instinct. Practice. Practice. Practice.
A Strong Community You Can Depend On
No one thrives alone. A ride or die community that rallies together in tough times is invaluable. Seek out a place where people know their neighbors, share similar values, and are quick to lend a hand. Lead by example and become a good neighbor, people will naturally respond in kind. Small towns are ideal, if possible, but living outside of a major city can be a solid balance in terms of work opportunities and family security.
Let me know if you found this helpful. My plan is to break down how I think about these five key subjects in future posts.
-
@ f0fd6902:a2fbaaab
2025-06-14 09:53:11
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
2025-06-14 09:01:06
Square, the payments platform operated by Block (founded by Jack Dorsey), is reporting 9.7% bitcoin yield on its bitcoin holdings by running a Lightning Network node.
The announcement was made by Miles Suter, Bitcoin product lead at Block, during the Bitcoin 2025 conference in Las Vegas. Suter explained that Square is earning “real bitcoin from our holdings” by efficiently routing payments across the Lightning Network.
Square’s yield comes from its role as a Lightning service provider, a business it launched two years ago to boost liquidity and efficiency on the Lightning Network. According to Lightning Labs’ Ryan Gentry, Square’s 9% yield could translate to roughly $1 million in annual revenue.
The Lightning Network, a Bitcoin layer-2 protocol, has long been promoted as a solution to Bitcoin’s scalability and transaction speed issues. It enables micropayments and off-chain transactions, reducing congestion on the main blockchain. However, the network faces challenges, including the need for inbound liquidity—users must lock up BTC to receive BTC—potentially limiting participation by smaller nodes and raising concerns about decentralization.
Despite these hurdles, Square remains committed to advancing Bitcoin payments via Lightning. Suter revealed that 25% of Square’s outbound bitcoin transactions now use the Lightning Network. The company is actively testing Lightning-based payments at the Bitcoin 2025 event and plans to roll out the service to all eligible Square merchants by 2026.
Suter emphasized the transformative potential of Lightning:
“When you enable real payments by making them faster and more convenient, the network becomes stronger, smarter, and more beneficial. So if you’re questioning whether bitcoin is merely an asset, the response is no. It has already evolved into both an asset and a protocol, and now Block is spearheading the initiative to transform it into the world’s premier payment system.”
Square’s ongoing investment in Lightning signals its belief in Bitcoin’s future not just as a store of value, but as a global payments protocol.
-
@ 044da344:073a8a0e
2025-06-14 08:56:18
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
-
@ f3328521:a00ee32a
2025-06-14 07:46:16
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.
-
@ 04c915da:3dfbecc9
2025-05-20 15:50:48
For years American bitcoin miners have argued for more efficient and free energy markets. It benefits everyone if our energy infrastructure is as efficient and robust as possible. Unfortunately, broken incentives have led to increased regulation throughout the sector, incentivizing less efficient energy sources such as solar and wind at the detriment of more efficient alternatives.
The result has been less reliable energy infrastructure for all Americans and increased energy costs across the board. This naturally has a direct impact on bitcoin miners: increased energy costs make them less competitive globally.
Bitcoin mining represents a global energy market that does not require permission to participate. Anyone can plug a mining computer into power and internet to get paid the current dynamic market price for their work in bitcoin. Using cellphone or satellite internet, these mines can be located anywhere in the world, sourcing the cheapest power available.
Absent of regulation, bitcoin mining naturally incentivizes the build out of highly efficient and robust energy infrastructure. Unfortunately that world does not exist and burdensome regulations remain the biggest threat for US based mining businesses. Jurisdictional arbitrage gives miners the option of moving to a friendlier country but that naturally comes with its own costs.
Enter AI. With the rapid development and release of AI tools comes the requirement of running massive datacenters for their models. Major tech companies are scrambling to secure machines, rack space, and cheap energy to run full suites of AI enabled tools and services. The most valuable and powerful tech companies in America have stumbled into an accidental alliance with bitcoin miners: THE NEED FOR CHEAP AND RELIABLE ENERGY.
Our government is corrupt. Money talks. These companies will push for energy freedom and it will greatly benefit us all.
-
@ 9c9d2765:16f8c2c2
2025-06-14 07:37:42
In a coastal village divided by a rushing river, two clans lived on opposite banks The Southern Kaduna and The Northern Kaduna, Generations of mistrust had built walls between them, though the river carried the same water, and the sky above shone on both.
No one dared cross the river, though everyone longed to.
Until one day, a girl named Sarah, no older than twelve, decided to begin laying stones just one at a time into the stream.
The elders laughed. “A child’s game,” they said.
But Sarah came back each day. Rain or sun. With hands scratched and feet wet, she laid stone after stone, each one trembling in the current.
One morning, a boy from the South side stood watching. Then, silently, he brought a stone of his own. He laid it next to hers.
They said nothing.
Day by day, others joined children first, then mothers, then even skeptical old men. Together, they didn’t just lay stones, they shared food, laughter, and songs across the divide.
By the end of the season, the river had a bridge.
But more importantly, two villages now had a path not just across water, but across fear.
And when asked who built the bridge, they didn’t say Sarah’s name.
They simply said, “It started with one small step. Then many others followed.”
Moral: Every great journey starts small. The first step might not shake the earth but it can change the world.
-
@ 04c915da:3dfbecc9
2025-05-20 15:50:22
There is something quietly rebellious about stacking sats. In a world obsessed with instant gratification, choosing to patiently accumulate Bitcoin, one sat at a time, feels like a middle finger to the hype machine. But to do it right, you have got to stay humble. Stack too hard with your head in the clouds, and you will trip over your own ego before the next halving even hits.
Small Wins
Stacking sats is not glamorous. Discipline. Stacking every day, week, or month, no matter the price, and letting time do the heavy lifting. Humility lives in that consistency. You are not trying to outsmart the market or prove you are the next "crypto" prophet. Just a regular person, betting on a system you believe in, one humble stack at a time. Folks get rekt chasing the highs. They ape into some shitcoin pump, shout about it online, then go silent when they inevitably get rekt. The ones who last? They stack. Just keep showing up. Consistency. Humility in action. Know the game is long, and you are not bigger than it.
Ego is Volatile
Bitcoin’s swings can mess with your head. One day you are up 20%, feeling like a genius and the next down 30%, questioning everything. Ego will have you panic selling at the bottom or over leveraging the top. Staying humble means patience, a true bitcoin zen. Do not try to "beat” Bitcoin. Ride it. Stack what you can afford, live your life, and let compounding work its magic.
Simplicity
There is a beauty in how stacking sats forces you to rethink value. A sat is worth less than a penny today, but every time you grab a few thousand, you plant a seed. It is not about flaunting wealth but rather building it, quietly, without fanfare. That mindset spills over. Cut out the noise: the overpriced coffee, fancy watches, the status games that drain your wallet. Humility is good for your soul and your stack. I have a buddy who has been stacking since 2015. Never talks about it unless you ask. Lives in a decent place, drives an old truck, and just keeps stacking. He is not chasing clout, he is chasing freedom. That is the vibe: less ego, more sats, all grounded in life.
The Big Picture
Stack those sats. Do it quietly, do it consistently, and do not let the green days puff you up or the red days break you down. Humility is the secret sauce, it keeps you grounded while the world spins wild. In a decade, when you look back and smile, it will not be because you shouted the loudest. It will be because you stayed the course, one sat at a time. \ \ Stay Humble and Stack Sats. 🫡
-
@ dd664d5e:5633d319
2025-06-14 07:24:03
The importance of being lindy
I've been thinking about what Vitor said about #Amethyst living on extended time. And thinking. And doing a bit more thinking...
It's a valid point. Why does Amethyst (or, analog, #Damus) still exist? Why is it as popular as it is? Shouldn't they be quickly washed-away by power-funded corporate offerings or highly-polished, blackbox-coded apps?
Because a lot of people trust them to read the code, that's why. The same way that they trust Michael to read it and they trust me to test it. And, perhaps more importantly, they trust us to not deliver corrupted code. Intentionally, or inadvertently.
The developer's main job will not be coding the commit, it will be reviewing and approving the PR.
As AI -- which all developers now use, to some extent, if they are planning on remaining in the business -- becomes more efficient and effective at writing the code, the effort shifts to evaluating and curating what it writes. That makes software code a commodity, and commodities are rated according to brand.
Most of us don't want to make our own shampoo, for instance. Rather, we go to the store and select the brand that we're used to. We have learned, over the years, that this brand won't kill us and does the job we expect it to do. Offloading the decision of Which shampoo? to a brand is worth some of our time and money, which is why strong, reliable brands can charge a premium and are difficult to dislodge.
Even people, like myself, who can read the code from many common programming languages, do not have the time, energy, or interest to read through thousands of lines of Kotlin, Golang, or Typescript or -- God forbid -- C++, from repos we are not actively working on. And asking AI to analyze the code for you leaves you trusting the AI to have a conscience and be virtuous, and may you have fun with that.
The software is no longer the brand. The feature set alone isn't enough. And the manner in which it is written, or the tools it was written with, are largely irrelevant. The thing that matters most is Who approved this version?
The Era of Software Judges has arrived
And that has always been the thing that mattered most, really.
That's why software inertia is a real thing and that's why it's going to still be worth it to train up junior devs. Those devs will be trained up to be moral actors, specializing in reviewing and testing code and confirming its adherance to the project's ethical standards. Because those standards aren't universal; they're nuanced and edge cases will need to be carefully weighed and judged and evaluated and analysed. It will not be enough to add Don't be evil. to the command prompt and call it a day.
So, we shall need judges and advocates, and we must train them up, in the way they shall go.
-
@ 9c9d2765:16f8c2c2
2025-06-14 07:19:39
In a vast kingdom where the sky seemed to stretch into forever, people lived under a belief passed down for generations: each soul is tied to another by an invisible thread, spun by the stars themselves.
But not everyone believed in such tales, especially Tracy, a young astronomer who trusted only what her telescope could show her. Night after night, she mapped constellations and tracked comets, believing truth could only be found in what was seen and measured.
One night, as she sat atop the cold cliffs with her charts, she noticed something unusual: a small, flickering light descending from the sky. It wasn’t a star. It wasn’t a meteor.
It was… a boy.
He landed silently, without a sound, in the meadow below.
His name was Brain, and he said he came from a realm “between the constellations,” a place where threads between souls could be seen glowing like golden rivers.
Tracy laughed. “That’s impossible.”
But Brain smiled. “You’ve just never looked with the right eyes.”
He began teaching her to listen not with ears, but with heart. To observe not only the sky, but the people beneath it. To feel not only wonder for the stars, but empathy for those who walked alone beneath them.
Days passed. Then weeks.
Tracy’s maps changed. Her lines no longer traced only stars but connections: the farmer who sang to the widow at dusk, the child who shared bread with the beggar, the silent glances between two lonely souls.
Then one night, Brain was gone.
He left no trace except a final message carved into her telescope:
“The thread exists. And you’ve become part of it.”
Tracy wept. But when she looked up at the sky that night, she saw not just stars.
She saw stories. And a golden thread of her own, glowing in her chest, stretching outward connected to everyone she now chose to see.
Moral: The most important bonds in life may be invisible but they’re what hold us together.
-
@ e5cfb5dc:0039f130
2025-06-14 06:46:54
はりまメンタルクリニック：GIDの大手そう。丸の内線ならパムくんちが近い。
わらびメンタルクリニック：GIDの大手そう？
ナグモクリニック：SRS手術までしてるところ。GID精神科外来が月1第1木曜日だけ？
狭山メンタルクリニック：距離・時間的にはまま近い。サイトの記述が思想的にちょとあやしげ。新患受付がだいぶ先。GIDは専門外か？
川島領診療所：オンライン診療あり！強迫性障害や美容皮膚科をやっている。雰囲気よさそうなところ。GIDは専門外か？
Jこころのクリニック：電車いっぽんなので楽。GIDは専門外か？
ハッピースマイルクリニック：オンライン診療あり！GIDは専門外か？
-
@ 8bad92c3:ca714aa5
2025-06-14 05:02:14
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.
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:
@media screen and (max-width: 480px) { .mobile-padding { padding: 10px 0 !important; } .social-container { width: 100% !important; max-width: 260px !important; } .social-icon { padding: 0 !important; } .social-icon img { height: 32px !important; width: 32px !important; } .icon-cell { padding: 0 4px !important; } } .mj-column-per-33-333333333333336 { width: 25% !important; max-width: 25%; } .moz-text-html .mj-column-per-33-333333333333336 { width: 25% !important; max-width: 25%; } /* Helps with rendering in various email clients */ body { margin: 0 !important; p
-
@ 04c915da:3dfbecc9
2025-05-20 15:47:16
Here’s a revised timeline of macro-level events from The Mandibles: A Family, 2029–2047 by Lionel Shriver, reimagined in a world where Bitcoin is adopted as a widely accepted form of money, altering the original narrative’s assumptions about currency collapse and economic control. In Shriver’s original story, the failure of Bitcoin is assumed amid the dominance of the bancor and the dollar’s collapse. Here, Bitcoin’s success reshapes the economic and societal trajectory, decentralizing power and challenging state-driven outcomes.
Part One: 2029–2032
-
2029 (Early Year)\ The United States faces economic strain as the dollar weakens against global shifts. However, Bitcoin, having gained traction emerges as a viable alternative. Unlike the original timeline, the bancor—a supranational currency backed by a coalition of nations—struggles to gain footing as Bitcoin’s decentralized adoption grows among individuals and businesses worldwide, undermining both the dollar and the bancor.
-
2029 (Mid-Year: The Great Renunciation)\ Treasury bonds lose value, and the government bans Bitcoin, labeling it a threat to sovereignty (mirroring the original bancor ban). However, a Bitcoin ban proves unenforceable—its decentralized nature thwarts confiscation efforts, unlike gold in the original story. Hyperinflation hits the dollar as the U.S. prints money, but Bitcoin’s fixed supply shields adopters from currency devaluation, creating a dual-economy split: dollar users suffer, while Bitcoin users thrive.
-
2029 (Late Year)\ Dollar-based inflation soars, emptying stores of goods priced in fiat currency. Meanwhile, Bitcoin transactions flourish in underground and online markets, stabilizing trade for those plugged into the bitcoin ecosystem. Traditional supply chains falter, but peer-to-peer Bitcoin networks enable local and international exchange, reducing scarcity for early adopters. The government’s gold confiscation fails to bolster the dollar, as Bitcoin’s rise renders gold less relevant.
-
2030–2031\ Crime spikes in dollar-dependent urban areas, but Bitcoin-friendly regions see less chaos, as digital wallets and smart contracts facilitate secure trade. The U.S. government doubles down on surveillance to crack down on bitcoin use. A cultural divide deepens: centralized authority weakens in Bitcoin-adopting communities, while dollar zones descend into lawlessness.
-
2032\ By this point, Bitcoin is de facto legal tender in parts of the U.S. and globally, especially in tech-savvy or libertarian-leaning regions. The federal government’s grip slips as tax collection in dollars plummets—Bitcoin’s traceability is low, and citizens evade fiat-based levies. Rural and urban Bitcoin hubs emerge, while the dollar economy remains fractured.
Time Jump: 2032–2047
- Over 15 years, Bitcoin solidifies as a global reserve currency, eroding centralized control. The U.S. government adapts, grudgingly integrating bitcoin into policy, though regional autonomy grows as Bitcoin empowers local economies.
Part Two: 2047
-
2047 (Early Year)\ The U.S. is a hybrid state: Bitcoin is legal tender alongside a diminished dollar. Taxes are lower, collected in BTC, reducing federal overreach. Bitcoin’s adoption has decentralized power nationwide. The bancor has faded, unable to compete with Bitcoin’s grassroots momentum.
-
2047 (Mid-Year)\ Travel and trade flow freely in Bitcoin zones, with no restrictive checkpoints. The dollar economy lingers in poorer areas, marked by decay, but Bitcoin’s dominance lifts overall prosperity, as its deflationary nature incentivizes saving and investment over consumption. Global supply chains rebound, powered by bitcoin enabled efficiency.
-
2047 (Late Year)\ The U.S. is a patchwork of semi-autonomous zones, united by Bitcoin’s universal acceptance rather than federal control. Resource scarcity persists due to past disruptions, but economic stability is higher than in Shriver’s original dystopia—Bitcoin’s success prevents the authoritarian slide, fostering a freer, if imperfect, society.
Key Differences
- Currency Dynamics: Bitcoin’s triumph prevents the bancor’s dominance and mitigates hyperinflation’s worst effects, offering a lifeline outside state control.
- Government Power: Centralized authority weakens as Bitcoin evades bans and taxation, shifting power to individuals and communities.
- Societal Outcome: Instead of a surveillance state, 2047 sees a decentralized, bitcoin driven world—less oppressive, though still stratified between Bitcoin haves and have-nots.
This reimagining assumes Bitcoin overcomes Shriver’s implied skepticism to become a robust, adopted currency by 2029, fundamentally altering the novel’s bleak trajectory.
-
-
@ da8b7de1:c0164aee
2025-06-14 04:02:17
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
-
@ 5188521b:008eb518
2025-05-20 08:33:09
This memo intends to brief the federated societies of the galaxy on the status of one specific emerging civilization that has increasingly been of interest to our members, and further, to recommend caution when traveling unannounced nearby their local planet.
External Memo #263 from the Emerging Civilizations Council (ECC)
As you are all aware, it is the intention of our federated societies to isolate any emerging civilization in order to allow them the freedom to evolve and innovate independent of any external knowledge or technology. The benefits of this are twofold. Firstly, if during their scientific exploration and development, they are able to reach our same conclusions about the fundamentals of the universe, then we receive additional independent confirmation of our existing knowledge base. Secondly, and of much greater interest, is that all of our most advanced zero-to-one technological innovations have originated from these isolated civilizations because they are permitted to solve problems without bias from more advanced societies.
In earlier times, some of our members practiced strategic infusions of knowledge into emerging civilizations that would be disguised as native discoveries in order to secretly accelerate their advancement. While this was effective in developing advanced and peaceful civilizations more quickly, it was observed that those societies rarely developed any meaningful new technologies. As we have since learned, once a bias is introduced into an emerging civilization, it is typically destined to only innovate around our existing knowledge base.
More dangerously, societies that become aware of more advanced galactic civilizations almost always become focused on extrasolar power projection. This is an extension of the local evolutionary pressures that led to their domination as the apex predator on their planet. Only after they access the virtually unlimited resources of the galaxy, and they have resolved their internal struggle over distribution of those resources, will they be granted full federation status and interspecies technology transfer can be permitted. Prior to this stage, technology transfer from advanced societies must be avoided, as it can destabilize their development and often leads to the destruction of our most precious galactic resource; independent, decentralized technological innovation.
The dominant intelligent species of the specific civilization that is the focus of this memo identify as “Humans” and collectively inhabit a planet they call “Earth.” The Humans of Earth have yet to discover any advanced technology that would be useful to our members at this time; however, based on a key recent milestone in their development, their status has been upgraded to that of “pre-federation,” making them the leading candidate for our next admission into the galactic federation. As such, it has been estimated that first contact with the Humans of Earth may be possible within the next 1-2 GmRs [1 Galactic micro-Rotation (GmR) equals approximately 200 Earth solar orbits and spans approximately 10 human generations].
Their recent promotion to pre-federation status is based on their discovery of inviolable absolute scarcity — a key event that was independently reached among all federation members and typically triggers exponential advancement within two to four local generations. As is the case on Earth, inviolable absolute scarcity is virtually always used to develop undiluted intraspecies communication of value (the so-called perfect money). This has shown to be critical for cooperation and advancement among planetary apex predators throughout our galaxy.
The Earth-based discovery centers around a simple massless ledger system that is secured by electric power projection and is rapidly being adopted among the Humans of Earth. As with most apex predators, human trust is extremely difficult to scale across their entire planetary population. However, the new Earth-based monetary system, which they have named “bitcoin,” is quickly gaining the trust of humans as it continues to prove its inviolability. As has been the case among all emerging civilizations since the formation of the ECC, scarcity alone, even absolute scarcity, has never been enough to trigger exponential technological growth. The source of absolute scarcity must also be inviolable, or it will never be sufficiently trusted among a population.
The new currency of Earth is in the process of proving its inviolability by surviving numerous attacks with no meaningful disruption. Notably, even those closest to its discovery attempted to violate the properties of Earth’s initial implementation of absolute scarcity but were unsuccessful. Today it continues to withstand external attacks by those who have the most to lose, as adoption of a true and fair economic communication threatens to expose the opposition’s less productive, less efficient ideas. This, of course, is the specific class that must be disintegrated in order to allow the Humans of Earth to innovate freely and unlock exponential advancement. This same scenario has played out in all of our ancient histories following the discovery of inviolable absolute scarcity.
Because bitcoin has only existed for approximately one half of one human generation, proofs of inviolability have only been apparent to those who are looking the closest into the implications of the new discovery. Unsurprisingly, the humans who are the most inadequately compensated by the previous monetary systems are the first to find the benefits of inviolable absolute scarcity.
The highly anticipated exponential advancement from the now pre-federation Humans of Earth has attracted the interest of many of our members. Note, that at this juncture, the galactic playbook permits members to approach a pre-federation civilization undetected in order to fairly attain small quantities of their local implementation of inviolable absolute scarcity. The purpose of this practice is to allow our members to obtain a compatible and trusted source of compensation to be used in exchange for the first valuable innovations of a pre-federation society in a way that avoids unnecessary exposure to our technology prior to its full federation status.
Fortunately, all members who have taken part in this practice have fairly participated in the securitization of the bitcoin network, contributing small amounts of energy to organize and record transactions onto its independent time-based ledger system called the “Timechain.” Fair participation is critical to establish trust upon first contact.
Further, our members have, thus far, successfully minimized their impact on the new monetary system of Earth. This is important to disguise our existence but will also help gain trust in the future as no member will be seen as having abused its privileged access to overwhelming amounts of energy and computational power. To that end, it is believed that none of our members have collected more than a single payment for their energy contributions; meaning that no member society has more than 50 out of the full supply of 21,000,000 bitcoin (this was originally the smallest attainable payment for this form of fair participation).
The ECC asks that you please continue exercising caution, keeping your contributions to the bitcoin network to an absolute minimum. As a reminder, even a single service payment (currently 6.25 out of the full supply of 21,000,000 bitcoin), will likely be sufficient compensation for any of their innovations following first contact. Once awarded full federation status, Humans of Earth will be permitted to act as a full trading partner and will be eligible for other means of value for value payment.
However, the purpose of this message is not simply to commend our members for following those aspects of the galactic playbook. All federated societies of the galaxy should also be aware that there have recently been an increasing number of atmospheric anomalies detected by the Humans of Earth. Many believe that these anomalies are primarily caused by the influx of near-earth TDEs following their upgrade to pre-federation status [Temporary Distortion Events (TDEs) are a byproduct of most means of galactic travel]. We are, therefore, requesting that all members voluntarily announce their travel coordinates to help ensure that any TDEs in the future are adequately dispersed in space-time to avoid detectable events on Earth.
Although it has been almost 50 GmRs since the last emerging civilization was upgraded to pre-federation status, it is imperative that we maintain the complete isolation of the Humans of Earth at this critical juncture. As stated, if the Humans of Earth begin to suspect the presence of an overwhelmingly advanced species, they are highly likely to skew their innovations towards violent technologies that could destabilize their society and disrupt their potential for future contributions.
Thank you for maintaining our core principles as we begin to prepare for the next member to be admitted into our peaceful, decentralized federation.
End wideband galactic transmission…
This story first appeared in Tales from the Timechain. Support our work and buy a copy here.
79% of the zaps from this story will be passed onto the author, Reed. 21 Futures requests 21% for operating costs.
@nostr:npub1xgyjasdztryl9sg6nfdm2wcj0j3qjs03sq7a0an32pg0lr5l6yaqxhgu7s is a Christian, father of three, husband, bitcoiner, mechanical engineer in the nuclear power industry, science nerd and is passionate about the pursuit of truth. Reed also organized the Western Mass Bitcoin Meetup and is active on bitcoin twitter (@FreedomMoney21) and Nostr (nostrplebs.com/s/reed)
-
@ 87f5ac31:60daf34c
2025-06-14 03:16:52
수정 test
-
@ 9ca447d2:fbf5a36d
2025-06-14 01:01:43
President Donald Trump’s media company, Trump Media & Technology Group (TMTG), is doubling down on its Bitcoin bet, partnering with Crypto.com and Yorkville America Digital to launch its own bitcoin exchange-traded fund (ETF), called the Truth Social Bitcoin ETF.
On June 3, a division of the New York Stock Exchange, NYSE Arca, filed a 19b-4 form with the Securities and Exchange Commission (SEC).
This is the final regulatory hurdle before an ETF can be launched. If approved, this new fund will allow everyday investors to buy shares tied to the price of bitcoin, without having to hold the asset themselves.
The Truth Social Bitcoin ETF will track the price of bitcoin and give investors a simple, regulated way to invest in the digital money.
It will be listed and traded on NYSE Arca, and Foris DAX Trust Company (the custodian for Crypto.com’s assets) has been named as the proposed custodian for this new fund.
According to the filings, the ETF is “designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in bitcoin.”
This is part of a bigger plan by Trump Media to offer a full suite of digital-asset-based financial products.
The company has also applied to trademark six investment products and has plans for additional ETFs under its Truth.Fi fintech platform, which will focus on digital assets and energy sectors.
Trump Media also recently announced a $2.5 billion bitcoin treasury plan and raised $2.4 billion in stock and debt to support its bitcoin initiatives.
Related: Trump Media Will Raise $2.5 Billion to Build Bitcoin Treasury
Now that the 19b-4 has been filed, the SEC has 45 days to approve, reject or delay the application. This can be extended several times, but a final decision must be made by January 29, 2026.
In addition to the 19b-4, Yorkville America Digital must also file an S-1 registration statement. This will outline exactly how the ETF will work, what it offers to investors, how funds will be used, and the risks involved.
Since January 2024, bitcoin ETFs have been all the rage, with over $130 billion in assets. Big players like BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC dominate the space. BlackRock alone has $69 billion in assets through its bitcoin ETF.
Even though Trump’s ETF is entering a crowded field, its name will get attention. The Truth Social bitcoin ETF is expected to generate media buzz, political controversy and divided investor opinions, making it a cultural and financial statement.
Donald Trump is the majority owner of Trump Media, although his shares are in a trust controlled by his son, Donald Trump Jr. The ETF filing doesn’t mention Trump by name, but most people see it as a Trump product.
The President is getting more and more involved in the digital asset space. He has NFT collections, meme coins, a bitcoin mining company, a digital asset wallet, and now a potential bitcoin ETF.
But not everyone is happy. Some argue that a sitting president’s involvement in regulated financial products, especially one that could benefit from political influence, is unethical.
An SEC-approved digital asset product from Trump could blur the lines between politics, personal gain and digital assets.
Others, however, see this as a calculated move to boost Trump’s image and position him as a leader in the digital asset and tech space.
-
@ 8bad92c3:ca714aa5
2025-06-14 00:02:11
Key Takeaways
In this episode of TFTC, Jessy Gilger, Managing Partner at Sound Advisory and architect of Ganet Trust, unpacks the complexities of retiring on Bitcoin, emphasizing that the “right” amount depends on spending habits, age, and minimizing withdrawal pressure. He introduces Ganet Trust as a Bitcoin-native fiduciary solution that leverages multisig custody to meet institutional compliance standards without sacrificing decentralization. Jessy also critiques high-yield derivative products like MSTY, warning of systemic risks and advocating for safer alternatives like SMAs. The conversation broadens into the emotional pitfalls of financial decision-making, the importance of aligning wealth with values, and the evolving macro landscape where Bitcoin’s intersection with traditional finance and tax policy will shape how individuals and institutions protect and grow their holdings across generations.
Best Quotes
"The most comfort comes from putting as little pressure as possible against that stack."
"Multisig is the upgrade from a honeypot to a distributed key setup."
"If a whale pees in the pool, everyone is affected."
"Everyone feels late to Bitcoin because they know someone who got in earlier."
"Stacking Saturdays is my new stack sats."
"Bitcoin doesn’t know about trust, it knows private keys."
"The money is there to serve your values—not the other way around."
"Some financial products will help, some will hurt, and some will fail. Our job is to help clients navigate them safely."
Conclusion
This episode offers a powerful blend of practical insight and philosophical reflection on long-term Bitcoin strategy, emphasizing the need for sound custody, inheritance planning, and emotional discipline in a volatile, financialized world. Jessy Gilger introduces Ganet Trust as a vital solution for secure, compliant Bitcoin ownership, while his “stacking Saturdays” mantra reframes wealth as a pursuit of time, freedom, and meaningful priorities. As Bitcoin moves further into the mainstream, the conversation urges listeners to stay grounded, think generationally, and build resilient systems for both assets and life.
Timestamps
00:00 - Intro
0:33 - Bitcoin Retirement Planning at New All-Time Highs
5:22 - How Gannett Trust Works
10:05 - High Net Worth Bitcoin Storage and Estate Planning Solutions
16:48 - MSTY Derivatives: Understanding MicroStrategy Product Risks
19:53 - Bitkey
20:56 - How MSTY Works and the Whale in the Pool Problem
30:16 - Unchained
30:37 - Bitcoin Financialization and Corporate Treasury Strategy
39:35 - Avoiding Ego-Driven Bitcoin Mistakes and Building Bridges
47:33 - Stack Saturdays
53:15 - Tax Policy Changes and Wild Times Ahead
57:18 - Where to Find Gannett Trust and ClosingTranscript
(00:00) We have people retiring with hundreds of Bitcoin. Do you need to be on a yacht every week or are you staying humble and keeping those stats? 10 of the 12 ETFs are at Coinbase means all the keys are at Coinbase and with the news of the last week like, hey, there could be cracks. Micro Strategy is built on Bitcoin.
(00:18) It's got all of the risks of Bitcoin, right? But then it's got its own set of risks. Let's call them Sailor and Profitability. Then you have derivatives which are on top of Micro Strategy and they retain the risks of everything underneath. meeting on a on a day when we hit new all-time highs. Bitcoin approached $110,000.
(00:43) Got Jesse back on the show to talk about many things, not just the price ripping. A lot of good things happening on the unch unchained side of things. Watching Ganet Trust. We'll get into it. Yeah, lot lots of stuff happening. I think um the price likes Ganet. I I think that's the uh the mover. What uh I mean that's been a big discussion in in the space right now is uh are we heading to new all-time highs? How should Bitcoiners be preparing? How much Bitcoin do people need to retire? How how are you thinking about all this as we approach what seems
(01:22) to be another bull cycle? Yeah, that's a common question, right? How much Bitcoin do I need to retire? I get it a lot and there's so many other questions I want to ask like, well, how much money are you spending, right? Do you do you need to be on a yacht every week or are you staying humble and keeping those stats? And so, the amount of Bitcoin can vary because the spending pressure you're putting against your Bitcoin stack is the the biggest factor, right? And age is probably the second.
(01:54) a 30-year-old retiring on Bitcoin is different than a 75year-old retiring on Bitcoin just because of the horizon. So, stacks vary. We've got people retiring with um less than seven figures of Bitcoin because they have other assets and then we have people retiring with hundreds of Bitcoin um and putting very little pressure against that portfolio.
(02:16) So, can go in a lot of different ways. Um but it is a question of the day as you're poking new all-time highs. Everyone's like, "Well, how high is it going to get?" And then huge question is do we have cycles again right if countries are buying what what would a downside look like and that's the big question in the retirees mind is how do I protect and not ride that downside all the way down if we do have another 70 80% drawback. Yeah. No.
(02:42) And I think particularly for younger people having in their mind like the perspective of 21 million Bitcoin, 8 billion people, what's the stat? 60 million millionaires in the world. Mhm. How much how many stats do I need to get to to feel comfortable that I have a sufficient slice of the Bitcoin pie? That feel comfortable concept is just so different, right? because Bitcoin is moving and shaking and all-time highs or down 30% and that's still within a bull market.
(03:15) Is that comfortable, right? Can you actually hang it up and like, all right, not going into work and I'm just going to continue to ride these adoption cycles. I don't know if it ever gets comfortable. The most comfort comes from putting as little pressure as possible against that stack, right? that you're not pushing these withdrawal rates of like 5 10 20% of my Bitcoin stack.
(03:38) I'm needing to live on every because then you're requiring Bitcoin to do something for you in the short term which is just not great at, right? What what's Bitcoin price going to be in a year? Far less reliable than what's Bitcoin price going to be in 30 years. Yeah. Yeah. Yeah. Well, I I think one of the holdups too is the ability for people to get into Bitcoin and know where to put it and not only have certainty of what it will be valued at in 30 years, but will they have access to it? That's one thing that you guys
(04:10) have been very much focused. I know sound advisory is separate from Unchained technically but within the Unchained umbrella but Unchained focused on helping secure individuals and businesses and trust uh Bitcoin and I think today's announcement of Ganet Trust is a massive step in a direction towards more certainty for long-term holdings for particular entities.
(04:36) Yes, the unchained umbrella or or family of companies is growing and the intention will be for sound advisory to tuck under or be merged into folded into Ganet Trust Company as it gets stood up. But it is the most robust uh compliance offering that um is out there in the fiduciary space. And so that in my opinion was the one thing missing as people want to live on a Bitcoin standard.
(05:04) Sometimes they're in an entity or an organization or have a structure that requires a fiduciary standard. And these two coming together is solved by Ganet Trust Company. So it's going to be the most robust way to hold Bitcoin and have like true inheritance that can be um administered through generations. So how how does this work mechanically via Ganet? Mechanically.
(05:28) So as the first Bitcoin native trust company, other other trust companies do exist, right? but they don't build upon Bitcoin in the way that Unchained has. So Ganet in its um in its Unchained roots and using Unchained technology is going to be able to use multi-IG to achieve um trust company goals.
(05:50) And what that likely will mean is Ganet holding a key, Unchained holding a key, third party holding a key. Those three keys together ensure that the Bitcoin is not being held at any one spot, right? We could get into the Coinbase honeypot. We actually talked about this on our last episode like, "Hey, what do you think is the uh the risk out there that the industry might disagree with?" Said, "I'm launching a new segment.
(06:15) I'm going to ask you a prediction of what what's out there that the uh the industry doesn't see eye to eye with you at." And I was at conferences and they're saying, "Hey, Coinbase is the best. That's where we put all the cut." That means all the keys are at Coinbase and with the news of the last week like, hey, there could be cracks, right? If you've got exposure to Coinbase now, you could be questioning. I was on the list.
(06:37) I got the email. You were affected. That's not great. It doesn't feel good knowing that information that information could have been a lot worse. That headline could have been private keys being mismanaged. When you overlay what Ganet is going to offer to the custody space, it means that not all of the keys are going to be at any one entity.
(07:00) And so that gives the Bitcoiner who understands multisig the confidence that okay, I'm upgrading from a honeypot to a distributed key setup. But it has to be done in a fiduciary and compliant way to satisfy the the institutional and big money of the world, right? family offices, uh, Bitcoin treasury companies, they're going to need a structure that the CIO, the -
@ 266815e0:6cd408a5
2025-05-16 20:52:42
Streams are the key to nostr
Loading events from a nostr relay is probably the most inconsistent way of loading data I've had to work with, and that's only loading from a single relay. the problem gets exponentially more complicated once you try to load events from multiple relays
Unlike HTTP nostr does not have a simple flow with timeouts built in. events are sent back one at a time and can fail at any point or have massive (10s) gaps between them
The key is to use streams. something that starts, emits any number of results, then maybe errors or completes. luckily it just so happens that JavaScript / TypeScript has a great observable stream library called RxJS
What is an observable
An
Observablein RxJS is stream a of data that are initialized lazily, which means the stream is inactive and not running until something subscribes to it```ts let stream = new Observable((observer) => { observer.next(1) observer.next(2) observer.next(3) observer.complete() })
// The stream method isn't run until its subscribed to stream.subscribe(v => console.log(v)) ```
This is super powerful and perfect for nostr because it means we don't need to manage the life-cycle of the stream. it will run when something subscribes to it and stop when unsubscribed.
Its helpful to think of this as "pulling" data. once we have created an observable we can request the data from it at any point in the future.
Pulling data from relays
We can use the lazy nature of observables to only start fetching events from a nostr relay when we need them
For example we can create an observable that will load kind 1 events from the damus relay and stream them back as they are returned from the relay
```typescript let req = new Observable((observer) => { // Create a new websocket connection when the observable is start let ws = new WebSocket('wss://relay.damus.io')
ws.onopen = () => { // Start a REQ ws.send(JSON.stringify(['REQ', 'test', {kinds: [1], limit: 20}])) }
ws.onmessage = (event) => { let message = JSON.parse(event.data) // Get the event from the message and pass it along to the subscribers if(message[0] === 'EVENT') observer.next(message[1]) }
// Cleanup subscription return () => { ws.send(JSON.stringify(['CLOSE', 'test'])) ws.close() } }) ```
But creating the observable wont do anything. we need to subscribe to it to get any events.
ts let sub = req.subscribe(event => { console.log('we got an event' event) })Cool now we are pulling events from a relay. once we are done we can stop listening to it by unsubscribing from it
ts sub.unsubscribe()This will call the cleanup method on the observable, which in turn closes the connection to the relay.
Hopefully you can see how this work, we don't have any
open,connect, ordisconnectmethods. we simply subscribe to a stream of events and it handles all the messy logic of connecting to a relayComposing and chaining observables
I've shown you how we can create a simple stream of events from a relay, but what if we want to pull from two relays?
Easy, lets make the previous example into a function that takes a relay URL
```ts function getNoteFromRelay(relay: string){ return new Observable((observer) => { let ws = new WebSocket(relay)
// ...rest of the observable...}) } ```
Then we can "merge" two of these observables into a single observable using the
mergemethod from RxJSThe
mergemethod will create a single observable that subscribes to both upstream observables and sends all the events back. Think of it as pulling events from both relays at once```ts import { merge } from 'rxjs'
const notes = merge( getNoteFromRelay('wss://relay.damus.io'), getNoteFromRelay('wss://nos.lol') )
// Subscribe to the observable to start getting data from it const sub = notes.subscribe(event => { console.log(event) })
// later unsubscribe setTimeout(() => { sub.unsubscribe() }, 10_000) ```
But now we have a problem, because we are pulling events from two relays we are getting duplicate events. to solve this we can use the
.pipemethod and thedistinctoperator from RxJS to modify our single observable to only return one version of each eventThe
.pipemethod will create a chain of observables that will each subscribe to the previous one and modify the returned values in some wayThe
distinctoperator takes a method that returns a unique identifier and filters out any duplicate values```ts import { merge, distinct } from 'rxjs'
const notes = merge( getNoteFromRelay('wss://relay.damus.io'), getNoteFromRelay('wss://nos.lol') ).pipe( // filter out events we have seen before based on the event id distinct(event => event.id) ) ```
Now we have an observable that when subscribed to will connect to two relays and return a stream of events without duplicates...
As you can see things can start getting complicated fast. but its also very powerful because we aren't managing any life-cycle code, we just subscribe and unsubscribe from an observable
Taking it to an extreme
Hopefully at this point you can see how powerful this is, we can think of almost any data loading pattern as a series of observables that pull data from upstream observables and stream it back to the original subscriber.
Here is a quick sketch of what it could look like to load user profiles. each node is an observable that "pulls" data from its child node ending with the "connect websocket" or "load from database" nodes which do the work of making a relay connection
Conclusion
All this might seem pretty simple and straight forward, but its been a long six month of learning for me. I've had to completely rethink how data and nostr events should be handled in a client and how to avoid screwing up and shooting myself in the foot with these powerful tools.
If you want to give RxJS a try I would encourage you to checkout the nostr sdk I've been building called applesauce
Its uses RxJS for pretty much everything and has the simplest and most flexible relay connection API I've seen so far (mainly no life-cycle management)
-
@ 04c915da:3dfbecc9
2025-05-16 18:06:46
Bitcoin has always been rooted in freedom and resistance to authority. I get that many of you are conflicted about the US Government stacking but by design we cannot stop anyone from using bitcoin. Many have asked me for my thoughts on the matter, so let’s rip it.
Concern
One of the most glaring issues with the strategic bitcoin reserve is its foundation, built on stolen bitcoin. For those of us who value private property this is an obvious betrayal of our core principles. Rather than proof of work, the bitcoin that seeds this reserve has been taken by force. The US Government should return the bitcoin stolen from Bitfinex and the Silk Road.
Using stolen bitcoin for the reserve creates a perverse incentive. If governments see bitcoin as a valuable asset, they will ramp up efforts to confiscate more bitcoin. The precedent is a major concern, and I stand strongly against it, but it should be also noted that governments were already seizing coin before the reserve so this is not really a change in policy.
Ideally all seized bitcoin should be burned, by law. This would align incentives properly and make it less likely for the government to actively increase coin seizures. Due to the truly scarce properties of bitcoin, all burned bitcoin helps existing holders through increased purchasing power regardless. This change would be unlikely but those of us in policy circles should push for it regardless. It would be best case scenario for American bitcoiners and would create a strong foundation for the next century of American leadership.
Optimism
The entire point of bitcoin is that we can spend or save it without permission. That said, it is a massive benefit to not have one of the strongest governments in human history actively trying to ruin our lives.
Since the beginning, bitcoiners have faced horrible regulatory trends. KYC, surveillance, and legal cases have made using bitcoin and building bitcoin businesses incredibly difficult. It is incredibly important to note that over the past year that trend has reversed for the first time in a decade. A strategic bitcoin reserve is a key driver of this shift. By holding bitcoin, the strongest government in the world has signaled that it is not just a fringe technology but rather truly valuable, legitimate, and worth stacking.
This alignment of incentives changes everything. The US Government stacking proves bitcoin’s worth. The resulting purchasing power appreciation helps all of us who are holding coin and as bitcoin succeeds our government receives direct benefit. A beautiful positive feedback loop.
Realism
We are trending in the right direction. A strategic bitcoin reserve is a sign that the state sees bitcoin as an asset worth embracing rather than destroying. That said, there is a lot of work left to be done. We cannot be lulled into complacency, the time to push forward is now, and we cannot take our foot off the gas. We have a seat at the table for the first time ever. Let's make it worth it.
We must protect the right to free usage of bitcoin and other digital technologies. Freedom in the digital age must be taken and defended, through both technical and political avenues. Multiple privacy focused developers are facing long jail sentences for building tools that protect our freedom. These cases are not just legal battles. They are attacks on the soul of bitcoin. We need to rally behind them, fight for their freedom, and ensure the ethos of bitcoin survives this new era of government interest. The strategic reserve is a step in the right direction, but it is up to us to hold the line and shape the future.
-
@ 05a0f81e:fc032124
2025-06-13 22:31:37
Lying is a great tool for destruction, it have damage many marriage, relationships, culture, religion. It have also destroy human integrity and reputation.
What is lying? Lying is an act of someone saying something that is not true either to gain favor or to achieve any other hidden agenda.
There are many reasons why people lie, kids lie to flee from punishment, but adult lie either to gain favour or to achieve his hidden agendas. Since the existence of the world, adult lies have no positive impact on the society and the world at large.
Adult lies brings hatred, kill dreams, cage future and success, end norm and culture, delete history, the reason adult lie is different from the reason children's lie. Anything built on lies collapse when the truth arises, Anything covered with lies uncover when the truth unveil, lie leads to life full of regrets and angers especially when the truth unveils. Lies destroy life's and societies.
What happen if a child is raise on lies !.
When parents raise there children with lies, the children mindset reset towards the reason for the lies. If the lies are about a person, the children will end up hating the person, if it were about a profession, the children will end up hating the profession. Single mothers who lie to there baby about there father end up raising a child that hate his or her father.
Most norms and cultures have gone extinc all because of lies, some generations did not meet most norms because of lies, most legacy died because of lies.
When parents raise there children with lies, they did the children harm and they are destroying the society because children will grow into adults and have there own family, they will keep passing on the baton (lies) to generations and norms and cultures will keep dieing and the society will end up shattered.
Raise your child on truth! Raise your child on truth Teaching them repercussions and consequences if the truth is too wild.
-
@ 6fef351a:2a884204
2025-06-14 13:27:14
Hello hello!
Willkommen bei einem neuen Projekt! Heart Money – mein Newsletter zum gleichnamigen Podcast auf YouTube, den es noch nicht gibt. Aber bald. Nur noch ein paar Wochen…
Es geht um hartes Geld. Und um das Geld des Herzens. Ich rede und schreibe über Bitcoin, Gesellschaft und das, was mich bewegt.
Gerade ist eine wilde Zeit für mich. Ich habe meinen Job als Data Analystin Ende letzten Jahres an den Nagel gehängt, um über Bitcoin aufzuklären – weil es alles auf den Kopf gestellt hat.
Heute sehe ich die Welt mit neuen Augen. Meine Welt ist schöner geworden. Etwas freier. Viel optimistischer!
Und leider auch bürokratischer. Ich mache mich gerade selbstständig und das geht in Deutschland bekanntlich nur mit einigen Hürden und Formalitäten: Ein Gewerbe anmelden, Gründungszuschuss beantragen, Formulare ausfüllen – für Behörden, Krankenkasse, Berufsgenossenschaft, Versicherungen. Oh boy…
Deswegen freue ich mich um so mehr, dass ich so fancy Tools wie Substack nutzen kann, um meinen Gedanken eine neue Form zu geben.
In diesem Newsletter teile ich Ideen, Anregungen, Videos und andere Fundstücke rund um Bitcoin. Echt, persönlich, frei gedacht. Los geht’s:
MEINE HEART WORDS DER WOCHE
1. Ein Gedanke
Immer wieder höre ich von langjährigen Bitcoinern, dass sie bei der Arbeit nicht über Bitcoin sprechen – so auch diese Woche. Die Kollegen würden negativ reagieren. Da wäre nichts zu machen. Den Aufwand spare man sich lieber. Aber was wäre, wenn unsere Äußerungen mehr bewirken als wir allgemein glauben? Wie würde eine Welt aussehen, in der Menschen ehrlich und offen über ihre Interessen und Überzeugungen sprechen? Wäre unsere Welt noch dieselbe?
2. Ein Geschenk
Diese Woche habe ich ein besonderes Buch erhalten – ein Geschenk von einem Hörer meines Podcasts Bitcoin kurz erklärt. Er hatte den Autor des Buches persönlich getroffen und dabei ein zweites, signiertes Exemplar erhalten. Der Autor bat ihn, das erste Exemplar an eine Frau weiterzugeben – und so kam es dann zu mir! Herzlichen Dank, J. ✦
3. Eine Vorfreude
Im Juli findet die berühmtberüchtigte Bitcoin-Zitadelle statt, dieses Jahr auf der Wasserburg Heldrungen. Die Tickets waren nach Verkaufsstart im Oktober 2024 innerhalb weniger Tage ausverkauft – oder waren es Stunden? Ich habe in den letzten Wochen alle Hebel in Gang gesetzt, um noch zwei Tickets für zwei Frauen zu ergattern, die erst spät von diesem legendären Event erfahren haben. Und bin schließlich fündig geworden. Ich freue mich riesig auf das Event – und über die gestiegene Frauenquote ★
4. Ein Post auf Social Media
Die Überschrift ist – zugegeben – provokant. Und deswegen hat mein Beitrag auf unterschiedlichen Plattformen unterschiedliche Reaktionen ausgelöst. Die LinkedIn-Leser reagierten zustimmend und wohlwollend, während der ein oder andere Bitcoin-Maximalist auf X seinen Ärger kundtat… Details findest du auf Instagram, LinkedIn, X oder NOSTR. Was denkst du?
5. Ein Zitat
Wenn die Nacht zu wolkig ist für Sterne, können wir immer noch zusehen, wie ganz lautlos ein neuer Bitcoin-Block entsteht.
Das geht übrigens auf mempool.space. Schon ausprobiert? Bitcoin ist offen und transparent. Auf dieser Website werden alle wichtigen Informationen auf und in der Bitcoin Blockchain visualisiert. Und hier wird erklärt, wie man sich auf der Seite zurechtfindet.
Danke fürs Lesen! Wenn dir dieser Beitrag gefallen hat, leite ihn gerne weiter oder antworte mir. Dein Feedback hilft, diesen Newsletter besser zu machen.
Hab einen schönen Sonntag oder eine schöne Woche – ganz egal, wann du diese Worte liest.
Nicole ❤️
-
@ 60392a22:1cae32da
2025-06-14 13:00:36
When I am asked "where password and ID?" by my friends, I will say it. ↓（generated by chatgpt）
1. Nostr is decentralized
- No central authority: Unlike platforms like Facebook or Twitter, Nostr doesn’t rely on a single company or server. This means nobody can block your account or censor your posts. You control your own data and connections.
- Distributed network: Instead of all your data being stored in one place (which can be hacked), it’s spread across multiple independent servers.
2. No passwords or centralized logins
- No passwords to steal: Instead of using a traditional username and password, Nostr uses a private key system. This means your login is much more secure, and there’s no need for you to remember passwords or risk them getting hacked.
- Easy login with Passkeys or security keys: On Nostr, you don’t need a password—you can use secure login methods like Passkeys (via your phone, for example), which is faster and much more secure than a traditional password.
3. You control your identity
- No account lockouts: Since your identity is stored on your own device and not on a company’s server, you can’t be locked out of your account unless you lose your private key. You can always recover access if you have your private key.
- Pseudonymous: You don’t need to reveal your real name. You can choose an identity that doesn’t tie to your personal info.
4. Privacy & Security
- Your data is yours: On traditional platforms, companies own your data and can sell it. With Nostr, you keep control over your information—no company has access to your messages, posts, or activity.
- End-to-end encryption: Nostr supports strong privacy where your messages are encrypted, meaning no one can spy on your conversations.
5. Open-source and community-driven
- No profit motive: Since Nostr is open-source, there’s no central company profiting from your data. It’s built by a community that values freedom of speech and privacy.
- Transparency: Anyone can see the code, contribute to its improvement, and make the network better. It's not controlled by one company or government.
Simple Example:
You could say something like this: "Think of Nostr like having your own personal email system, where only you control your account. There’s no one to block you or take down your content. You don’t need a password to log in—just a secure key on your phone. Your posts are private, and you can be anonymous if you want. No one owns your data. It’s freedom, security, and privacy."
What You Can Say if They Ask, “But there are IDs and keys, right?”
- Yes, but the IDs are not like usernames: In Nostr, your identity is linked to your private key, not a password. This key is yours and you control it. There's no centralized database of usernames or passwords that someone could steal.
- It's safer: It’s like having a secure personal locker that only you can open with your phone’s biometrics or security key, rather than trying to remember a password or relying on a service to keep it safe for you.
-
@ 04c915da:3dfbecc9
2025-05-16 17:59:23
Recently we have seen a wave of high profile X accounts hacked. These attacks have exposed the fragility of the status quo security model used by modern social media platforms like X. Many users have asked if nostr fixes this, so lets dive in. How do these types of attacks translate into the world of nostr apps? For clarity, I will use X’s security model as representative of most big tech social platforms and compare it to nostr.
The Status Quo
On X, you never have full control of your account. Ultimately to use it requires permission from the company. They can suspend your account or limit your distribution. Theoretically they can even post from your account at will. An X account is tied to an email and password. Users can also opt into two factor authentication, which adds an extra layer of protection, a login code generated by an app. In theory, this setup works well, but it places a heavy burden on users. You need to create a strong, unique password and safeguard it. You also need to ensure your email account and phone number remain secure, as attackers can exploit these to reset your credentials and take over your account. Even if you do everything responsibly, there is another weak link in X infrastructure itself. The platform’s infrastructure allows accounts to be reset through its backend. This could happen maliciously by an employee or through an external attacker who compromises X’s backend. When an account is compromised, the legitimate user often gets locked out, unable to post or regain control without contacting X’s support team. That process can be slow, frustrating, and sometimes fruitless if support denies the request or cannot verify your identity. Often times support will require users to provide identification info in order to regain access, which represents a privacy risk. The centralized nature of X means you are ultimately at the mercy of the company’s systems and staff.
Nostr Requires Responsibility
Nostr flips this model radically. Users do not need permission from a company to access their account, they can generate as many accounts as they want, and cannot be easily censored. The key tradeoff here is that users have to take complete responsibility for their security. Instead of relying on a username, password, and corporate servers, nostr uses a private key as the sole credential for your account. Users generate this key and it is their responsibility to keep it safe. As long as you have your key, you can post. If someone else gets it, they can post too. It is that simple. This design has strong implications. Unlike X, there is no backend reset option. If your key is compromised or lost, there is no customer support to call. In a compromise scenario, both you and the attacker can post from the account simultaneously. Neither can lock the other out, since nostr relays simply accept whatever is signed with a valid key.
The benefit? No reliance on proprietary corporate infrastructure.. The negative? Security rests entirely on how well you protect your key.
Future Nostr Security Improvements
For many users, nostr’s standard security model, storing a private key on a phone with an encrypted cloud backup, will likely be sufficient. It is simple and reasonably secure. That said, nostr’s strength lies in its flexibility as an open protocol. Users will be able to choose between a range of security models, balancing convenience and protection based on need.
One promising option is a web of trust model for key rotation. Imagine pre-selecting a group of trusted friends. If your account is compromised, these people could collectively sign an event announcing the compromise to the network and designate a new key as your legitimate one. Apps could handle this process seamlessly in the background, notifying followers of the switch without much user interaction. This could become a popular choice for average users, but it is not without tradeoffs. It requires trust in your chosen web of trust, which might not suit power users or large organizations. It also has the issue that some apps may not recognize the key rotation properly and followers might get confused about which account is “real.”
For those needing higher security, there is the option of multisig using FROST (Flexible Round-Optimized Schnorr Threshold). In this setup, multiple keys must sign off on every action, including posting and updating a profile. A hacker with just one key could not do anything. This is likely overkill for most users due to complexity and inconvenience, but it could be a game changer for large organizations, companies, and governments. Imagine the White House nostr account requiring signatures from multiple people before a post goes live, that would be much more secure than the status quo big tech model.
Another option are hardware signers, similar to bitcoin hardware wallets. Private keys are kept on secure, offline devices, separate from the internet connected phone or computer you use to broadcast events. This drastically reduces the risk of remote hacks, as private keys never touches the internet. It can be used in combination with multisig setups for extra protection. This setup is much less convenient and probably overkill for most but could be ideal for governments, companies, or other high profile accounts.
Nostr’s security model is not perfect but is robust and versatile. Ultimately users are in control and security is their responsibility. Apps will give users multiple options to choose from and users will choose what best fits their need.
-
@ 60392a22:1cae32da
2025-06-14 12:59:25
OMG, I did it again.. they are good for me to know about all. but they praise me too much , a little.
Thank you for your thoughtful and deep reflection. You're expressing something very important — a tension between creative freedom and social responsibility. Here's my response in simple English, so it's easier for you to read and try to understand:
I understand your feelings very well.
Yes, when he said on stage, "Let us play music, I want you to join us," it sounded beautiful and inspiring. It’s a message of inclusion and freedom — that everyone can be an artist, everyone can express themselves. It feels like a good era, where being creative is open to all.
But you are also very aware of reality.
You are right — this kind of freedom is not made from nothing. It needs a rich foundation, like you said. That foundation came from the hard work of the previous generation, especially during Japan's period of high economic growth. Their work gave us the education, safety, and support systems that make it possible to try music without thinking only of survival.
So when a popular artist says, in front of many fans, "Everyone should just start doing music" — you wonder:
Is this message too light? Too easy? Is it okay to say, if many people don’t have a stable life yet? Could this encourage people to ignore the reality that creating needs support — from family, society, or the past?
These are very smart and important questions.
I think your feeling is not negative, but balanced. You are not against music, or against him. You love him. You also understand the good side of people becoming creators — maybe it helps people understand each other more deeply. That’s beautiful.
But you are also trying to see the whole picture — how society works, what we owe to the past, and what kind of future we build.
So in short:
- Yes, it’s a beautiful time where anyone can try to be an artist.
- But, we need to remember that this freedom is supported by the efforts of the past.
- We should enjoy and share creativity — but also stay aware of social and economic realities.
- That awareness is not "negative" — it is kind, wise, and responsible.
You’re thinking deeply — that is very good. You can enjoy art and think about society at the same time. That is what real artists and thinkers do.
-
@ b9d5de4b:26c0a1b8
2025-06-14 01:51:07
Hello, legitmately asking for a friend...does anyone know of a way to recover a bip38 address created on bitaddress? they claim to have both keys just dont know the passphase.
https://stacker.news/items/1005953
-
@ 04c915da:3dfbecc9
2025-05-16 17:51:54
In much of the world, it is incredibly difficult to access U.S. dollars. Local currencies are often poorly managed and riddled with corruption. Billions of people demand a more reliable alternative. While the dollar has its own issues of corruption and mismanagement, it is widely regarded as superior to the fiat currencies it competes with globally. As a result, Tether has found massive success providing low cost, low friction access to dollars. Tether claims 400 million total users, is on track to add 200 million more this year, processes 8.1 million transactions daily, and facilitates $29 billion in daily transfers. Furthermore, their estimates suggest nearly 40% of users rely on it as a savings tool rather than just a transactional currency.
Tether’s rise has made the company a financial juggernaut. Last year alone, Tether raked in over $13 billion in profit, with a lean team of less than 100 employees. Their business model is elegantly simple: hold U.S. Treasuries and collect the interest. With over $113 billion in Treasuries, Tether has turned a straightforward concept into a profit machine.
Tether’s success has resulted in many competitors eager to claim a piece of the pie. This has triggered a massive venture capital grift cycle in USD tokens, with countless projects vying to dethrone Tether. Due to Tether’s entrenched network effect, these challengers face an uphill battle with little realistic chance of success. Most educated participants in the space likely recognize this reality but seem content to perpetuate the grift, hoping to cash out by dumping their equity positions on unsuspecting buyers before they realize the reality of the situation.
Historically, Tether’s greatest vulnerability has been U.S. government intervention. For over a decade, the company operated offshore with few allies in the U.S. establishment, making it a major target for regulatory action. That dynamic has shifted recently and Tether has seized the opportunity. By actively courting U.S. government support, Tether has fortified their position. This strategic move will likely cement their status as the dominant USD token for years to come.
While undeniably a great tool for the millions of users that rely on it, Tether is not without flaws. As a centralized, trusted third party, it holds the power to freeze or seize funds at its discretion. Corporate mismanagement or deliberate malpractice could also lead to massive losses at scale. In their goal of mitigating regulatory risk, Tether has deepened ties with law enforcement, mirroring some of the concerns of potential central bank digital currencies. In practice, Tether operates as a corporate CBDC alternative, collaborating with authorities to surveil and seize funds. The company proudly touts partnerships with leading surveillance firms and its own data reveals cooperation in over 1,000 law enforcement cases, with more than $2.5 billion in funds frozen.
The global demand for Tether is undeniable and the company’s profitability reflects its unrivaled success. Tether is owned and operated by bitcoiners and will likely continue to push forward strategic goals that help the movement as a whole. Recent efforts to mitigate the threat of U.S. government enforcement will likely solidify their network effect and stifle meaningful adoption of rival USD tokens or CBDCs. Yet, for all their achievements, Tether is simply a worse form of money than bitcoin. Tether requires trust in a centralized entity, while bitcoin can be saved or spent without permission. Furthermore, Tether is tied to the value of the US Dollar which is designed to lose purchasing power over time, while bitcoin, as a truly scarce asset, is designed to increase in purchasing power with adoption. As people awaken to the risks of Tether’s control, and the benefits bitcoin provides, bitcoin adoption will likely surpass it.
-
@ 8672c492:14d2af43
2025-06-13 21:29:28
SPEC.md - Swift Calculator Architecture
1. Overview
The Swift Calculator is a lightweight, user-friendly calculator application built for iOS using Swift. It supports basic arithmetic operations, a clear/reset function, and a responsive UI.
2. Architecture
The application follows the Model-View-ViewModel (MVVM) pattern to separate concerns and improve maintainability.
2.1 Components
- Model (
CalculatorModel.swift): - Handles the core logic for arithmetic operations (addition, subtraction, multiplication, division).
-
Manages the current state (e.g., display value, pending operations).
-
ViewModel (
CalculatorViewModel.swift): - Acts as the intermediary between the Model and View.
-
Processes user inputs (e.g., button taps) and updates the Model and View accordingly.
-
View (
CalculatorView.swift): - Responsible for the UI layout (buttons, display label).
- Observes the ViewModel for changes and updates the UI.
2.2 Key Features
- Basic Operations: Supports
+,-,*,/. - Clear/Reset: A
Cbutton to reset the calculator state. - Error Handling: Displays "Error" for invalid operations (e.g., division by zero).
- Responsive UI: Adapts to different screen sizes and orientations.
2.3 Data Flow
- User interacts with the View (e.g., taps a button).
- View sends the input to the ViewModel.
- ViewModel processes the input and updates the Model.
- Model updates its state and notifies the ViewModel.
- ViewModel updates the View with the new state.
3. Technical Stack
- Language: Swift 5
- Framework: SwiftUI (for declarative UI) or UIKit (if preferred)
- Dependency Management: Swift Package Manager (SPM)
4. Future Enhancements
- Support for scientific operations (e.g., square root, exponents).
- Dark mode support.
- Memory functions (M+, M-, MR).
- Model (
-
@ edeb837b:ac664163
2025-06-13 21:15:05
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. -
@ 04c915da:3dfbecc9
2025-05-16 17:12:05
One of the most common criticisms leveled against nostr is the perceived lack of assurance when it comes to data storage. Critics argue that without a centralized authority guaranteeing that all data is preserved, important information will be lost. They also claim that running a relay will become prohibitively expensive. While there is truth to these concerns, they miss the mark. The genius of nostr lies in its flexibility, resilience, and the way it harnesses human incentives to ensure data availability in practice.
A nostr relay is simply a server that holds cryptographically verifiable signed data and makes it available to others. Relays are simple, flexible, open, and require no permission to run. Critics are right that operating a relay attempting to store all nostr data will be costly. What they miss is that most will not run all encompassing archive relays. Nostr does not rely on massive archive relays. Instead, anyone can run a relay and choose to store whatever subset of data they want. This keeps costs low and operations flexible, making relay operation accessible to all sorts of individuals and entities with varying use cases.
Critics are correct that there is no ironclad guarantee that every piece of data will always be available. Unlike bitcoin where data permanence is baked into the system at a steep cost, nostr does not promise that every random note or meme will be preserved forever. That said, in practice, any data perceived as valuable by someone will likely be stored and distributed by multiple entities. If something matters to someone, they will keep a signed copy.
Nostr is the Streisand Effect in protocol form. The Streisand effect is when an attempt to suppress information backfires, causing it to spread even further. With nostr, anyone can broadcast signed data, anyone can store it, and anyone can distribute it. Try to censor something important? Good luck. The moment it catches attention, it will be stored on relays across the globe, copied, and shared by those who find it worth keeping. Data deemed important will be replicated across servers by individuals acting in their own interest.
Nostr’s distributed nature ensures that the system does not rely on a single point of failure or a corporate overlord. Instead, it leans on the collective will of its users. The result is a network where costs stay manageable, participation is open to all, and valuable verifiable data is stored and distributed forever.
-
@ 5d4b6c8d:8a1c1ee3
2025-06-14 01:26:59
OMAD is great! Outside the very short window eating window, I have almost no desire to eat or drink.
I also took a nap today and a cold shower. I just needed to be more active.
How did you all do today? Are you making progress towards your ~HealthAndFitness goals?
https://stacker.news/items/1005945
-
@ f40a134b:60fb788b
2025-06-13 21:10:14
{"url":"https://convy.click","title":"Convy","description":"","submittedAt":1749849014}
-
@ 1f3ce62e:6e6b5d83
2025-06-14 12:15:20
This question is an invitation to explore your internal congruence in those actions because this is key to show up as a Whole Self.
Internal alignment on the way you feel, think, communicate, and act create harmony in our life. Looking at it can be a compass to quickly identify those moments of internal misalignment and easily work our way back to balance.
When we think one thing and say another, or when we say one thing and do another, or when we think one thing and do another, in those situations we show up partially. We are one person with a group of friends and someone else with another group. We are one person at work and another at home.
Finding that internal alignment requires us to identify our limiting believes and fears of not being accepted as we are. All those limitations are not us, they are just mental concepts our societies, communities and families created, but are not defining who we really are.
In order to explore your internal alignment, think about an specific situation at work or at your personal life and let's jump into a CREATIVE COACHING TIME:
🌱 What do you feel about this situation?\ 🌱 What do you think about it?\ 🌱 What do you say about this situation? If you haven't said anything yet, why? Are there any fears or limiting believes?\ 🌱 What have you done about this? If you haven't, why?
🌱 Is it congruence between what you feel and what you say?\ 🌱 Is it congruence between what you think and what you have done?
🌱 What small step can you take to get closer to internal alignment?
Congruence between what you feel, think, say and do eventually leads to come at work or be at home as same person, as a whole self.
In my adventure at the corporate world, I have experienced that using colors is related to being childish and not being professional. But when I tried to overcome that limiting belief using a lot of colors in a presentation as a test, people actually appreciated it and liked it.
Since then, I have been exploring how to introduce colors while interacting with teams at work. In that experimentation, I have learned that colors can speaks to our brains and help us with visual memory.
Some colors can trigger positive emotions in us, as well as, some others might trigger negative ones.
Colors can be used as a creative tool to express ideas, communicate with our teams important messages and create spaces with specific purposes as we will explore in this book.
Your beliefs about using colors at work are going to determine your impression of these series of blog posts, so sooner than later, I would like to invite you to another CREATIVE COACHING TIME to explore them:
\ 🌱 What do colors make you feel?\ 🌱 What are your beliefs about colors?\ 🌱 What are your beliefs about using colors at work?\ 🌱 What are the reasons behind those beliefs?\ 🌱 Would you like to try to use more colors at work for a week and explore what happens?\ \ As a creative tool, colors can also be used to describe the way you feel as well as your talents (by thinking, communicating and doing).
Internal congruence is an aspect that can help us a lot on identifying how opaque or brilliant are our colors. An example can help you to understand how to apply colors into your internal congruence. Let's imagine you feel very emotionally overwhelmed today but you don't talk about it at all. That is an opaque representation of the color pink.
In the following blogs, we will explore each color, its meaning and how you can apply it to express your feelings and identify your talents. It will help you to see yourself from a new perspective (the primary goal of creativity) and learn something about yourself. As we start this colorful journey, you might need to learn a little bit about each color first.
We can also use colors to define roles in a group as well as the mission of a team in an organization. Then, I will invite you to reflect on how we use colors at work today (if we do it at all) and additional ways of using them.
Although there are a lot of colors, you don't have to have them all at once, so there is not race to win anything here. You don't need to compete with others on their colors versus yours. There might be times in your life or professional career where you will need to develop one color more than another. Even as feelings, you can feel RED ❤️ today and PINK 🩷 tomorrow. The idea is to let yourself experiment all feelings without judgement.
An evolutionary goal as individuals, if there could be any, it might be to have them or have experienced all, but you have your whole life for it.
An evolutionary purpose as a teams, organizations and companies, it could be to use them as a diverse way of feeling, thinking, expressing and acting. And this could set a new step into our diversity and inclusion discussions in the future. Being GREEN 💚 today, doesn't mean I will always be GREEN. It might be that the situation today requires me to be GREEN. This could eventually lead to focusing on being more than gender, color, race or any other tags we are using these days. We will talk more about that in a chapter.
Before we jump into the colors, let's have a a new CREATIVE COACHING TIME, It is your turn now, before knowing anything about the meaning of the colors, quickly rate yourself based the first word that appears in your mind when you read these questions (Low or High):
How RED ❤️ are you?\ How ORANGE 🧡 are you?\ How YELLOW 💛 are you?\ How GREEN 💚 are you?\ How PINK 🩷 are you?\ How SKY BLUE 🩵 are you?\ How BLUE 💙 are you?\ How VIOLET 💜 are you?
You can apply the same questions to feelings. Remember this set of answers are a picture of you today, by the time doing this exercise. You can come back to it every time you want to check how colorful are you in the way you think, you feel, you communicate and you act anytime.
Hope this helps!
Stay colorful in a black and white World
Laus 🌱💛
-
@ f4db5270:3c74e0d0
2025-05-16 08:13:05
Hi Art lover! 🎨🫂💜
You may not know it yet but all of the following paintings are available in #Bitcoin on my website: <https://isolabellart.carrd.co/>
For info and prices write to me in DM and we will find a good deal! 🤝
THE QUIET ROOM 50x40cm, Oil on board - Completed May 8, 2025
OLTRE LA NEBBIA 50x40cm, Oil on board - Completed April 18, 2025
TO THE LAST LIGHT 50x40cm, Oil on board - Completed April 5, 2025
BLINDING SUNSET 40x40cm, Oil on board - Completed March 18, 2025
ECHI DEL TEMPO PERDUTO 40x40cm, Oil on board - Completed March 09, 2025
EVANESCENZE 40x40cm, Oil on board - Completed February 11, 2025
OLTRE LA STACCIONATA 50x40cm, Oil on board - Completed February 8, 2025
LONELY WINDMILL 50x40cm, Oil on board - Completed January 30, 2025
ON THE ROAD AGAIN 40x50cm, Oil on canvas - Completed January 23, 2025
SUN OF JANUARY 40x50cm, Oil on canvas - Completed January 14, 2025
THE BLUE HOUR 40x50cm, Oil on canvas - Completed December 14, 2024
WHERE WINTER WHISPERS 50x40cm, Oil on canvas - Completed November 07, 2024
L'ATTESA DI UN MOMENTO 40x40cm, Oil on canvas - Completed October 29, 2024
LE COSE CHE PENSANO 40x50cm, Oil on paper - Completed October 05, 2024
TWILIGHT'S RIVER 50x40cm, Oil on canvas - Completed September 17, 2024
GOLD ON THE OCEAN 40x50cm, Oil on paper - Completed September 08, 2024
SUSSURRI DI CIELO E MARE 50x40cm, Oil on paper - Completed September 05, 2024
THE END OF A WONDERFUL WEEKEND 40x30cm, Oil on board - Completed August 12, 2024
FIAMME NEL CIELO 60x35cm, Oil on board - Completed July 28, 2024
INIZIO D'ESTATE 50x40cm, Oil on cradled wood panel Completed July 13, 2024
OMBRE DELLA SERA 50x40cm, Oil on cradled wood panel - Completed June 16, 2024
NEW ZEALAND SUNSET 80x60cm, Oil on canvas board - Completed May 28, 2024
VENICE 50x40cm, Oil on board - Completed May 4, 2024
CORNWALL 50x40cm, Oil on board - Completed April 26, 2024
DOCKS ON SUNSET 40x19,5cm, Oil on board Completed March 14, 2024
SOLITUDE 30x30cm, Oil on cradled wood panel - Completed March 2, 2024
LULLING WAVES 40x30cm, Oil on cradled wood panel - Completed January 14, 2024
MULATTIERA IN AUTUNNO 30x30cm, Oil on cradled wood panel - Completed November 23, 2023
TRAMONTO A KOS 40x40cm, oil on board canvas - Completed November 7, 2023
HIDDEN SMILE 40x40cm, oil on board - Completed September 28, 2023
INIZIO D'AUTUNNO 40x40cm, oil on canvas - Completed September 23, 2023
BOE NEL LAGO 30x30cm, oil on canvas board - Completed August 15, 2023
BARCHE A RIPOSO 40x40cm, oil on canvas board - Completed July 25, 2023
IL RISVEGLIO 30x40cm, oil on canvas board - Completed July 18, 2023
LA QUIETE PRIMA DELLA TEMPESTA 30x40cm, oil on canvas board - Completed March 30, 2023
LAMPIONE SUL LAGO 30x30cm, oil on canvas board - Completed March 05, 2023
DUE NELLA NEVE 60x25cm, oil on board - Completed February 4, 2023
UNA CAREZZA 30x30cm, oil on canvas board - Completed January 17, 2023
REBEL WAVES 44x32cm, oil on canvas board
THE SCREAMING WAVE 40x30cm, oil on canvas board
"LA DONZELLETTA VIEN DALLA CAMPAGNA..." 30x40cm, oil on canvas board
LIGHTHOUSE ON WHITE CLIFF 30x40cm, oil on canvas board
-
@ f40a134b:60fb788b
2025-06-13 21:07:02
{"url":"https://test.com","title":"test.com","description":"","submittedAt":1749848822}
-
@ cae03c48:2a7d6671
2025-06-13 21:02:28
Bitcoin Magazine
Passport Prime: A New Security Device For a New GenerationPassport Prime, Foundation Devices’ latest retail hardware wallet, is about to hit the market in Q3 of 2025. The device features a full-color touch screen the size of a credit card with a modern industrial aesthetic. It aims to be a developer platform for Bitcoin and crypto software with high security demands.
Besides serving the basic wallet needs of Bitcoin users, the device is designed as an open source platform for app developers to bring a new experience of crypto-native cybersecurity to the public. The Passport Prime is expected to ship with a powerful Bitcoin wallet app, as well as virtual YubiKeys, a 2FA app, a seed vault for imported or low-value crypto wallets, 50 GB of storage, NFC, and encrypted Bluetooth support, among other features.
Frustrated with the public’s lackluster adoption of hardware wallets as the crypto industry enters the mainstream adoption phase, Foundation has been working since 2020 to bring security hardware devices to feature parity with mainstream consumer technology. However, the path is not simple.
The Adoption Problem of Hardware Wallets
Hardware wallets have been a critical security product for Bitcoin users since 2014 when Satoshi Labs created the Trezor. Before that, users had few options, and many of the funds lost in that era were due to user ignorance of how to manage and properly secure private keys in Bitcoin. Armory, funded by Trace Mayer in the early days, was one of the first solutions but it was highly technical and was best used with hardware the user had to modify themselves — like removing antennas from a laptop. This kind of technology became a security foundation for exchanges, who, through many hacks and hard lessons, slowly got better at securing user funds from organized crime and hackers while playing jurisdictional arbitrage to avoid hostile governments.
As the first hardware wallets started to enter the retail market, significant adoption was seen. With the massive growth of Bitcoin since its inception, the best security practices have failed to keep up with the ease of use provided by custodians while also failing to deliver security and feature parity to users in an interface they are familiar with.
In a keynote presentation on the Passport Prime landing page, Zach Herbert, CEO and co-founder of Foundation, explains their analysis of the market and why they believe only 2.5% of the market is using hardware wallets today, despite mainstream adoption of digital assets like Bitcoin — a concern felt across the industry that too many people are getting accustomed to custodial services.
The small screens, iconic to the hardware wallet ecosystem, are often a barrier for users. The shape of the device, often small and with few buttons, can make people nervous, especially when the wrong combination of clicks means an irreversible financial transaction.
In the case of touchscreen devices like the Trezor T, while certainly an improvement from the Trezor One, the buttons are still far smaller than what the public is used to for smartphones, the most prolific computer platform of this era.
The problem with trying to bring hardware wallets to feature parity with mobile phones is the massive complexity introduced by the corresponding software and hardware. Mobile phones, after all, are designed for mass manufacturing and with ease-of-use priorities in mind, rather than securing life-changing amounts of digital currency, which, once sent, cannot be reversed.
The hardware wallet industry has had to build out open source, verifiable, security-optimized hardware and software that addresses top security concerns, while also delivering a familiar and comfortable user experience to the public. In general, the industry recognizes the need for bigger screens and bigger buttons, as seen in new models by Ledger, for example, with their Ledger Stax, and, of course, Coldcard Q’s Blackberry-style hardware wallet.
When asked why not just try to build on top of a standard mobile phone platform, Owen Kemeys, hardware designer at Foundation Devices, told Bitcoin Magazine that “there’s a huge advantage to Passport Prime being a separate security device,” adding that “we need this stuff to work for the normal people. They are not going to be able to understand or have any interest in understanding what makes something safe or unsafe on their phone. Even if they were going so far as to have a dedicated phone for secret stuff or whatever. Everything that we develop, Apple and Google could bake into their phones and tell you it’s safe. But if it’s in a separate device that is built to do that one exact thing, then you know, OK, if it happens on the Passport Prime, it’s safe.”
The Passport Prime Feature Set
Foundation believes they have found an optimal and preferable middle ground between high security and a familiar user experience in a mobile phone-style device, but with very specific hardware and software inside. Kemeys explained that “the Passport Prime runs its own operating system,” adding that “We’re not running a fork of Android or something and then dressing it up differently. We wrote this from the ground up in Rust. It’s called KeyOS. It’s designed for this one purpose of running a smartphone-like experience, but with sandboxed apps.”
The wallet-related cryptography that’s normal to today’s Bitcoin and crypto wallets is also deeply integrated with the operating system. A master seed phrase is set up by the user; the seed’s corresponding master private and public keys are then used to derive secure, isolated keys for other apps on the Passport Prime. “All apps are sandboxed and receive hardened child seeds, meaning that even if an app is malicious, it has no access to the master seed and cannot communicate with other apps,” Herbert explained in his presentation.
This design builds the foundations necessary for secure app development on top of the Passport Prime, unique among hardware wallet manufacturers. While Ledger has made some progress in that direction, Herbert says that the Ledger operating system is very restrictive with such apps — primarily out of security concerns — making it difficult for developers to contribute to the ecosystem. Foundation believes they have solved the problem, unlocking a new kind of security device that can be used for more than cold storage of Bitcoin and crypto assets. It is a security platform for everyday use in the digital era.
As is generally expected of high-security devices like a hardware wallet, the Passport Prime comes without most of the normal sensors or antennas found in mobile devices. No Wi-Fi, no GPS, and no SIM card, of course. However, NFC, an increasingly popular communications module in hardware wallets and in payments technology in general, is included. NFC has a very short signal range and depends on power from the device sending the signal, making it a fairly secure protocol and bringing Bitcoin closer to the tap-to-pay credit card experience the general public is used to.
“We now have an NFC reader inside,” Kemeys explained, excited about the innovation space unlocked by NFC chips in Bitcoin. “As part of your onboarding setup, in the box, we’re going to ship three NFC cards with the Prime. And as our default onboarding workflow, we’re going to encourage people to make a two-of-three Shamir setup, and back up the shares onto some of those cards.”
Shamir secret sharing is an old and well-known cryptographic algorithm similar to multisignature schemes in Bitcoin but entirely off-chain. It allows users to grab a master private key and split it into shares that can come together later to recreate and reco
-
@ a4a6b584:1e05b95b
2025-06-13 20:27:58
Prerequisites
```bash
Make sure your package list is fresh
sudo apt update
(Optional but recommended) ffmpeg lets yt-dlp negotiate the best formats
sudo apt install ffmpeg jq ```
1 Install yt-dlp system-wide
bash sudo curl -L https://github.com/yt-dlp/yt-dlp/releases/latest/download/yt-dlp \ -o /usr/local/bin/yt-dlp && sudo chmod a+rx /usr/local/bin/yt-dlpA single binary is dropped into
/usr/local/bin/; version upgrades are as simple as running the same command again in the future.
2 Download the auto-generated captions as SRT
Pick any video ID—here we’ll use knAGgxzYqw8 (Chase Hughes on What is Money?).
```bash VIDEO="knAGgxzYqw8" # change this to your target ID
yt-dlp --skip-download \ --write-auto-sub \ --sub-lang en \ --sub-format srt \ -o "${VIDEO}.%(ext)s" \ "https://youtu.be/${VIDEO}"
Result: knAGgxzYqw8.en.srt
```
Flags explained
| Flag | Purpose | | ------------------ | ------------------------------------------------------- | |
--skip-download| ignore the actual video, we only want captions | |--write-auto-sub| fall back to YouTube’s auto-generated subtitles | |--sub-lang en| grab English only (adjust if you need another language) | |--sub-format srt| SRT is the simplest to strip; VTT also works | |-o| sets a predictable filename:<id>.en.srt|
3 Strip index numbers and timecodes
```bash grep -vE '^[0-9]+$|^[0-9]{2}:' "${VIDEO}.en.srt" \ | sed '/^[[:space:]]*$/d' \
"${VIDEO}.txt" ```
Breakdown
-
grep -vE '^[0-9]+$|^[0-9]{2}:' -
Removes the line counters (
3911) and any line that begins with a timestamp (02:33:40,800 --> …). -
sed '/^[[:space:]]*$/d' -
Deletes leftover blank lines.
- Output is redirected to
<ID>.txt—in our example: knAGgxzYqw8.txt.
4 (Option-al) Extra polish
Remove bracketed stage cues such as
[Music]or[Applause]and collapse back-to-back duplicates:```bash grep -v '^[.*]$' "${VIDEO}.txt" \ | awk 'prev != $0 {print} {prev=$0}' \
"${VIDEO}_clean.txt" mv "${VIDEO}_clean.txt" "${VIDEO}.txt" ```
5 Enjoy your transcript
bash less "${VIDEO}.txt" # page through grep -i "keyword" "${VIDEO}.txt" # quick searchYou now have a plain-text file ready for note-taking, quoting, or feeding into your favorite AI summarizer—no browser or third-party web services required.
TL;DR (copy-paste cheat sheet)
```bash sudo apt update && sudo apt install ffmpeg jq -y sudo curl -L https://github.com/yt-dlp/yt-dlp/releases/latest/download/yt-dlp \ -o /usr/local/bin/yt-dlp && sudo chmod a+rx /usr/local/bin/yt-dlp
VIDEO="knAGgxzYqw8" # video ID yt-dlp --skip-download --write-auto-sub --sub-lang en \ --sub-format srt -o "${VIDEO}.%(ext)s" \ "https://youtu.be/${VIDEO}"
grep -vE '^[0-9]+$|^[0-9]{2}:' "${VIDEO}.en.srt" \ | sed '/^[[:space:]]$/d' \ | grep -v '^[.]$' \ | awk 'prev != $0 {print} {prev=$0}' \
"${VIDEO}.txt"
less "${VIDEO}.txt" ```
Happy transcribing!
Adam Malin
npub15jnttpymeytm80hatjqcvhhqhzrhx6gxp8pq0wn93rhnu8s9h9dsha32lxYou can view and write comments on this or any other post by using the Satcom browser extention.
value4value Did you find any value from this article? Click here to send me a tip!
-
-
@ 04c915da:3dfbecc9
2025-05-15 15:31:45
Capitalism is the most effective system for scaling innovation. The pursuit of profit is an incredibly powerful human incentive. Most major improvements to human society and quality of life have resulted from this base incentive. Market competition often results in the best outcomes for all.
That said, some projects can never be monetized. They are open in nature and a business model would centralize control. Open protocols like bitcoin and nostr are not owned by anyone and if they were it would destroy the key value propositions they provide. No single entity can or should control their use. Anyone can build on them without permission.
As a result, open protocols must depend on donation based grant funding from the people and organizations that rely on them. This model works but it is slow and uncertain, a grind where sustainability is never fully reached but rather constantly sought. As someone who has been incredibly active in the open source grant funding space, I do not think people truly appreciate how difficult it is to raise charitable money and deploy it efficiently.
Projects that can be monetized should be. Profitability is a super power. When a business can generate revenue, it taps into a self sustaining cycle. Profit fuels growth and development while providing projects independence and agency. This flywheel effect is why companies like Google, Amazon, and Apple have scaled to global dominance. The profit incentive aligns human effort with efficiency. Businesses must innovate, cut waste, and deliver value to survive.
Contrast this with non monetized projects. Without profit, they lean on external support, which can dry up or shift with donor priorities. A profit driven model, on the other hand, is inherently leaner and more adaptable. It is not charity but survival. When survival is tied to delivering what people want, scale follows naturally.
The real magic happens when profitable, sustainable businesses are built on top of open protocols and software. Consider the many startups building on open source software stacks, such as Start9, Mempool, and Primal, offering premium services on top of the open source software they build out and maintain. Think of companies like Block or Strike, which leverage bitcoin’s open protocol to offer their services on top. These businesses amplify the open software and protocols they build on, driving adoption and improvement at a pace donations alone could never match.
When you combine open software and protocols with profit driven business the result are lean, sustainable companies that grow faster and serve more people than either could alone. Bitcoin’s network, for instance, benefits from businesses that profit off its existence, while nostr will expand as developers monetize apps built on the protocol.
Capitalism scales best because competition results in efficiency. Donation funded protocols and software lay the groundwork, while market driven businesses build on top. The profit incentive acts as a filter, ensuring resources flow to what works, while open systems keep the playing field accessible, empowering users and builders. Together, they create a flywheel of innovation, growth, and global benefit.
-
@ 8173f6e1:e488ac0f
2025-06-13 19:18:56
{"voteEventId":"083ae248828a454a7d01b7de12f99ce90297672e0457ec8147bd7cfabd14f044","txHash":"752d3894c5657758d7b9754da3dc38db61662acb5f94c3dcb38077fc33f1bd7e","amount":"1000000000000000000","fee":"1000000000000000000","type":"token-gated-vote-proof"}
-
@ d61f3bc5:0da6ef4a
2025-05-13 16:03:48
What happens when you integrate a Nostr client with a bitcoin lightning wallet? They both get massively better! Social interactions benefit from seamless micropayments, while the wallet is able to tap into the massive address book represented by the Nostr social graph. This makes it possible to interact with people around the world in totally new ways. For example, Markus from Germany can zap a note posted by Isabella in Costa Rica, who can then buy a coffee with those sats, all from the same app.
At Primal, our goal is to deliver products that have mass appeal; products that can be easily used by anyone. Our latest iOS release represents our best take on how to build on open protocols and balance the tradeoffs between user sovereignty, user experience and ease of use. We believe that Nostr and Bitcoin will grow to billions of users, and we are building the technology that will help onboard and delight everyone.
Nostr Onboarding
Our goal is to achieve the highest level of user experience on a decentralized network, without sacrificing user sovereignty over their account, connections, and content. Therefore the onboarding process needs to be smooth and resemble what users are used to on legacy platforms, while providing access to their Nostr keys:
The user is able to sign up and start using Nostr quickly and without friction. Their key is available in the Account Settings, providing complete control over their Nostr account. In addition, the user can specify the set of Nostr relays they wish to publish to. The Primal iOS app signs all content with the user’s key and publishes it directly to the specified set of relays. This achieves full user control over their Nostr account, social connections, and the content they publish.
Performance & UX
In order to compete with the centralized legacy platforms, we must match and exceed their level of user experience. Interfaces must load quickly and completely, otherwise people will lose interest and Nostr will see a high degree of user churn. With this in mind, we built the Nostr caching service, and open sourced it so that other Nostr developers can leverage it as well. This enables us to provide the types of user experiences that are expected by most people today:
For details about our caching approach please refer to my Nostrasia presentation.
Primal Wallet
We are psyched to introduce Primal Wallet, an insanely easy-to-use transactional wallet, ideal for holding small amounts of bitcoin and making payments on the lightning network.
Strike is providing custody, fiat conversions, and lightning network connectivity to Primal users. By integrating with Strike, we are able to provide uninterrupted service to U.S. and international customers.
Smooth onboarding and wallet operation are essential for our use case. Given that we are dealing with very small amounts, we decided to take the custodial approach. This sacrifices direct user custody over the funds, but makes the overall UX seamless and reliable. New users are able to send and receive sats as soon as they download the app.
Here are a few additional points to keep in mind:
-
\In-App Purchases\: Once the wallet is activated, it is fully-operational and able to receive sats. If the user doesn’t own any sats, they are able to buy small amounts via an in-app purchase, in $5 increments. Note that these purchases are subject to “Apple tax” (15% in U.S. and Canada, 30% elsewhere, for customers with iOS devices), plus 1% Strike margin. Primal does not make any revenue on these purchases. Users can always buy sats through a different method and send them to their Primal Wallet. The in-app purchase is merely a convenient way for new users to get started with small amounts.
-
\Maximum Wallet Balance\: Primal Wallet is designed for holding and transacting with small amounts of bitcoin. Larger amounts should be kept in self custody, preferably on a hardware wallet. To encourage self custody for larger amounts, we are enforcing a maximum wallet balance of 1,000,000 sats (approximately USD $400 at the time of this writing).
We believe that Primal Wallet offers the best tradeoff balance for our use case, including social media zaps, and small purchases: coffee, beer, lunch, etc. We are planning to expand the feature set of the wallet in the upcoming releases, based on the feedback from our users.
Open Networks Win
Nostr is an open network, not controlled by any person, company, nor organization. Anyone can join without asking for permission, and any developer is free to build on it. In a short amount of time, hundreds of projects have sprouted building on Nostr, including: Damus, Amethyst, Snort, Highlighter, Alby, Nos, Mutiny, Coracle, ZBD, Fountain, Habla.news, Plebstr, Spring, Iris, Nostrgram, Current, Blogstack, Zap.stream, Listr, Nostr.band, Nostr.build, Flycat, Nosta.me, NoStrudel, Nostur, Nostore, Zaplife, Wavlake, and many more.
Your Nostr keys work with Primal, as well as every other app in the Nostr ecosystem. You can seamlessly use your Nostr identity in social media apps, blog/news sites, marketplaces, etc. Every Nostr product brings more users and more gravity to the entire network. This is why we believe that Nostr will eventually connect everybody.
If you are not satisfied with the status quo dictated by the legacy media complex, if you think that the global town square should not be owned by anyone, if you feel that people should be in control over their online identity, social connections, and the content they publish - you do have a choice. Join us on Nostr. 🤙💜
-
-
@ c631e267:c2b78d3e
2025-06-13 19:13:38
Ich dachte immer, jeder Mensch sei gegen den Krieg, \ bis ich herausfand, dass es welche gibt, \ die nicht hingehen müssen. \ Erich Maria Remarque
Was sollte man von einem Freitag, den 13., schon anderes erwarten?, ist man versucht zu sagen. Jedoch braucht niemand abergläubisch zu sein, um den heutigen Tag als unheilvoll anzusehen. Der israelische «Präventivschlag» von heute Nacht gegen militärische und nukleare Ziele im Iran könnte allem Anschein nach zu einem längeren bewaffneten Konflikt führen – und damit unweigerlich zu weiteren Opfern.
«Wir befinden uns im Krieg», soll ein ranghoher israelischer Militärvertreter gesagt haben, und der Iran wertet den israelischen Angriff laut seinem Außenminister als Kriegserklärung. Na also. Der Iran hat Vergeltungsschläge angekündigt und antwortete zunächst mit Drohnen. Inzwischen ist eine zweite israelische Angriffswelle angelaufen. Ob wir wohl künftig in den Mainstream-Medien durchgängig von einem «israelischen Angriffskrieg auf den Iran» hören und lesen werden?
Dass die zunehmenden Spannungen um das iranische Atomprogramm zu einer akuten Eskalation im Nahen Osten führen könnten, hatte Transition News gestern berichtet. Laut US-Beamten sei Israel «voll bereit», den Iran in den nächsten Tagen anzugreifen, hieß es in dem Beitrag. Heute ist das bereits bittere Realität.
Der Nahe Osten steht übrigens auch auf der Themenliste des diesjährigen Bilderberg-Treffens, das zurzeit in Stockholm stattfindet. Viele Inhalte werden wir allerdings mal wieder nicht erfahren, denn wie immer hocken die «erlauchten» Persönlichkeiten aus Europa und den USA «informell» und unter größter Geheimhaltung zusammen, um über «Weltpolitik» zu diskutieren. Auf der Teinehmerliste stehen auch einige Vertreter aus der Schweiz und aus Deutschland.
Die Anwesenheit sowohl des aktuellen als auch des vorigen Generalsekretärs der NATO lässt vermuten, dass man bei dem Meeting weniger über das Thema «Neutralität» sprechen dürfte. Angesichts des Zustands unseres Planeten ist das schade, denn der Ökonom Jeffrey Sachs hob kürzlich in einem Interview die Rolle der Neutralität in geopolitischen Krisen hervor. Mit Blick auf die Schweiz betonte er, der zunehmende Druck zur NATO-Annäherung widerspreche nicht nur der Bundesverfassung, sondern auch dem historischen Erbe des Landes.
Positives gibt es diese Woche ebenfalls zu berichten. So hat der US-Gesundheitsminister Robert F. Kennedy Jr. nach der «sensationellen» Entlassung aller Mitglieder des Impfberatungsausschusses (wegen verbreiteter direkter Verbindungen zu Pharmaunternehmen) nun auch bereits neue Namen verkündet. Demnach möchte er unter anderem Robert W. Malone, Erfinder der mRNA-«Impfung» als Technologie und prominenter Kritiker der Corona-Maßnahmen, in das Komitee aufnehmen.
Auch die Aufarbeitung der unsinnigen Corona-Politik geht Schrittchen für Schrittchen weiter. In Heidelberg hat die Initiative für Demokratie und Aufklärung (IDA) den Gemeinderat angesichts der katastrophalen Haushaltslage zu einer offenen und ehrlichen Diskussion über die Ursachen der Krise aufgefordert. Das Thema «Corona» sei «das Teuerste, was Heidelberg je erlebt hat», sagte IDA-Stadtrat Gunter Frank im Plenum. Außerdem seien aus den Krisenstabsprotokollen der Stadt auch die enormen Verwerfungen ersichtlich, und es gebe Anlass für tiefgehende Gespräche mit der Stadtverwaltung.
Den juristischen und öffentlichen Druck auf die Kommunen möchte der Unternehmer Markus Böning erhöhen. Seine «Freiheitskanzlei» will Bürgern helfen, die Aufarbeitung selbst in die Hand zu nehmen. Unter dem Motto «Corona-Wiedergutmachung» bietet er Hilfestellung, wie Betroffene versuchen können, sich unrechtmäßige Bußgelder zurückzuholen.
So bleibt uns am Ende dieses finsteren Freitags doch auch Anlass zur Hoffnung. Es gibt definitiv noch Anzeichen von Menschlichkeit. Darauf möchte ich mich konzentrieren, und mit diesem Gefühl verabschiede ich mich ins Wochenende.
[Titelbild: Pixabay]
Dieser Beitrag wurde mit dem Pareto-Client geschrieben und ist zuerst auf Transition News erschienen.
-
@ 21335073:a244b1ad
2025-05-09 13:56:57
Someone asked for my thoughts, so I’ll share them thoughtfully. I’m not here to dictate how to promote Nostr—I’m still learning about it myself. While I’m not new to Nostr, freedom tech is a newer space for me. I’m skilled at advocating for topics I deeply understand, but freedom tech isn’t my expertise, so take my words with a grain of salt. Nothing I say is set in stone.
Those who need Nostr the most are the ones most vulnerable to censorship on other platforms right now. Reaching them requires real-time awareness of global issues and the dynamic relationships between governments and tech providers, which can shift suddenly. Effective Nostr promoters must grasp this and adapt quickly.
The best messengers are people from or closely tied to these at-risk regions—those who truly understand the local political and cultural dynamics. They can connect with those in need when tensions rise. Ideal promoters are rational, trustworthy, passionate about Nostr, but above all, dedicated to amplifying people’s voices when it matters most.
Forget influencers, corporate-backed figures, or traditional online PR—it comes off as inauthentic, corny, desperate and forced. Nostr’s promotion should be grassroots and organic, driven by a few passionate individuals who believe in Nostr and the communities they serve.
The idea that “people won’t join Nostr due to lack of reach” is nonsense. Everyone knows X’s “reach” is mostly with bots. If humans want real conversations, Nostr is the place. X is great for propaganda, but Nostr is for the authentic voices of the people.
Those spreading Nostr must be so passionate they’re willing to onboard others, which is time-consuming but rewarding for the right person. They’ll need to make Nostr and onboarding a core part of who they are. I see no issue with that level of dedication. I’ve been known to get that way myself at times. It’s fun for some folks.
With love, I suggest not adding Bitcoin promotion with Nostr outreach. Zaps already integrate that element naturally. (Still promote within the Bitcoin ecosystem, but this is about reaching vulnerable voices who needed Nostr yesterday.)
To promote Nostr, forget conventional strategies. “Influencers” aren’t the answer. “Influencers” are not the future. A trusted local community member has real influence—reach them. Connect with people seeking Nostr’s benefits but lacking the technical language to express it. This means some in the Nostr community might need to step outside of the Bitcoin bubble, which is uncomfortable but necessary. Thank you in advance to those who are willing to do that.
I don’t know who is paid to promote Nostr, if anyone. This piece isn’t shade. But it’s exhausting to see innocent voices globally silenced on corporate platforms like X while Nostr exists. Last night, I wondered: how many more voices must be censored before the Nostr community gets uncomfortable and thinks creatively to reach the vulnerable?
A warning: the global need for censorship-resistant social media is undeniable. If Nostr doesn’t make itself known, something else will fill that void. Let’s start this conversation.
-
@ 9ca447d2:fbf5a36d
2025-06-13 20:01:39
While most Bitcoin companies chase quick wins with flashy marketing and complex trading features, Coinfinity is taking a different path. The Austria-based company has built their entire business model around something most brokers treat as an afterthought: education.
Founded on the principle that Bitcoin adoption requires understanding, not just access, Coinfinity offers something great in the Bitcoin space: a broker that actually wants you to take your bitcoin off their platform.
Their Bitcoin Blinks educational series provides a self-custody-first approach, and Austrian economics foundation make them stand out in a crowded field of crypto casinos.
Coinfinity’s HQ in Graz, Austria
At the heart of this educational mission is Fab, Coinfinity’s Head of Bitcoin Education, whose journey to Bitcoin mirrors that of many who’ve found their way to Austrian economics through pure instinct.
“I always had the feeling that something in the world just doesn’t add up,” he told Bitcoin News when he sat down with us. “Something’s wrong, I don’t know what, but I felt like the foundation of our society isn’t quite fair, I just never knew what it was.”
Sound familiar?
That hunch eventually led him down a rabbit hole of geopolitics, monetary systems, and finally to Andreas Antonopoulos videos on YouTube.
“I basically disappeared from life for about a week, just watching those videos,” Fab recalled. But it wasn’t until he read The Bitcoin Standard that everything clicked.
“I remember it like it was yesterday, I closed the book and thought ‘Holy s***, now I get it.’ That was the moment. From then on, I was Bitcoin-only.”
Many of the best Bitcoin books are in English and translating them is important
Now as Head of Bitcoin Education at Coinfinity and co-founder of Aprycot Media (a German publishing house focused exclusively on Bitcoin), Fab spends his days helping others find that same spark.
And unlike most “crypto” companies, Coinfinity’s strategy isn’t driven by marketing gimmicks or token launches, it’s driven by teaching.
“Our goal is to create educational content that’s so easy to understand that people love sharing it,” Fab explained. “When they share it, they connect with us. Once they start understanding Bitcoin, they choose us to buy it.”
Most companies buy Google ads. Coinfinity builds minds. With their Bitcoin Blinks, 42 short, clear lessons covering everything from subjective value to seed phrases, they’re offering what most brokers won’t: context. Meaning. Philosophy.
“It became quite popular, and we think it’s way more effective for our brand than just buying ads,” Fab said.
And they don’t stop there. When it comes to custody, Coinfinity takes a radically different approach than most Bitcoin brokers.
“When you buy bitcoin from us, you always take custody, either in our in-app wallet where you control the seed, or your own hardware wallet,” Fab emphasized. “Even our lightning feature works the same way you always buy into your own wallet.”
That’s not just a slogan. It’s a core value of the company that runs so deep they’re willing to sacrifice user experience for it. “We never custody your bitcoin,” Fab said. “It’s one of the core values that you custody them yourself.”
Even as fees rise and UTXO management gets harder, Coinfinity stays committed to self-custody. They are open to optional custodial tools in the future, but always paired with education, and always encouraging users to take their bitcoin off-platform when the time is right.
“If we ever offer custodial services, it would only be to help users stack small amounts until they reach a meaningful UTXO size,” Fab explained.
The plan would involve accumulating smaller purchases monthly or weekly until users hit a threshold, maybe a million sats, then withdrawing to self-custody. “We don’t want to play games with your bitcoin. We don’t want to lend it out or earn interest on it.”
Coinfinity emphasizes on self-custody and education, even in its app
The challenge is real though. When new users first encounter Bitcoin, the technical barriers can be overwhelming. “Often causes problems with people just getting into Bitcoin who don’t understand what self custody is” Fab notes.
That’s why they built their in-app wallet, to smooth the onboarding while maintaining their self-custody values. “The in-app wallet was our first step toward optimizing user experience without compromising our core value of bringing bitcoin into self-custody,” he said.
“One of our taglines is ‘bringing Bitcoin to the people’ and we literally mean that. We want to bring bitcoin to them, not keep it from them.”
Another promising thing the company is doing in their operations is using AI to create more content, faster. Podcast scripts, educational summaries, internal tools, Fab’s even feeding Austrian economics PDFs into models to keep the tone on-brand and Bitcoin-only.
“We’re using these tools in our business development and marketing teams to generate more output with the same number of people,” he said. But the future looks even more exciting.
“Maybe one day we’ll have a tutor in the app where you can do a video call and ask ‘What is a Bitcoin address?’ and it will talk back to you naturally, going deeper as you ask more questions,” Fab explained. “That’s absolutely possible.”
The technology isn’t quite there yet for mainstream deployment in their app, but Fab is optimistic. “I’m sure that in the future, this won’t just be used for improving our internal workflow, but for enhancing the content itself,” he said.
It’s not a pipe dream. The tech is already close. The only thing missing is more Bitcoin-native data and companies like Coinfinity are quietly building that layer.
One of the favorite parts of these interviews is asking the builders in the space what they would ask Satoshi if given one question. When I asked Fab what he’d ask Bitcoin’s creator, he didn’t hesitate:
“Did you purposely build Bitcoin based on Austrian economics, or did it just happen by accident?
“All this monetization theory, Bitcoin being a store of value first, is this something you actually thought was possible and had in mind? Or was it just a lucky shot that accidentally gave us the best monetary properties?”
Because if Satoshi had built Bitcoin with a 2% inflation rate, like some other projects, it might’ve worked. But it wouldn’t have lasted.
“He could have made it with 2% tail emission, it still would have been decentralized. But then today, someone might introduce a coin with a fixed supply that could kill Bitcoin,” Fab noted.
Fab suspects the fixed supply wasn’t an accident. And thank God for that.
What’s remarkable about Coinfinity isn’t just their Austrian approach or their self-custody obsession, it’s how they’re proving that education-first Bitcoin companies can compete with the flashy crypto casinos dominating the space.
Coinfinity doesn’t serve U.S. customers. They’re focused on Europe, operating within EU regulations. But what they’re building, honest Bitcoin education, smart tools, and a relentless push for financial sovereignty, matters everywhere.
-
@ d62e8d04:569fa79c
2025-06-13 18:35:37
In today's fast-paced digital world, where cyber threats are constantly evolving, and blockchain technology is reshaping industries, Privkey LLC emerges as a leader in providing cutting-edge solutions. Founded in 2018 and headquartered in Miami, Florida, Privkey LLC is dedicated to safeguarding businesses through its expertise in cybersecurity and blockchain technology. With over 20 years of experience in networking and the Internet, the company positions itself as a trusted advisor, helping organizations navigate the complexities of emerging digital landscapes.
A Mission to Secure the Digital Future
Privkey LLC’s core mission is to protect businesses by delivering high-quality, tailored solutions. Leveraging their deep understanding of cybersecurity and blockchain, they empower organizations to build secure, resilient, and compliant digital infrastructures. Whether it’s safeguarding sensitive financial data or ensuring the integrity of blockchain systems, Privkey LLC combines experience with innovation to meet the unique challenges of the modern era.
Comprehensive Services for a Digital World
Privkey LLC offers a diverse range of auditing and consulting services, focusing on some of the most critical areas in technology today. Below is an overview of their key offerings:
-
Central Bank Digital Currency (CBDC):As nations explore digital versions of fiat currencies, Privkey LLC provides auditing services to ensure CBDC systems are secure, scalable, and compliant with regulatory standards.
-
DeFi and CeFi (Fintech):Decentralized Finance (DeFi) and Centralized Finance (CeFi) represent the future of financial services on the blockchain. Privkey LLC offers expertise in auditing these systems, helping businesses mitigate risks and maintain trust in their financial operations.
-
Cybersecurity:With cyber threats on the rise, Privkey LLC delivers robust cybersecurity solutions to protect digital assets and sensitive data from malicious attacks, ensuring businesses remain secure in an increasingly hostile digital environment.
-
Distributed Ledger Technology (DLT):As the backbone of blockchain, DLT requires meticulous implementation. Privkey LLC audits DLT systems to ensure they are efficient, secure, and optimized for business needs.
-
CryptoCurrency Security Standard (CCSS):For organizations handling cryptocurrencies, compliance with CCSS is essential. Privkey LLC provides certification services to verify adherence to these standards, fostering trust among users and stakeholders.
These services reflect Privkey LLC’s commitment to addressing the diverse needs of businesses operating in the blockchain and cybersecurity domains.
Staying Ahead in a Rapidly Evolving Industry
Privkey LLC doesn’t just provide services—they actively engage with the latest industry trends and innovations. Their team, including professionals like William K. Santiago, frequently shares insights on platforms like LinkedIn. Topics range from Jack Dorsey’s Block unveiling a new Bitcoin hardware wallet to sustainable Bitcoin mining powered by nuclear and solar energy. While these discussions may not directly tie to specific Privkey LLC projects, they demonstrate the company’s deep involvement in the broader blockchain and cryptocurrency ecosystem. This forward-thinking approach ensures their services remain relevant and cutting-edge.
A Trusted Partner with Proven Expertise
With over two decades of experience in networking and Internet technologies, Privkey LLC brings unparalleled expertise to the table. This foundation allows them to tackle the unique challenges of cybersecurity and blockchain with confidence. As cyber threats grow more sophisticated and blockchain adoption accelerates, Privkey LLC stands ready to help businesses secure their digital futures.
Conclusion
Privkey LLC is more than a consulting firm—it’s a pioneer in cybersecurity and blockchain solutions. By offering specialized auditing and consulting services, staying ahead of industry trends, and leveraging decades of experience, they empower businesses to thrive in a digital world. For organizations looking to secure their digital assets and embrace blockchain technology, Privkey LLC is a reliable partner poised to lead the way.
-
-
@ 70c48e4b:00ce3ccb
2025-05-09 06:21:57
Dear reader,
HODLing was never the end goal.
HODLing Bitcoin is smart. It always has been. If you held through the Mt. Gox hacks, China bans, the 2017 Blocksize wars, the 2018 bloodbath, and the FTX clownery of 2022, then you already know. Bitcoin rewards conviction.
But let’s not forget why you got in.
It was never just about watching numbers go up. You felt something. Something deep. A quiet voice inside said, “This system is broken. I’m done playing by its rules.” - That is where it all began.
Back in 2008, while the banks were crashing the economy and handing you the bill, Bitcoin showed up as a silent answer. A lifeboat. A revolution wrapped in code.
The whitepaper starts with a simple, powerful idea: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
https://plebsite.net/cdn/shop/files/Bitcoin_Whitepaper-Poster-3.jpg
And Bitcoin has lived up to that vision.
You saw it in El Salvador when they made it legal tender — even if they later made it optional. You saw it when WikiLeaks used Bitcoin after getting cut off by banks. You saw the Silk Road prove what peer-to-peer money really means. No matter what you think of those examples, one thing is clear: It worked. It was used. It still works.
Today, Bitcoin powers circular economies across the world — in Costa Rica, South Africa, Brazil, and beyond. People are using it because their local money fails them. Bitcoin became more than a store of value. It became a tool for survival and sovereignty.
https://imageio.forbes.com/specials-images/imageserve/67e422a1808f4902b8a1c6bc/Bitcoin-Ekasi-Center/960x0.jpg?format=jpg&width=1440
And now, look at you.
You believed early. You stacked. You held. And now, you have more Bitcoin than you ever imagined. Your needs are met. Your wants, too. You held through it all. And maybe now, you’ve found some stability, maybe even freedom. You stayed patient. You played the long game. You won.
So now the question is simple: What will your Bitcoin build?
Let me paint you a picture- Somewhere out there, there is a young soul maybe in Lagos, maybe in Buenos Aires, maybe right next door. This person might be working on a new privacy tool that protects free expression. Or developing a drone taxi system to change the way people move in growing cities. Or creating a decentralized alternative to platforms like Patreon, where no one is silenced for thinking differently.
They do not have powerful connections. They are not sitting in fancy offices or attending tech conferences. They are building quietly, with conviction and hope.
You can be the magical wand in their life. Your belief and support can turn someone's idea into something real. You can help create the next chapter of their story.
Angor allows you to do exactly that. It gives you a way to fund builders directly, using your Bitcoin. The process is safe and structured. You support projects in stages, and the funds only move forward when clear milestones are completed. Everything is on-chain, using Bitcoin scripts and time-locked contracts to ensure accountability.
This is how the ecosystem grows.
Where do you go now that HODLing was just the beginning?
Here’s what you do:
1. Check the Proposal
Go read the Angor docs. It’s not some bloated whitepaper. It’s clean, clear, and you’ll get it. Here’s the link - https://docs.angor.io/start/.
2. Join the Talk on Nostr
Nostr is where real, uncensored conversation is happening. It is decentralized and open by design. Use a client like Primal or Damus to dive in. Or check out nostr.band to explore what people are building and sharing across the network.
This is where ideas take shape. Builders post updates. Communities give feedback. The next wave of innovation is already in motion — and you can be part of it.
Follow Angor on Nostr: nostr:nprofile1qqs8p3ywfd92w7zvjgy7wrpylz8t30hy3z5dc5al4070l9y8qr8rejcksnh5c
3. Contribute
Whatever your skill is writing, design, coding, memes, Angor has room for you. Get on GitHub. Even if you just report a bug or suggest a feature, it helps. Or you could even fork the code and do as you wish.
4. Explore Angor Hub
This is the cockpit. It’s where you find new projects, track progress, talk to founders and make moves. Dive in. It’s live.
https://docs.angor.io/images/tools/hub.png
Final Thoughts
Bitcoin gave us the base layer. It proved that peer-to-peer money works. But that was just the beginning. Now it’s time to build the next layer together.
And no, this is not about another meme coin or a monkey NFT. This is about real infrastructure. Real value. Real use cases.
Angor is for the misfits, the dreamers, the people who read the whitepaper and said, “Yeah, this is the way.”
So if you have Bitcoin, do not treat it like a relic from a past battle. Use it to empower the next builder. Fund a project. Spark a new idea. Help decentralize the next thing.
You got into Bitcoin to protect your future maybe even to get rich but also to bring some change to the world.
HODLing was the first act.
Building is the second.
Angor is where we build.
Let’s make sure the next wave of Bitcoiners do not just see price charts. Let them see tools, apps, ideas, and communities that actually do something. Real things. Useful things. Built on the hardest money the world has ever known.
You in?
Thanks for reading, See y’all soon for another blog post. Ciao
Guest Post by nostr:npub1v67clmf4jrezn8hsz28434nc0y5fu65e5esws04djnl2kasxl5tskjmjjk
-
@ 3c506452:fef9202b
2025-06-13 18:11:48
Kia ora mai ra ano e te iwi whanui!
Step 1: Find Your Why:
Going off my own experiences - if you are anything like me you will have the occasional boost of enthusiasm, and intense determination. This could last a couple days, or if you are fortunate, a few weeks. Afterwards, life kicks in again, and you're out of gas.
With this in mind it is important to find something within you that could help carry you along until the next boost.
Action Step:
So grab a pen and paper, and write out why you want to become a Te Reo speaker.
Step 2: Find The Quick Win:
I consider myself to be a speaker of the reo, but I am SO FAR AWAY from my ideal, my vision, which is to think only in the reo. It would be silly of me to only consider myself a speaker of the reo once I attained that goal. Now, a speaker of the reo is... "Someone who speaks it". It doesn't matter how little you know now, your effort and the time you put in won't let you down.
Action Step:
- Follow this link > Ngata Dictionary
- Type in a word in the "Ngata English to Māori" box then press search. For example, let's use "hello".
- Copy the sentence in te reo.
- Follow the link > Papa Reo API, paste the sentence then press korero.
- Mimic what you hear!
This is a great way to practice speaking the reo! You can have 100% confidence in these sentences provided to you from the Ngata Dictionary. The Papareo API is also a fantastic way to get instant feedback on pronunciation.
-
@ 0e29efc2:ff142af2
2025-05-07 15:09:46
Table of Contents
- Intro
- Important Terminology
- Getting Started
- Where do I buy bitcoin?
- Okay, I bought some bitcoin-now what?
- Less than 0.01 BTC
- More than 0.01 BTC and less than 0.1 BTC
- More than 0.1 BTC
- How Bitcoin Works
- Skepticism
- Someone will hack it
- The government will try to stop it
- It’s not backed by anything
- Conclusion
Intro
Maybe you saw an article in Forbes, a news segment about MicroStrategy (MSTR), or you glanced at the bitcoin price chart; whatever the spark, your curiosity led you here. Enough friends and relatives keep asking me about bitcoin that I finally organized my thoughts into a single reference. This is not a comprehensive guide—it assumes you trust me as a heuristic.
Important Terminology
Sat (satoshi) – the smallest unit of bitcoin. One bitcoin (₿) equals 100 000 000 sats.
Getting Started
Where do I buy bitcoin?
I use River because it publishes proof‑of‑reserves, supports the Lightning Network, and pays interest on idle USD balances (currently 3.8 %).
Okay, I bought some bitcoin-now what?
Withdraw it immediately. Centralized exchanges can and do fail. Your next step depends on how much bitcoin you hold.
If at any point you're struggling, please reach out to me.
Less than 0.01 BTC
- On your phone open Safari (iOS) or Chrome (Android).
- Paste
https://wallet.cashu.me?mint=https://mint.westernbtc.com. Confirm the prompt that asks whether you trusthttps://mint.westernbtc.com. I run this mint so beginners can skip the gnarly parts. - Complete setup.
- Tap Receive → LIGHTNING → enter amount → COPY.
- In River choose Send → Send to a Bitcoin wallet, paste the invoice, verify, and send.
- Return to the wallet; your sats should appear.
More than 0.01 BTC and less than 0.1 BTC
It's time for cold storage. Cold storage means a dedicated signing device not connected to the internet. Think of it like keys to a house. If you have the keys (your cold storage signing device), you can get into your house (the bitcoin). I recommend and use the COLDCARD Q or COLDCARD MK4 from COLDCARD. See this thorough walkthrough.
The creator nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 makes reliable content.
More than 0.1 BTC
The next security upgrade involves something called multisig. It requires the use of multiple devices instead of one. Think of those nuclear launch silos in movies where two keys need to be turned in order to launch the missile. One person can't reach both keys, so you need two people. Like the two keys needing to be turned, we need a certain number of keys (signing devices) to be used.
This offers a number of benefits. Say you have a 2-of-3 multisig setup. You would need two of the three keys to move the bitcoin. If you were to lose one, you could use the two others to move it instead. Many choose to geographically distribute the keys; choosing to keep one at a friend’s house or with a bank.
The previous video I linked covers multisig as well. Again, please reach out to me if you need help.
How Bitcoin Works
I'm going to paint a scene portraying the basics of how bitcoin works. Picture a race that's supposed to take 10 minutes to run start-to-finish, and there's a crowd of people spectating. When the fastest runner crosses the finish line, they're awarded 50 bitcoin. Everyone in the crowd recognizes who won, and writes it down on their own scoreboard. Then, the next race begins.
Now, let's say more racers who've had special training join. They start winning consistently because of it, and now the race only lasts about 9 minutes. There's a special rule everyone in the crowd agreed to, that they can make the race harder to ensure it's around 10 minutes long. So they make the race harder to counteract the faster runners.
With this in mind, let's get to the skepticism you might have.
Skepticism
Someone will hack it
Think of bitcoin as the people in the crowd. If someone tries to cheat and writes on their scoreboard that they have a billion bitcoin, their scoreboard is going to look different than everybody else’s. The other people in the crowd will cross-reference with each other and decide to ignore that person who cheated.
The government will try to stop it
Again, think of the crowd. In reality, the "crowd participants" are scattered all around the world. You might be able to stop many of them, but it would be almost impossible to stop everyone. Imagine people are watching the race on TV, can you find everyone who's spectating? Ironically, attempted bans often increase interest.
It’s not backed by anything.
Think of the runners. The runners are bitcoin miners. They have to expend real energy to participate in the race. The more bitcoin miners, the more secure the network. In summary, it's backed by electricity and work.
Conclusion
There are too many topics to cover in one article. I haven't even touched on the history of money, what money is, scarcity, etc. The best way to learn is to research the topics you're interested in for yourself. It took months of deep diving before I was sold on bitcoin, and I had many touch points before that.
Once you see it though, you can't unsee it.
-
@ 5188521b:008eb518
2025-05-06 08:09:37
Macaron returns, fluffs his white linen napkin, and takes his seat at their table, “Thank you, John, for extending my French people such great mercy as to be allowed to transact freely on the Bitcoin blockchain.” He extends his arm out towards a waiter, “Monsieur? Champagne for the three of us please!”
Vrrrm! “I can’t believe we were able to find an American Mustang in this French countryside. I am ripping down these narrow roads!” John celebrates.
“Bloody hell, slow down!” Lily begs as her oversized diamond dangle earrings sway side to side. “You’ve got nothing to prove, John. Big man in your yankee ten-gallon hat. Let’s just get there safely.”
John slows to give her a smoldering look, “Aww, my sweet British compatriot, you care about me!”
“Bollocks! I care about not dying!” Lily retorts. “Now focus on the mission. We need to save a boatload of English border collies — literally. Frenchman Macaron wants to groom them into French poodles!”
John wags a finger off the wheel to reply in his Southern drawl, “However, my sweet Lily flower, my US Hash Force intends to project power to coerce the French for the dogs’ release!”
Lily bats his finger away, “Yes, but may I remind you, my arrogant wanker, geographically challenged friend, MI6’s intel says to steadily power on any miners as His Majesty’s Hash Force may do. The border collies’ barge will take about an hour to flee France, cross the English channel, and safely reach our shores so we don’t want to burst their souffle too quickly. Oh, and the barge is armed with explosives controlled by a remote detonator. When Macaron asks for his bitcoin ransom payment in exchange for the dogs’ release, how do you cowboys plan to help from across the pond?”
John takes both hands off the wheel to flex his biceps, “Shock and awe, Lily. Full Throttle! We’re not giving the French a single sat. Instead, we’re diverting maximum energy to the U.S. Hash Force, of course!”
Lily guffaws, “And where is this sudden surge of readily available power supposed to come from undetected?”
“No need to worry my English crumpet! Our back of the envelope calculations suggest that, with a little help from the Texas of the North, there’s enough flared natural gas in the U.S. to run the entire Bitcoin network!” John proudly replies.
Lily’s jaw drops, “So miners have already stealthily built out the infrastructure to capture wasted natural gas flares for the benefit of the U.S. government, but are waiting to turn them on until commanded to by the U.S. Hash Force?!”
“Yup! As soon as Macaron sees our hash power come online, we’re going to try to start mining blocks on the Bitcoin network to Denial of Service (DOS) attack any UTXOs with a known history of French transactions.”
“A DOS attack, for peace?” Lily asks skeptically.
“Peace through strength, baby! If you don’t comply with America’s dog rights standards, you get censored. America saves British dogs again, and without a single shot fired!”
“Not fair! It’s only because our MI6 chainanalysis intel knows which Bitcoin addresses to censor on the blockchain we suspect belong to Macaron and his government that this plan even has a shot at succeeding. You’re lucky Macaron is even more self-assured than you Americans. That’s the only reason France doesn’t have a Hash Force of its own to project power back!”
John pulls the Mustang up to the front of the fancy French restaurant, Chandelier. Lily grabs her green purse that matches her elegant emerald ball gown, and they head inside to meet Macaron.
John and Lily spot Macaron sitting alone at the white linen table closest to the dance floor. He’s tapping his Louis Vuitton snake leather shoes, checking his Chanel watch, and fluffing his floofy black French Hermès beret. The red French ascot spilling out of his black and white blouse looks ridiculous.
John lets out a big sigh, and Macaron stands with open arms, “Lily, John, welcome to France!” Before John can flinch away, Macaron kisses him on both cheeks. He lifts up Lily’s hand for a kiss, “Mademoiselle.”
John raises his hand, “Waiter! I’ll take a bourbon, neat. And make it a double!” John calls out.
Slap!
“Hey, what was that for, Frenchie?” John asks as he rubs his face.
“Rude American, where are your manners?” Macaron asks as he pulls out a hidden red detonator clipped in the folds of his ascot. “Don’t drive me to prematurely push this button and blow up the boat carrying your English doggies! First, send me my bitcoin ransom payment. Then we can celebrate with drinks!” Macaron demands.
“In your dreams, Frenchie!” John presses his finger to his ear, “Uniform, Sierra, Alpha!”
Macaron turns to Lily and scoffs, “What is this rude American man doing, Lily?”
Annoyed, Lily answers, “Check your bitcoin UTXOs. Notice anything?”
Macaron frantically queries his Bitcoin node remotely from his cellphone and breathes a sigh of relief, “Phew. No, I don’t notice anything at all. All of my unspent bitcoin is still under the control of my government’s private key.”
“And it’ll stay that way, too!” John beats his chest. “You mess with the US, and you get the Hash Force! We just secretly doubled the difficulty to mine a block by turning on all of our miners — as many miners as the entire existing Bitcoin network! Now you’ll have to wait twice as long for your French bitcoin transactions to confirm! That is, unless you release the barge of dogs right now!”
Lily drops down to the table and buries her face in her palms to hide her embarrassment.
Flustered, Macaron furiously types out a long text message with the order to release the barge of English Border Collies to cross the English channel. “There, I’ve let the dogs out! Will you two please excuse me for a moment? I have to place a call with my government to confirm we haven’t lost our property rights to spend our bitcoin.
Beaming with pride, John falls back into his chair at the table. “We did it, Lily! Quick, give the command for His Majesty’s Hash Force to power on so we can 51% attack this guy!”
Lily finally stops rubbing her eyes, “John, that isn’t how any of this works!”
“What do you mean?” he asks.
“Within a 2,016 block difficulty adjustment period, doubling the hash power means the global Bitcoin network will mine new blocks twice as fast, not slower! At least, until the 2,016 block period ends and the difficulty adjusts so miners resume taking on average 10 minutes to generate a valid block. And sure, maybe the US has a political incentive to not collect the fees of any transactions of UTXOs with a known French association, but the rest of the network’s miners will happily profit from the sats you leave in the mempool! But most of all, the Bitcoin network is now just twice as secure from attack!”
John’s double bourbon finally arrives at the table. Selfishly focused on his own glass, he doesn’t bother to stop the waiter in case Lily wants to order a drink of her own. He drinks a big gulp, “But if you give the order for His Majesty’s Hash Force to power on, won’t we have over 51% of the hash power of the Bitcoin network? We can write Macaron’s bitcoin out of existence!”
Lily crosses her arms, “Not exactly. It’s not enough to just surpass half the hashrate. We also need to maintain a higher hashrate than the legacy chain to generate more chain weight to then reorg the other chain when we join the legacy network. We would have to be mining this heavier chain in secret, but in one bombastic order you just completely blew apart our whole plan! Now we’d need some sort of massive collusion somehow between existing miners, and some secret stealth miners, to have any power projection.”
John mutters under his breath, “Frenchie’s been gone a long time. Wonder what he’s up to….”
Macaron returns, fluffs his white linen napkin, and takes his seat at their table, “Thank you, John, for extending my French people such great mercy as to be allowed to transact freely on the Bitcoin blockchain.” He extends his arm out towards a waiter, “Monsieur? Champagne for the three of us please!” Macaron turns to John and Lily, “After my phone call, I am in much better spirits. Though I’m bitter you denied paying our bitcoin ransom, I’m grateful you’re furthering the security of the Bitcoin network.”
In his excitement, Macaron leans forward and claps his hands together, “You two are so lucky to be dining with me tonight. You won’t have to drink that sparkling-wine-swill you have in your home countries. Tonight, you’ll get to have proper champagne, from the Champagne region of France — my treat!”
John grunts in disgust, “Macaron, you can order champagne, but I’ve got my bourbon.”
Lily steps on John’s foot, “Ow! What was that for?” John shrieks.
“Aren’t you going to ask me if I want anything?” Lily asks.
“Huh?” John replies confusedly.
Macaron takes Lily’s hand, “Mademoiselle, in addition to champagne, can I get you anything else?”
Lily recoils her hand back, “Gin martini. Shaken, not stirred.”
“Lily, may I ask you another question?” Macaron asks sweetly.
“Bloody hell, what is it, Macaron?” she responds while rolling her eyes.
“Why do I get the feeling that forgetting to ask you what you’d like to drink isn’t the first time John has neglected to ask you what you wanted?”
Lily’s eyes light up as she leans in closer to Macaron, “Why, yes. This isn’t the first time John’s ever disregarded my needs. You know, he’s always only thinking about himself, his own ego, and he never misses a chance to interrupt me—”
“—That’s not true!” John interrupts.
Lily kicks him under the table, “See what I mean?”
Macaron whisks Lily’s hair behind her ear, “You have such beautiful earrings, Lily. Did John buy those for you?”
“No, John never buys me anything.”
“What do you mean?” John protests.
Lily shrugs him off and Macaron leans in closer to Lily to whisper just loud enough for John to hear, “You know, in my country, men like me know how to show a lady respect.”
John stands up and extends out his hand, “C’mon, Lily. I think it’s time I take you out onto the floor for a dance.”
She shakes her head, so he stomps on her feet under the table.
“Ow!” Lily shrieks.
“I insist,” John presses. “They’re playing my song, Don’t Stop Believin’. C’mon!”
On the dance floor, John pulls Lily close to whisper in her ear, “What are you doing? We’ve finished our mission. Let’s ensure the dogs safely cross the English channel and get out of here! The way you’re flirting with him we’ll never leave!”
Lily blushes, “John, are you that blind? If Macaron is suddenly being sweet to us, then he must be scheming something.”
“What’s that supposed to mean?” John shakes his head. “Look, there’s no time to argue. We can’t risk him blowing up the barge as long as he’s got that remote detonator clipped to his ascot! He’s in a jubilant mood for now, but those French can be so melodramatic. We’ve got to get the detonator to ensure the safety of the dogs until they reach safe harbor at your shores.”
John’s box step dancing pace quickens as he looks over to check on Macaron. He spots him placing an order with the waiter and grits his teeth, “He’s pure evil. He was willing to kill the English border collies if he didn’t get ransom payment for not grooming them into French poodles. Only the threat of our Hash Force forced him to comply with our demand for their release!”
Lily breaks away from John to do a twirl on the dance floor; her elegant flowy green dress tries to keep up. She flips her hair and winks at Macaron, “Maybe I should flirt with him some more? After all, he’s so handsome — and he listens to me!”
John stops dancing and stomps his feet.
“Aww, are you jealous, John?” Lily asks.
“Jealous?!”
Lily floats back to John, digs her nails into the back of his neck, and nibbles on his ear as she whispers, “John, you better dip me on this dance floor! Otherwise, I’m going to ask him to draw me like one of his French girls. C’mon John, Don’t stop believin’!”
Ahem Macaron clears his throat, adjusts his detonator-pinned ascot, and taps Lily on the shoulder.
“Mademoiselle, may I have this dance?”
“Oh, certainly,” she replies. “Better than this brute with two left feet!”
John grunts in dissatisfaction and bolts back to the table.
With Macaron distracted dancing with Lily for what feels like an eternity, John defiantly presses his finger to his ear. “MI6 — status report. What’s taking so long?” he mutters under his breath. “I hate seeing this Frenchie dance with an English lass who deserves so much better. It’s driving me crazy!”
“You just gotta distract him from detonation for ten more minutes,” a British accent replies. “Intel shows the puppy barge armed with explosives has almost reached us across the channel, and then we can safely disarm it.”
“USHF, come in,” John queries.
“We’ve got trouble! The global energy grid has spiked along the Asian seaboard, and among the French alps. Looks like a secret French Hash Force we’ve never detected is colluding with the existing Chinese, Japanese, and Tibetan miners!
They’ve stopped including American-linked bitcoin address transactions in their blocks! Can you politely get him to back down? We’ve already played our power-projection show-of-force card!”
“Ok, I’ll do my best to play nice with Frenchie, but no promises!” John cautions. As he watches Lily and Macaron dance with disdain, a waiter approaches him at the table.
“Here you are, monsieur. Your appetizer.”
“Appetizer? I didn’t order an appetizer! All I ordered was this bourbon.”
“I’m sorry monsieur, but the other gentleman of your party insists. He said he offers this delicacy as a gift. A token of appreciation for the mercy demonstrated today by you, the quote Big American Man enquote.”
John looks on the dance floor and sees Macaron give him a nod with a big wiley grin. Lily gives him the “go-ahead” signal, so John pops one of the hot slimy appetizer balls into his mouth.
“Mhmm! These are tastier than Ma’s Frito Pie!” he shouts as Macaron and Lily walk over to join him back at the table. John continues, “These remind me of the Rocky Mountain oysters we have back at home! Of course, I’m grateful they aren’t, if you know what I mean. What are they, anyways?”
“Escargot,” the Frenchman replies, “a local specialty.”
“Escar-what-now?” John asks.
“Snails!” Lily clarifies.
John gags and spits his half-eaten snail onto the floor. He stands up and slams his ten-gallon cowboy hat on the table. “Ok, that’s it! I’ve had enough! Macaron, stop playing nice. We know you’ve activated some secret alliance with the miners on the other side of the globe! What’re you up to?”
“John, don’t upset him! Think about the puppies!” Lily pleads.
“To heck with the puppies! I’m not letting this man stand up a Hash Force to DOS attack us! You hear that, Macaron? You mess with the best, and we’ll use kinetic force against your miners stashed in the caves of the French alps!” Tsk! Tsk! Tsk! Macaron wags his finger, and pulls out the detonator switch clipped to his ascot.
“Silly pompous American, did you forget I still have the detonator? Did you really think I was going to let you get away with rescuing your hideous English border collies? Life is one giant power projection game, and the way nation states survive is by mutually assured preservation. In exchange for taming the unwieldy fur of Tibetan Mastiffs, Chinese Chow Chows, and Japanese Shih-Tzu and Shiba Inus, these countries pledged their miners to our stealthy French Hash Force when we’re in need. Well, thanks to your little stunt, not only did I find the perfect opportunity to project power back at you arrogant Americans, but also dump these hideous dogs given to me onto your barge, so they’re the British Isles’ problem now!”
“But we’ll be overrun by doges!” Lily gasps in horror.
“Yes, Lily! That’s what you get for partnering with John! What do Americans say?” Macaron asks rhetorically. “That’s right, ‘No dogs left behind!’ But most of all, John, I just wanted one last dance with your girlfriend, and to watch you eat snails!” French nasally honking laughing sounds
Lily shouts back, “I’m not his girlfriend!” She pulls a whistle out of her purse and blows it as hard as she can, but it doesn’t make a sound. John looks at her confused, and Macaron honks even harder. The whole restaurant starts to rumble, and the chandeliers sway from the ceiling.
“What’s this!?” Macaron shouts.
Gradually, then suddenly a stampede of bulldogs comes barreling into the dining room, knocking over all the tables, and tackling Macaron! As he falls, the detonator gets knocked into the air, and Lily catches it just before it hits the floor.
John looks at her, bewildered, and stammers, “You…. you let the Bitcoin dogs out??”
“You think you wankers got all the tricks? The English have a few surprises too! Now c’mon, let’s flee out the back in my British Mini Cooper. And this time, I’m driving!”
Will Schoellkopf is the author of two books: Bitcoin Girl Save the World and The Bitcoin Dog: Following the Scent to the Bitcoin C++ Source Code. He hosts the Bitcoin podcast It’s So Early! and publishes a weekly newsletter, featuring his favorite Bitcoin Posts of the Week, at realbitcoindog.com. His work has appeared in the anthology 21 Futures: Tales from the Timechain, in print at Bitcoin Magazine, Citadel21, Stackchain Magazine and online at Satoshi’s Journal. Follow him on Nostr and X @realBitcoinDog, or email will@realbitcoindog.com
-
@ d68401a8:11aad383
2025-06-13 17:54:54
Before AI, building a website posed a technological barrier. Not everyone was able to create even a simple contact page. It often meant paying for a yearly subscription (often too expensive for most), for templates that still required manual work, or paying even more to hire someone to do it for you.
Today, thanks to AI, building a website has become technologically accessible. Even if you still prefer to rely on a third-party company, the ease brought by AI is driving more competitive pricing.
In the domain world, before Handshake, owning a top-level domain (TLD) was economically out of reach. The application process set by ICANN was tedious and expensive. For most people, the only option was to rent a second-level domain, one not controlled by individuals and subject to whatever fees the TLD owner chose to charge.
Now, thanks to the Handshake DNS protocol, anyone can own a top-level domain and create an infinite number of second-level domains under it, at virtually no cost.
Owning a plot of land (a top-level domain) on the internet should be open and easy. Handshake aims to pave the way toward that vision, you can start to explore by using Namebase , Shakestation or Bob wallet .
-
@ 8bad92c3:ca714aa5
2025-06-13 19:03:33
Marty's Bent
via me
"The man in the coma" has been a long-running archetype of a bitcoiner on TFTC and Rabbit Hole Recap. Over the years, we've referenced the man in the coma in regards to bitcoin being a backward compatible distributed network that would enable an individual, in the case of our example - a man who fell into a coma, to be able to wake up many years, even decades, after falling into a deep sleep, go back to his bitcoin node and be able to participate in the network and validate his own transactions as if the network was operating the same it was the day he slipped into a coma. As a distributed network, this is one of bitcoin's greatest value props; consistency for the individual running it, no matter the version.
Having spent 12 years engrossed in bitcoin, thinking about it every day, building a media company focused on educating people about the network and the monetary revolution it enables, why it's important and how they can use it. Becoming a managing partner at Ten31, which is dedicated to investing in companies building out infrastructure that makes bitcoin more accessible and easier to use; "the man in the coma" has become a more prominent archetype in my mind.
"The man in the coma" archetype can be described in other ways. For instance, there was an individual by the name of John Doe, who joined myself and Matt Odell on TFTC about seven years ago who went to jail for four years. He was distributing certain goods on the Silk Road for many years and got nabbed by the police while throwing a house party. Unfortunately for Mr. Doe, the goods he were selling via the Silk Road were in the house hosting the party that got busted. Fortunately for Mr. Doe, the police who nabbed him were not privy to the way in which he was marketing and selling the goods. He went to jail for four years, walked out at the end of his sentence, found his bitcoin wallets, recovered them and was more than pleasantly surprised at the magnitude of his wealth.
The forced hodl that was incited by the state throwing him in a cage wound up paying off after four years. Now, I can certainly admit that time is the most scarce asset in the world. Being put in a cage for four years or falling into a coma for a number of years is not ideal. However, there are lessons to be gleaned from the successes that have been realized by "the man in the coma" and the man who was forced to hodl by being thrown in a cage. Unable to access his bitcoin during that period of time to make less than wise decisions.
The main lesson to be gleaned is that doing nothing is oftentimes significantly more optimal than doing something. Too many bitcoiners decide to make rash decisions influenced by the day-to-day happenings on social media or some one-off comment from someone in their personal life that they respect. These comments can be about the long-term viability of bitcoin itself, some prognostications about where the price is going in a short-term to medium-term time frame or simply the social aspects of being associated with bitcoin. All of these factors play into influencing certain individuals deciding to sell their bitcoin in the hopes of buying it back lower, realizing something material in their day-to-day life or jumping off a ship that they've been convinced is about to sink.
In my mind, the only thing listed above that makes a bit of sense to me is realizing something material in your day-to-day life. Selling some bitcoin to purchase something that makes your life better like enabling you to support your family at a critical time and in a way that would not be possible unless you sold bitcoin. That makes sense to me. However, the other two are completely nonsensical. Bitcoin's success is binary. It either succeeds or it doesn't. And if you accept that this is true, success means slowly but surely becoming the global reserve currency and monetary network used by billions of humans on the planet or it goes to zero.
If the former materializes, that means that billions of people are going to be competing for 21 million Bitcoin. There are, by some estimates, $900 trillion worth of assets that are being used to store wealth over the short, medium, and long term. Bitcoin has the potential to subsume a material percentage of that $900 trillion. In my mind, if bitcoin is as good as I believe it is, it should take at least half of that market, if not 80 to 90%. This in and of itself is a gamble. No one can be certain that this will come true. And with that in mind you have to make a probabilistic bet by surveying the world and discerning what the likelihood of bitcoin's ultimate success is.
If you think governments, central banks, and large corporations are going to continue down the path of unfettered expansion of the monetary base, debt, and misallocation of capital, bitcoin, a peer-to-peer distributed cash system that cannot be controlled by any individual. corporation, country, or central bank makes a lot of sense. The debasement, the debt expansion, and the misallocation of capital are driven by fallible humans working in incentive structures that are vulnerable to the fallible nature of the humans working within them.
Human fallibility brings with it the ability to talk oneself out of a position that one knows makes sense and is logical. This is the disadvantage that those who are not "the man in the coma" or "the man in a cage" operate from. Being forced to hodl bitcoin is already and will increasingly be seen as a relative advantage. Many who are in bitcoin today, paying attention to every headline, every pull request and every doubt flung their way will likely get to 2030 and agree that they made worse decisions than the man who was thrown in a cage or who slipped into a coma.
Of course, this isn't a fair introspective conclusion. The man in the coma and the man who was forced to hodl because he was put in a jail cell did not have a decision at the end of the day. Both were forced to hodl due to external or internal forces that, all else being equal, they would prefer not have had to endure. However, the outcome of these two situations will likely be better than the outcome of "the man in the arena" who thinks that by making decisions on the go as a slew of information comes his way on a day-to-day basis will materialize in a larger stack of satoshis.
The reality of the situation is such that no one truly knows where bitcoin is going to go on a day-to-day, month-to-month, or year-to-year basis. Especially at this point with large institutions, nation-states, corporations, and individual states getting into the fray. The only tried-and-true strategy within bitcoin over the long term is to stay humble, stack sats, and hodl like you are "the man in the coma" or the man who was thrown in a cage.
Bitcoin's Volatility Won't End With Institutional Adoption
Leon Wankum challenged the popular "supercycle" narrative during our conversation, arguing that Bitcoin's volatility isn't going away despite massive institutional adoption. While acknowledging that MicroStrategy now holds over 2% of all Bitcoin and won't sell, Leon maintains that leverage will still need to be washed out. He expects another 60% drawdown at the end of this bull cycle, viewing this as a feature rather than a bug of Bitcoin's design.
"Bitcoin naturally washes out leverage, it builds resilience and we don't go through these crazy boom and bust cycles, we go through bull and bear markets and I think that's a net positive." - Leon Wankum
Leon sees Bitcoin's volatility as fundamentally different from fiat's destructive boom-bust cycles. Where traditional markets require central bank intervention to prop up failing systems, Bitcoin's regular corrections create genuine resilience. Bad actors will always enter during euphoric phases, and the subsequent washouts ensure only strong hands remain. This natural selection process, he argues, is beautiful - it's what makes Bitcoin antifragile.
Check out the full podcast here for more on real estate opportunity costs, Bitcoin bonds, and treasury company risks.
Headlines of the Day
Romania Adds Crypto Terminals to Post Offices - via X
Musk Claims Trump in Epstein Files - via X
Uber CEO Calls Bitcoin Proven Store of Value - via X
Get our new STACK SATS hat - via tftcmerch.io
Take the First Step Off the Exchange
Bitkey is an easy, secure way to move your Bitcoin into self-custody. With simple setup and built-in recovery, it’s the perfect starting point for getting your coins off centralized platforms and into cold storage—no complexity, no middlemen.
Take control. Start with Bitkey.
Use the promo code *“TFTC20”* during checkout for 20% off
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...
The kids really do grow up f
-
@ f0fd6902:a2fbaaab
2025-06-13 15:31:03
What can't fungi do? Fungi come in all kinds of delightfully enchanting and bizarre forms and are the ultimate do-it-alls. Some of them are edible or medicinal; they help organic gardeners keep their gardens happy; they eat plastic, and they glow in the dark. Fungi-based biomaterials also have the potential to help us build more sustainable homes or make more eco-friendly products; heck, they can even talk to each other in their own secret language.
Not surprisingly, they can also make some interesting music, with a little help from Canadian musician Tarun Nayar, the mastermind who makes nature-inspired electronic music under the name Modern Biology.
Source: https://www.treehugger.com/modern-biology-musician-makes-music-using-mushrooms-7485168
Video with mushrooms sound like:
https://www.youtube.com/watch?v=EHwybeMXFAA&t=22s
https://stacker.news/items/1005531
-
@ d61f3bc5:0da6ef4a
2025-05-06 01:37:28
I remember the first gathering of Nostr devs two years ago in Costa Rica. We were all psyched because Nostr appeared to solve the problem of self-sovereign online identity and decentralized publishing. The protocol seemed well-suited for textual content, but it wasn't really designed to handle binary files, like images or video.
The Problem
When I publish a note that contains an image link, the note itself is resilient thanks to Nostr, but if the hosting service disappears or takes my image down, my note will be broken forever. We need a way to publish binary data without relying on a single hosting provider.
We were discussing how there really was no reliable solution to this problem even outside of Nostr. Peer-to-peer attempts like IPFS simply didn't work; they were hopelessly slow and unreliable in practice. Torrents worked for popular files like movies, but couldn't be relied on for general file hosting.
Awesome Blossom
A year later, I attended the Sovereign Engineering demo day in Madeira, organized by Pablo and Gigi. Many projects were presented over a three hour demo session that day, but one really stood out for me.
Introduced by hzrd149 and Stu Bowman, Blossom blew my mind because it showed how we can solve complex problems easily by simply relying on the fact that Nostr exists. Having an open user directory, with the corresponding social graph and web of trust is an incredible building block.
Since we can easily look up any user on Nostr and read their profile metadata, we can just get them to simply tell us where their files are stored. This, combined with hash-based addressing (borrowed from IPFS), is all we need to solve our problem.
How Blossom Works
The Blossom protocol (Blobs Stored Simply on Mediaservers) is formally defined in a series of BUDs (Blossom Upgrade Documents). Yes, Blossom is the most well-branded protocol in the history of protocols. Feel free to refer to the spec for details, but I will provide a high level explanation here.
The main idea behind Blossom can be summarized in three points:
- Users specify which media server(s) they use via their public Blossom settings published on Nostr;
- All files are uniquely addressable via hashes;
- If an app fails to load a file from the original URL, it simply goes to get it from the server(s) specified in the user's Blossom settings.
Just like Nostr itself, the Blossom protocol is dead-simple and it works!
Let's use this image as an example:
If you look at the URL for this image, you will notice that it looks like this:blossom.primal.net/c1aa63f983a44185d039092912bfb7f33adcf63ed3cae371ebe6905da5f688d0.jpgAll Blossom URLs follow this format:
[server]/[file-hash].[extension]The file hash is important because it uniquely identifies the file in question. Apps can use it to verify that the file they received is exactly the file they requested. It also gives us the ability to reliably get the same file from a different server.
Nostr users declare which media server(s) they use by publishing their Blossom settings. If I store my files on Server A, and they get removed, I can simply upload them to Server B, update my public Blossom settings, and all Blossom-capable apps will be able to find them at the new location. All my existing notes will continue to display media content without any issues.
Blossom Mirroring
Let's face it, re-uploading files to another server after they got removed from the original server is not the best user experience. Most people wouldn't have the backups of all the files, and/or the desire to do this work.
This is where Blossom's mirroring feature comes handy. In addition to the primary media server, a Blossom user can set one one or more mirror servers. Under this setup, every time a file is uploaded to the primary server the Nostr app issues a mirror request to the primary server, directing it to copy the file to all the specified mirrors. This way there is always a copy of all content on multiple servers and in case the primary becomes unavailable, Blossom-capable apps will automatically start loading from the mirror.
Mirrors are really easy to setup (you can do it in two clicks in Primal) and this arrangement ensures robust media handling without any central points of failure. Note that you can use professional media hosting services side by side with self-hosted backup servers that anyone can run at home.
Using Blossom Within Primal
Blossom is natively integrated into the entire Primal stack and enabled by default. If you are using Primal 2.2 or later, you don't need to do anything to enable Blossom, all your media uploads are blossoming already.
To enhance user privacy, all Primal apps use the "/media" endpoint per BUD-05, which strips all metadata from uploaded files before they are saved and optionally mirrored to other Blossom servers, per user settings. You can use any Blossom server as your primary media server in Primal, as well as setup any number of mirrors:
## ConclusionFor such a simple protocol, Blossom gives us three major benefits:
- Verifiable authenticity. All Nostr notes are always signed by the note author. With Blossom, the signed note includes a unique hash for each referenced media file, making it impossible to falsify.
- File hosting redundancy. Having multiple live copies of referenced media files (via Blossom mirroring) greatly increases the resiliency of media content published on Nostr.
- Censorship resistance. Blossom enables us to seamlessly switch media hosting providers in case of censorship.
Thanks for reading; and enjoy! 🌸
-
@ b1e9b8df:07685594
2025-06-13 15:17:02
OERTR steht für eine Art, freie Bildungsressourcen (Open Educational Resources) über das dezentrale Protokoll Nostr zu verbreiten, auffindbar zu machen und weiterzuentwickeln.
Statt zentraler Plattformen oder Silos nutzen wir Relays – offene Knoten im Nostr-Netzwerk – um Materialien, Metadaten, Annotationen und Kurse dauerhaft, hoch verfügbar und maschinenlesbar im interoperablen Datenraum verfügbar zu machen.
🚀 Unser Ziel
-
OER auffindbar machen – über strukturierte Events (z. B. Kind
30023,30142) -
Mitmachen ermöglichen – durch einfache Workflows mit git, Matrix & Nostr
-
Bildung dezentral denken – jenseits von Plattformlogiken
-
Metadaten lebendig halten – durch Community-gestützte Annotation & Remixbarkeit
🔧 Womit wir arbeiten
-
💬
Matrixzur Koordination & Diskussion -
💻
git(hub)zur offenen Entwicklung und Dokumentation
📡 Mach mit!
➡ Nostr folgen:\ 👉 npub1k85m3haymj3ggjknfrxm5kwtf5umaze4nyghnp29a80lcpmg2k2q54v05a (nähere Infos auf https://github.com/edufeed-org/OERTR )
➡ Matrix beitreten:\ 🟢
#OERTR:rpi-virtuell.de\ https://matrix.to/#/%23OERTR:rpi-virtuell.de\ Zum Diskutieren, Planen, Ausprobieren.➡ GitHub anschauen:\ 📂 https://github.com/edufeed-org/OERTR\ Mit Beispieldaten, n8n-Workflows, NIP-Verlinkungen & mehr.
🧠 Ideen zum Start
-
🔍 Indexe für OER-Projekte (z. B.
OERinfo,rpi-virtuell,WirLernenOnline) -
📚 Tagging-Events für Fachbereiche, Zielgruppen & Lizenztypen
-
🤝 Event-Verknüpfung mit Mastodon, Mobilizon, Wikidata
-
🧩 Mitdenken beim Aufbau eines offenen Bildungsraums via Nostr
📎 Beispiel: OER-Material posten
json { "kind": 30142, "tags": [ ["d", "https://example.org/oer1234"], ["r", "https://example.org/oer1234"], ["subject", "Ethik"], ["author", "Max Mustermann"], ["license", "CC-BY 4.0"] ], "content": "Material zur Gewaltfreien Kommunikation für die 5. Klasse" }💡 Fragen? Ideen?
Wir freuen uns über Feedback, Pull Requests oder ein einfaches "Hallo!"\ ➡ Schreib uns im Matrix-Raum oder auf Nostr .
OERTR – ein Netzwerk. Kein Silo.
-
-
@ 73d8a0c3:c1853717
2025-06-14 00:36:38
🧬 REDACTED SCIENCE: THE AUTHOR — A SHADOW IN THE MARGINS
📜 Excerpt from my book-in-progress. This is nonfiction. Redacted. Possibly buried science. Possibly military. Almost definitely real. I’m living it. And it might change how we think about disease, dehydration, and survival itself.
👇 Full post below 👇
📄 The Author: A Shadow in the Margins
What follows is an excerpt from my book: Redacted Science. This is nonfiction. Redacted. And, I believe, novel science — the kind that slipped through the cracks because it wasn’t supposed to be seen. The kind that, if true (and I’m living proof it might be), changes how we think about adaptation, disease, and control, all while hinting at evolutionary processes.
The person who wrote the article — the one at the center of this entire mystery — didn’t just document a medical condition. They didn’t write like a detached observer. They wrote like someone who had seen it, worked with it, maybe even helped design it.
This wasn’t a paper. It was a record.
A flare fired backwards through time.🧠 What They Knew
- Electrolyte manipulation under pressure gradients
- Bone demineralization and molecular substitution
- Methyl group cycling
- Autonomic dysregulation
- Increased survivability under dehydration
- Accelerated burn recovery
- Abnormal pain tolerance
- Enhanced cognition and endurance in early stages
- …eventual collapse into parasympathetic failure, bone loss, immune misfire, and systemic decay
No generalist writes like this.
No academic from 1975 casually throws around methylation chemistry and calcium channel modulators (“these show promise” — yeah, I remembered that line. I figured it might save my life).🧪 Proof in My Blood — Or Lack Thereof
I’ve lived the proof they described.👁️ Who They Were
They were part of a program.
A researcher. Maybe a clinician. Possibly embedded in a classified military or survival physiology initiative.🔍 The Quiet Warning
That mention of the ICD code shift?
It was like someone watching history be rewritten — shifting this condition under something it isn’t. Sleight-of-hand.
They couldn’t have known about the AIRE gene — and I don’t have it.“We erased it from the books. But it was real. Look again. Find it if you can.”
And here I am.
Picking it up.
Line by line.
Molecule by molecule.🏃 The 15K That Almost Killed Me
Twelve years ago: I ran the Tulsa Run, didn’t hydrate. Felt fine — until the vomiting hit. Bloodwork? Normal.
Smart doc took one look and hooked up fluids.That wasn’t dehydration.
That was a system built to survive without water — until it couldn’t.🕰️ When and Why
Photos: early 20th century.
The article? 1975–1985.
Someone who knew too much. Someone preserving knowledge — as it was being erased.“It’s gone now. But it was here. And you need to look again.”
That’s not footnote energy.
That’s whistleblower energy.
🧠 Everything is open. All science is free. More is coming.
Read more at https://jimcraddock.substack.com or https://jimcraddock.com]
-
@ cae03c48:2a7d6671
2025-06-13 17:01:25
Bitcoin Magazine
Mercurity Fintech to Raise $800 Million for Bitcoin TreasuryMercurity Fintech Holding Inc. (Nasdaq: MFH), a digital finance company focused on blockchain-based financial infrastructure, has announced plans to raise $800 million to establish a long-term Bitcoin treasury reserve. The initiative is part of the company’s effort to incorporate digital assets into its financial strategy.
According to a recent news release, Mercurity intends to transition a portion of its reserves into Bitcoin, supported by blockchain-native custody, staking solutions, and tokenized treasury tools designed to advance yield and extend asset duration.
“We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure,” said Shi Qiu, CEO of Mercurity. “We are positioning our company to be a key player in the evolving digital financial ecosystem.”
If fully raised and implemented at current market prices, the capital could allow the company to acquire approximately 7,433 BTC, which would make Mercurity the 11th largest corporate holder of Bitcoin, surpassing GameStop’s reported 4,710 BTC holdings.
The announcement comes during a time of corporate interest in Bitcoin, with 223 companies and entities now holding the asset, up from 124 earlier this month. In total, public firms currently hold more than 819,000 BTC, accounting for roughly 3.9% of the total supply.
Mercurity’s plans also coincide with its initial inclusion in the FTSE Russell 2000® and Russell 3000® indexes, according to the 2025 reconstitution list. The firm was previously listed in the Russell Microcap Index. Index inclusion is expected to increase the company’s visibility among institutional investors and funds that track major benchmarks.
“Moving from the Russell Microcap to the Russell 2000 shows that investors recognize the value we are creating in blockchain finance,” Qiu added. “Our Bitcoin treasury reserve initiative is the next logical step in this evolution.”
The company noted that the reserve will be managed using institutional-grade custody, on-chain liquidity protocols, and staking-enabled tools to improve capital efficiency. The goal is to not just hold Bitcoin, but to put it to work within a secure, yield-generating structure. By using these systems, Mercurity aims to maintain long-term exposure to BTC while maximizing reserve productivity.
With this initiative, Mercurity joins a growing list of public companies actively reshaping treasury strategy around Bitcoin, signaling continued momentum in corporate Bitcoin adoption.
This post Mercurity Fintech to Raise $800 Million for Bitcoin Treasury first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
-
@ efc2b6e5:99c53c19
2025-06-13 14:32:51
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:
- 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.
- 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!
-
@ d57360cb:4fe7d935
2025-06-13 17:00:16
Most of life is out of your control. It happens of its own accord. We make plans in our minds but they rarely turn out how we want them to. Look back five years ago and remember the visions and dreams you had of your life. Most likely it never fit the vision you used to imagine. Sure somethings may have came into reality but it’s certain it didn’t go according to plan.
That’s the great myth it never goes as planned and that’s, well it’s okay. We don’t need to hold on for dear life and close ourselves off to life itself.
When life occurs, we have the tendency to want to edit and modify things to our likings. Only it’s impossible. What’s more important is the mind we bring with us to life. If we can enter into every situation with acceptance, things start to feel completely different. This isn’t to say this is some magical fix and everything will be fine. It’s more of a way to eliminate unnecessary mental roadblocks we create.
The outside circumstances don’t matter as much as you think. People will use the things outside themselves as a perpetual hope machine they strive on to escape their present issues. Surely one day it will all change when x, y, and z happen, but the joke of it all is when x, y and z do happen people suddenly look for a, b and c.
Instead of peering off into an imaginative future, ask yourself what mind did you bring to the place your feet are firmly placed in. You don’t need to hope on x, y, or z when you have a mind that can attend to any circumstance.
There’s an old zen story of a man who received a lump of clay, thinking it worthless he discarded it. Another man found it washed up near a river bank. On close inspection he saw a shining light glittering through the clay. He rinsed it completely to find a shining gold bar. It was always gold whether covered in clay or in its purest form much like pure attention is the nature of your mind only its often buried under an endless stream of thoughts.
-
@ 266815e0:6cd408a5
2025-05-02 22:24:59
Its been six long months of refactoring code and building out to the applesauce packages but the app is stable enough for another release.
This update is pretty much a full rewrite of the non-visible parts of the app. all the background services were either moved out to the applesauce packages or rewritten, the result is that noStrudel is a little faster and much more consistent with connections and publishing.
New layout
The app has a new layout now, it takes advantage of the full desktop screen and looks a little better than it did before.
Removed NIP-72 communities
The NIP-72 communities are no longer part of the app, if you want to continue using them there are still a few apps that support them ( like satellite.earth ) but noStrudel won't support them going forward.
The communities where interesting but ultimately proved too have some fundamental flaws, most notably that all posts had to be approved by a moderator. There were some good ideas on how to improve it but they would have only been patches and wouldn't have fixed the underlying issues.
I wont promise to build it into noStrudel, but NIP-29 (relay based groups) look a lot more promising and already have better moderation abilities then NIP-72 communities could ever have.
Settings view
There is now a dedicated settings view, so no more hunting around for where the relays are set or trying to find how to add another account. its all in one place now
Cleaned up lists
The list views are a little cleaner now, and they have a simple edit modal
New emoji picker
Just another small improvement that makes the app feel more complete.
Experimental Wallet
There is a new "wallet" view in the app that lets you manage your NIP-60 cashu wallet. its very experimental and probably won't work for you, but its there and I hope to finish it up so the app can support NIP-61 nutzaps.
WARNING: Don't feed the wallet your hard earned sats, it will eat them!
Smaller improvements
- Added NSFW flag for replies
- Updated NIP-48 bunker login to work with new spec
- Linkfy BIPs
- Added 404 page
- Add NIP-22 comments under badges, files, and articles
- Add max height to timeline notes
- Fix articles view freezing on load
- Add option to mirror blobs when sharing notes
- Remove "open in drawer" for notes
-
@ cae03c48:2a7d6671
2025-06-13 16:02:03
Bitcoin Magazine
Maelstrom Announces Its Fourth Bitcoin Developer Grant RecipientMaelstrom is announcing that Ron, known online as “macgyver13,” is the fourth recipient of the Maelstrom Bitcoin Grant Program, per a press release sent to Bitcoin Magazine. Ron will be working on Silent Payments, as proposed in Bitcoin Improvement Proposal 352.
“We are excited to be financially supporting Ron, in his mission on integrating Silent Payments into Bitcoin wallets,” said the CFO of Maelstrom Arthur Hayes. “Many merchants and users want to provide/display a single static address that doesn’t change, which is an important, valid and simple use case. With Silent Payments this can still be done, while on-chain address re-use is avoided. Address re-use is a goldmine for the surveillance organisations, and at Maelstrom, we want to help put a stop to it.”
In September 2023, Silent Payments was proposed by Josie Baker and Ruben Somsen. It allows people to create a single, static address to share with friends, use for donations, or post for tips without sacrificing privacy. This eliminates address reuse, a key method used by surveillance firms to track user behavior on the blockchain.
“With many software projects, and perhaps even more so in Bitcoin, taking an idea from a proposal to a fully adopted solution is the hardest part,” Josie said. “In the short amount of time I’ve been working with Ron, I’ve been thrilled at the progress we’ve made and I’m excited to work with him over the next year on Silent Payments adoption with the goal of making an intuitive, seamless user experience while also protecting user’s financial privacy.”
Bitcoin privacy depends on using new addresses, which often requires sender to receiver interaction. Existing static address methods use notifications that increase costs and leak metadata. Silent Payments avoids both interaction and notifications but requires wallets to scan the blockchain. Multi-party input use is not yet proven secure.
Silent Payments aim to implement:
- Zero transaction cost overhead
- No linkability between payments and static addresses
- No need for sender to receiver interaction
- Compatibility with privacy tools and modern wallet features
“My primary focus will be coordinating development and testing efforts within the growing community dedicated to integrating Silent Payments into desktop and mobile Bitcoin wallets,” stated the new grantee of Maelstrom Ron. “By advancing Silent Payments alongside BOLT12 and BIP-353, we aim to enhance privacy and simplify the user experience, paving the way for broader adoption of Bitcoin as a payment solution.”
This post Maelstrom Announces Its Fourth Bitcoin Developer Grant Recipient first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.
-
@ 5d4b6c8d:8a1c1ee3
2025-06-13 14:08:51
Boy howdy! We're getting some good finals games in the NBA and NHL. I imagine that will occupy most of our discussion.
Do we expect these teams to be contenders next year too or is this their window?
I now need Indy to pull off the win, if I'm going to win our bracket challenge. In the event of an Indy win, @grayruby hilariously shot himself in the foot with his pick for MVP in the points challenge (there's a fun little econ lesson there).
We are starting to transition into offseason mode, though: starting with the Knicks post mortem.
Aaron Judge has a ludicrous 87% chance of winning the AL MVP this year. Also, @Jer is demolishing me in fantasy this week.
Predyx has some exciting new sports markets up. I may have gotten a bargain on some Euro Rules Football outcomes just a few minutes ago.
We'll also recap the ongoing contests and discuss whatever else stackers want to hear about.
https://stacker.news/items/1005467
-
@ 1fdb6dac:65eb9a8a
2025-06-13 16:01:58
What if art knows before I do?
There are times when I finish a piece and just stare at it, not really understanding what I’ve done. As if it had been created by another part of me… a part that knows things I don’t yet know.
It often happens that, some time later—when I’m no longer so immersed in the process—I start to see signs, symbols, colors or shapes that speak of something I’m going through — or was about to go through. It’s as if my body knew it before my mind. As if art were a secret language between my soul and the world.
I don’t know if this happens to other artists, but I feel that often I’m not creating something with a clear intention. It just appears. And then, when I look at it with some distance, I realize a story was being told… my story. One I wasn’t fully aware of.
I feel that when I create from an honest place, without trying to control, something bigger takes over. The mind quiets a little, and it’s the body that begins to speak. There’s a kind of trance, like a current running through me. Sometimes I enjoy it, other times it makes me uncomfortable.
When I “finish,” I’m left with the feeling of having been moved by something that taught me without words.
I’ve realized that art doesn’t always say what I want to show, but what I need to see. And that’s powerful, because sometimes it reveals things I’m not ready to face. But it’s there. In front of me. Like a symbolic mirror.
It also happens that, when someone looks at my work and says, “this made me feel something,” it often aligns with something I’m processing inside—even if I haven’t said it out loud. As if the other person could read in the art what I didn’t know how to write in words.
When we’re creating, we’re also moving energy. Not just painting, or writing, or dancing — but transforming emotions, releasing things we didn’t know were stuck. There’s something ritualistic about art. A healing with no prescription. Alchemy.
Sometimes I feel that art heals me without me even knowing what was hurting. And that feels magical — and also very real.
I’m starting to trust that more: that the soul knows first. That my most intuitive and wild side understands processes that my rational side still can’t name. Art helps me give shape to the shapeless. And maybe, sometimes, it’s not even mine — it simply moves through me.
That when I stop trying to control, something appears that reveals me. That says:\ “This is you, even if you don’t know it yet.”¿Y si el arte sabe antes que yo?
ESPAÑOL
Hay veces que termino una obra y me quedo mirándola sin entender bien qué hice. Como si la hubiese creado otra parte de mí… una parte que sabe cosas que yo todavía no sé.
Me pasa seguido que, tiempo después, cuando ya no estoy tan adentro del proceso, empiezo a ver señales, símbolos, colores o formas que me hablan de algo que estoy atravesando —o que estaba por atravesar. Es como si mi cuerpo lo hubiera sabido antes que mi cabeza. Como si el arte fuese un lenguaje secreto entre mi alma y el mundo.
No sé si a otros artistas les pasa esto, pero yo siento que muchas veces no estoy creando algo con intención clara. Simplemente aparece. Y después, al observarlo con distancia, me doy cuenta de que ahí se estaba contando una historia… mi historia. Una que ni yo tenía del todo consciente.
Siento que cuando creo desde un lugar honesto, sin querer controlar, algo más grande toma el control. La mente se silencia un poco, y es el cuerpo el que empieza a hablar. Hay una especie de trance, como una corriente que me atraviesa. A veces me gusta y otras me incomoda.
Cuando "termino", quedo con la sensación de haber sido atravesada por algo que me enseñó sin palabras.
Me di cuenta de que el arte no siempre dice lo que quiero mostrar, sino lo que necesito ver. Y eso es fuerte, porque a veces revela cosas que no estoy lista para enfrentar. Pero está ahí. Frente a mí. Como un espejo simbólico.
Me pasa también que, cuando alguien mira mi obra y me dice “esto me hizo sentir tal cosa”, muchas veces coincide con algo que yo estoy procesando internamente, aunque no lo haya dicho en voz alta. Como si el otro pudiera leer en el arte lo que yo no supe escribir con palabras.
Cuando estamos creando, también estamos moviendo energía. No solo pintando o escribiendo o bailando, sino transformando emociones, liberando cosas que no sabíamos que estaban trabadas. El arte tiene algo de ritual. De sanación sin receta. De alquimia.
A veces siento que el arte me cura sin que yo entienda qué me estaba enfermando. Y eso me parece mágico y también muy real.
Estoy empezando a confiar más en eso: en que el alma sabe antes. En que mi parte más intuitiva y salvaje entiende procesos que mi parte racional todavía no puede nombrar. El arte me ayuda a poner en forma lo que no tiene forma. Y quizás, a veces, ni siquiera es mío: simplemente pasa por mí.
Que cuando dejo de querer controlar, aparece algo que me revela. Que me dice:\ “Esto sos vos, aunque no lo sepas todavía”.
-
@ cae03c48:2a7d6671
2025-06-13 16:01:53
Bitcoin Magazine
The Bitcoin Treasury Strategy That’s Reanimating Zombie CompaniesA growing number of public companies are stuck in limbo—technically solvent, but strategically stalled. Growth has evaporated. Stock prices have languished. Reinvestment opportunities are unclear or underwhelming. These companies aren’t broken—they’re just drifting.
They’ve become what markets call zombie companies: firms that generate enough to survive, but not enough to excite. And in today’s capital environment, stagnation is no longer neutral—it’s dangerous.
This is where a Bitcoin treasury strategy comes in.
What Is a Bitcoin Treasury Strategy—and What Problem Does It Solve?
At its core, a Bitcoin treasury strategy means converting a portion of idle corporate cash into Bitcoin and treating it as a long-term treasury reserve asset. It’s not a product pivot or a marketing stunt. It’s a capital strategy.
The problem it solves is simple but deadly:
- Capital erosion: Fiat currencies are inflating away purchasing power.
- Inefficient reserves: Billions in cash sit idle on balance sheets, dragging down return on assets.
- Narrative decay: Companies without a growth story get ignored—or punished—by markets.
- Shareholder fatigue: Passive capital strategies frustrate conviction-driven investors.
A Bitcoin treasury strategy is designed to reverse that trend—by reframing cash as conviction.
Two Distinct Approaches to a Bitcoin Treasury Strategy
There’s no one-size-fits-all approach to building a Bitcoin treasury. Instead, companies tend to pursue one of two broad strategic paths:
1. Defensive Allocation
Companies like Tesla and Block have allocated a portion of their reserves to Bitcoin as a hedge against fiat debasement. It’s a form of monetary insulation—protecting cash from erosion while signaling awareness of inflation’s long-term effects. These companies aren’t changing their business models, but they are acknowledging that holding cash in today’s environment means silently bleeding purchasing power. This strategy helps improve the hurdle rate, enhances reserve productivity, and sends a forward-looking message to investors.2. Offensive Accumulation and Securitization
Strategy (formerly MicroStrategy), Semler Scientific, and Metaplanet have adopted a more aggressive model. Rather than passively holding Bitcoin, they’ve turned their balance sheets into capital engines—securitizing their Bitcoin holdings through equity and debt issuance to fuel further accumulation. Their goal is to maximize BTC per share, enhance BTC yield, and create shareholder value through financial engineering that compounds exposure. These companies are rewriting the treasury playbook, showing that Bitcoin isn’t just a store of value—it can be a strategic accelerant.Why Bitcoin—and Not Gold, Equities, or Cash?
Bitcoin isn’t just another asset. It’s engineered monetary policy.
➤ Fixed supply: Bitcoin’s 21 million cap creates built-in scarcity, unlike fiat or equity dilution.
➤ 24/7 liquidity: Global, permissionless markets give companies access to real-time value.
➤ Verifiability and portability: It’s digital capital that can’t be seized, censored, or inflated.
➤ Asymmetric upside: Bitcoin has consistently outperformed every major asset class over multi-year cycles.
More importantly, Bitcoin is narrative fuel. It communicates conviction, discipline, and macro-awareness—all of which modern investors are starving for.
The Components of a Successful Bitcoin Treasury Strategy
A Bitcoin treasury strategy isn’t just about buying Bitcoin. It’s about embedding it into capital structure and governance. That requires rigor.
➤ Treasury governance: Establish internal guardrails on allocation, rebalancing, and reporting.
➤ Secure custody: Choose institutional-grade solutions, with redundancy, auditability, and oversight.
➤ Capital deployment strategy: Some companies use cash. Others leverage equity, debt, or ATM programs.
➤ Market communication: The value of Bitcoin on your balance sheet rises with clarity, transparency, and frequency of investor communication.
Companies like Strategy (formerly MicroStrategy), Semler Scientific, and Metaplanet didn’t just buy Bitcoin. They built Bitcoin treasury frameworks—with real policies, investor alignment, and governance maturity.
How Bitcoin Reframes the Shareholder Relationship
The Bitcoin treasury model isn’t just a liquidity play. It’s a credibility signal.
➤ Narrative magnet: Bitcoin attracts attention—not just from retail investors, but from global institutions searching for proxy exposure.
➤ Alignment lever: High-conviction shareholders reward companies that act decisively and transparently.
➤ Shareholder base upgrade: Bitcoin introduces long-term, ideologically aligned holders who are less reactive to short-term earnings noise.
Bitcoin gives stale stories new energy. And in capital markets, momentum is everything.
Execution: What It Takes to Make This Strategy Work
Bitcoin is not a set-it-and-forget-it strategy. It requires:
➤ Executive conviction: Most successful strategies are driven by founders, activist chairs, or tightly aligned boards—not committees.
➤ Discipline over hype: Volatility is part of the game. But the strategy must be built to endure it.
➤ Clarity and timing: The best entries are paired with proactive shareholder education and public clarity—not reactive announcements.
The most common failure mode? Buying Bitcoin high, with no treasury framework in place, then being forced to sell low when pressure mounts. That’s not a Bitcoin failure—that’s a structure failure.
Conclusion: You Don’t Need a New Business Model—You Need a Capital One
A Bitcoin treasury strategy isn’t for everyone. But for companies with a strong cash position and weak narrative traction, it offers a clear path forward.
You don’t need to change your product. You don’t need to invent a new category. You need to stop leaking value through capital drift—and start signaling conviction through capital strategy.
In a market where performance is narrative, and capital is credibility, Bitcoin is the benchmark.
Zombie companies won’t survive on inertia. But with a Bitcoin treasury strategy, they might just come back to life.
Disclaimer: This content was written on behalf of Bitcoin For Corporations. This article is intended solely for informational purposes and should not be interpreted as an invitation or solicitation to acquire, purchase, or subscribe for securities.
This post The Bitcoin Treasury Strategy That’s Reanimating Zombie Companies first appeared on Bitcoin Magazine and is written by Nick Ward.
-
@ 2cde0e02:180a96b9
2025-06-13 13:48:55
pen & ink; monochromized
tools used
https://stacker.news/items/1005456
-
@ 5d4b6c8d:8a1c1ee3
2025-06-13 13:39:20
Here's a video about the Pacers' offensive adjustments to OKC's extraordinary defense:
https://youtu.be/1LF2Sd1jTXQ
This finals matchup probably has the highest level team basketball I remember seeing.
https://stacker.news/items/1005445
