“Bitcoin solved the double‑spending problem with a global ledger that is independently verified by all nodes on the network. However, to achieve this, Satoshi’s solution traded off the speed and privacy offered by physical cash. Chaumian ecash grafted onto bitcoin reverses that trade‑off. An ecash mint handles double‑spend detection, while users regain instant, local finality along with the option to collapse the token back into money whenever connectivity returns.” https://www.forbes.com/sites/davidbirnbaum/2025/07/31/can-bitchat-build-a-free-internet-with-bitcoin/

“Bitcoin is replacing bonds, not dollars. The dollar's current global power comes from the bonds, not the token that spends.”

🤣 someone's got bitcoin running through his blood!

- great article! Extract 1: "Schaaf's core mistake lies in treating money as a state tool rather than a market phenomenon. This collectivist conception ignores the fundamental truth that money emerges spontaneously from voluntary exchange, not government decree. His worldview represents central banking's pathology of conflating institutional monetary socialism with individual sovereignty." Extract 2: "In all honesty, what are stablecoins redeemable for? More fiat, debt-based, inflationary paper backed by government credibility drowning in deficits. This creates multiple layers of counterparty risks: the stablecoin issuer, the banking system holding reserves, and the deficit-spending government backing the securities." Extract 3: "Claiming Bitcoin lacks value because it isn't "backed" resembles arguing email has no value because it isn't printed on paper. This represents the dying gasp of fiat apologists and Keynesian witchdoctors; a worldview where money is decreed, not discovered; where value is granted, not earned; and where economic truth serves political necessity. "Backing" isn't a feature, it's a trap keeping you tethered to the system Bitcoin was created to escape. Stablecoins aren't stable; they're pegged to a sinking ship, maintaining 1:1 backing with inflating dollars. As dollars bleed value through systematic debasement, so do they." Extract 4: "When Schaaf warns that USD stablecoins might "weaken ECB control over monetary conditions," he inadvertently reveals central banking's coercive nature. The ECB's euro stablecoins and digital euro aren't about empowering consumers, they're about re-centralizing monetary control under slick looking interfaces and Orwellian surveillance. Both CBDCs and regulated stablecoins remove bearer instruments while subjecting all transactions to state scrutiny." Extract 5: "Whether your chains are denominated in dollars or euros matters little when the shackles remain identical." Extract 6: "Stablecoins and CBDCs represent the old world's final attempt to prevent monetary evolution through technological camouflage and regulatory capture. They offer innovation's appearance while preserving monetary authoritarianism's substance." https://kudzai.substack.com/p/the-irony-of-unintended-consequences

👀

“To be reliably able to focus on something, you need to be intuitively, emotionally invested in the outcome.” https://www.benkuhn.net/attention/

“…when Covid was at the peak of madness and the Biden Admin was about to MANDATE the poison vaxx on over 80 million working class Americans or they were to lose their jobs... the Supreme Court stepped in and the Biden Admin realized it had lost total control of the population, the Covid hysteria wasn't going to win them the next cycle... they sent Kamala Harris to Europe where she declared Ukraine would join NATO. They had set the population up for 8 years that Putin was the source of evil and they played that card to deflect from their atrocious policies on Covid. Putin took the bait/ or had to and the next day every mask wearing covid vax fanatic had shifted their emotional ire onto Russia. Classic bait and switch Wag the Dog ops.”

🤣 “If you can afford to off-board you can afford a Lightning channel without the trustodial shenanigans run by scammers.” https://stacker.news/items/1060679/r/halalmoney?commentId=1060715

Thanks for sharing! “Last-Mile Sovereignty The Bitchat-plus-ecash model widens bitcoin’s surface area without tampering with its monetary policy, showing that hard money can be used in contexts where payment speed is important and internet connectivity may or may not be available. All the while, the ecash tokens used for payment are bearer instruments that remain anchored to an incorruptible base. To get there, mint implementations need rigorous reputation management features and proof-of-reserve functionality so that users can understand how much counterparty risk is introduced by the mint. The end-user app itself must present ecash payments in a familiar interface, turning ecash payments and bitcoin redemptions into ordinary taps and swipes. If the user experience of this technology can be developed to the degree that it can be readily used by non-experts, it could do for payments what Nostr aims to do for speech: extend the reach of permissionless systems all the way to the physical edges of daily life.”

I read an article I liked on substack. At the end of the article, the author provide a lightning address to which i sent some sats.

An interesting slide deck. https://drive.google.com/file/d/1Srl8Y4pBoKtNVYZBxmfj2TEMYM5tp1mE/view

https://stacker.news/items/1057985/r/halalmoney

Nice counterpoint. I think The Critic is a conservative publication and therefore fearful of disruption and the consequential impact on current power structures.

“We lose some OGs who don’t get the bigger picture every cycle. We lost way more to Bcash”

“It seems like every wave of adopters has to learn the same lessons with different window dressing”

If Saylor is a spook the 6102 scenario would be of little concern if applied to MSTR’s Bitcoin “holdings” But, if he isn’t a spook, I wonder what his hedge is against a 6102? Lawfare? Jurisdictional arbitrage? A put option on his stake in MSTR?

Vibedalorian

“In the short term, the basic arithmetic of bond markets has deteriorated; more supply coupled with a reduction in both reliable and speculative demand. And that means higher bond yields look probable, forcing governments to pay more to fund their ever-growing deficits. The maths of governing developed countries looks likely to get increasingly difficult.” https://stacker.news/items/1055018/r/halalmoney

“Trump is a reflection of both sides. He's a result not a cause. He's the dam not the flood. I don't fear him in the slightest. I fear the hatred and disillusionment that created his rise. Half of the people are fed up with the system (as they see it) and the other half want it back as it was. It's not going back, but the new right hasn't won either.” https://stacker.news/items/1054931/r/halalmoney?commentId=1055423

“i hate mobile devices, because the way that military and industry have set things up, they want to use it as a funnel for your attention”

👀

"Hayek ... favored letting prices fall when output expands, criticizing monetary policy aimed at artificially stabilizing prices. Hayek’s “neutral money criterion” held that prices should fall during real growth, and he opposed using monetary expansion to counteract such benign deflation."