Nostr notes by halalmoney

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2026-10-06T10:28:44Z

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2026-10-06T10:27:18Z

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2026-10-06T10:27:12Z

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2026-09-30T18:40:14Z

www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

2026-09-30T18:39:56Z

https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

2026-09-30T18:39:51Z

https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

Reinhart and Rogoff titled their history of eight centuries of ...

2026-09-30T09:00:01Z

Reinhart and Rogoff titled their history of eight centuries of financial folly with the words that recur before every crisis: “this time is different”. And the maddening truth is that the specifics genuinely are different every time.

This is not precisely 2008. GPUs are not houses; take-or-pay contracts are not mortgage-backed securities; OpenAI is not a subprime borrower in Stockton, and artificial intelligence may well be the most consequential technology of the century, which is more than anyone could ever say for a McMansion in the Inland Empire.

All of that is true, and none of it is the point. What repeats is never the surface. What repeats is the structure:

a scarcity thesis that justifies enormous fixed obligations; a teaser period during which those obligations feel costless; a set of commencement dates, fixed at signing, on which the teaser expires and the fully-indexed bill begins; and a bet that the income will have grown to meet the bill by the time it arrives.

The reason many AI skeptics will be right in substance and wrong in the mechanism is that they are often making a valuation argument, and valuation arguments have no clock. What this piece has tried to show is that buried inside the compute contracts is something a valuation argument never has: a reset.

The bull case wins if - and it is a real if - demand scales into the committed supply before the reset wall lands, and the counterparties stay funded through any air pocket in between. The bear case in this piece is not that artificial intelligence will fail, or that the demand is fake, or that the technology disappoints. It is narrower: that the financing structure can break before the demand arrives, because the obligations are fixed and front-loaded in commencement while the revenue is variable and back-loaded in adoption - and a fixed obligation meeting a lagging revenue stream is a solvency problem regardless of how transformative the underlying technology turns out to be.

The industry will spend the next eighteen months debating whether artificial intelligence is a bubble, which is the wrong question, asked at the wrong layer. The technology is real; so were the houses. The question is narrower: what happens when instruments underwritten at the teaser meet their reset schedule, and who is holding the paper when the obligations cannot be met as written. The reset wall is published above and the AI boom sits in a period of fiction.

Reinhart and Rogoff titled their history of eight centuries of ...

2026-09-30T08:58:57Z

Last week, UCLA mathematician Terence Tao wrote a Mastodon thread ...

2026-09-10T13:21:36Z

Last week, UCLA mathematician Terence Tao wrote a Mastodon thread describing how important mistakes, wrong directions, and incomplete solutions are for the field. “In most cases in pure mathematics, the problems are posed not because we desperately want the solution to these problems in and of themselves, but because we have seen from past experience that human-directed efforts to solve these problems tend to spur further development of the field,” Tao wrote.

“Prematurely solving the problem by purely AI-powered methods—particularly without full transparency into the solution process—can contaminate this process to the point where it actually becomes a net negative for the progress of mathematics as a whole.”

Humans might take longer than agents to solve mathematical problems, but in the process, they uncover new mathematical approaches and ideas that might inspire their peers and even birth their own subfields.

But when AI agents solve those problems instead—and when private companies keep the agents’ wrong turns from public view—those benefits disappear. It remains to be seen what else will vanish in the process.

https://www.technologyreview.com/2026/09/08/1143747/what-openais-latest-controversy-tells-us-about-the-future-of-math/

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2026-09-03T10:25:15Z

*the task of making something good — of arriving at a solution ...

2026-08-25T13:48:34Z

*the task of making something good — of arriving at a solution that is obvious — is often met with a kind of ambivalence, like “Nice work…I guess? Seems obvious tbh.”

That’s the work of design: to make something so good, it’s obvious. But there’s often little acclaim for the obvious because, well, it’s so obvious (in hindsight).*

https://blog.jim-nielsen.com/2026/make-it-work-make-it-good/

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2026-08-04T17:07:55Z

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2026-07-19T19:24:21Z

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2026-07-19T17:32:55Z

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2026-07-16T13:05:44Z

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2026-06-07T10:39:54Z

Sorry to hear you this, mleku.

2026-06-03T09:14:57Z

In reply to nevent1q…lkq7
_________________________

Sorry to hear you this, mleku.

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2026-06-03T09:12:37Z

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2026-06-03T09:12:02Z

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2026-06-03T09:11:46Z

@npub1aqa…237n A 65-year-old programming language called COBOL ...

2026-05-31T11:48:33Z

mike (npub1aqa…237n)

A 65-year-old programming language called COBOL still quietly processes over $3 trillion in banking transactions every single day — and because the original engineers are rapidly retiring, banks are scrambling to pay younger developers fortunes just to keep the ancient infrastructure from breaking - Make Tech Easier https://share.google/2Sk0Fc8QtpJXWHpby

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2026-05-31T11:33:58Z

Nostr event nevent1qqsfscln7j4hqc2sqgc4hfx4k2ejx456udvsxp8vkahmayjtlmvzu6szyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc72qj5wt

2026-05-27T12:08:29Z

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2026-05-26T19:59:41Z

When will the bitcoiner think in terms of power? Perhaps when he ...

2026-05-26T19:48:11Z

When will the bitcoiner think in terms of power? Perhaps when he decides to acquire some to complement his capital. Then maybe the world will catch a glimpse of what bitcoin inspires.
https://stacker.news/items/1496894/r/halalmoney

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2026-05-26T18:34:33Z

https://stacker.news/items/1496752/r/halalmoney

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2026-05-23T10:49:05Z

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2026-05-22T19:20:06Z

If you removed all the empty space from the atoms in every human ...

2026-05-22T10:27:21Z

If you removed all the empty space from the atoms in every human being on Earth, the entire species would fit inside a sugar cube — and it would still weigh what 8 billion people weigh 🤯https://share.google/Adg83ds0c71hru7l8

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2026-05-21T17:00:13Z

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2026-05-21T16:35:49Z

When you're notified of an online zap.... ...

2026-05-21T06:57:22Z

When you're notified of an online zap....

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2026-05-20T13:08:12Z

https://bjsm.bmj.com/content/early/2026/05/03/bjsports-2025-111351

For real heart protection, the weekly exercise number climbs far ...

2026-05-20T13:06:45Z

For real heart protection, the weekly exercise number climbs far beyond current advice https://medicalxpress.com/news/2026-05-real-heart-weekly-climbs-current.html

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2026-05-20T12:19:17Z

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2026-05-19T18:20:22Z

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2026-05-19T13:06:13Z

https://www.maximum-progress.com/p/the-causal-effect-of-income-is-often

Take a moment to appreciate the irony and then get off your ...

2026-05-18T06:43:37Z

Take a moment to appreciate the irony and then get off your phone....

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2026-05-17T12:14:06Z

*Even apart from our diminishing propensity to have children, the ...

2026-05-17T09:16:33Z

*Even apart from our diminishing propensity to have children, the task of bringing together a fractured and frustrated generation is the challenge of our times.*

https://stacker.news/items/1491154/r/halalmoney

Too. Much. Information. 😆

2026-05-13T10:15:01Z

In reply to nevent1q…78c3
_________________________

Too. Much. Information. 😆

*Writing isn’t just the production of sentences – it’s the ...

2026-05-12T05:48:16Z

*Writing isn’t just the production of sentences – it’s the training of endurance by way of sustained attention. It’s a way of learning what one thinks by attempting to say it.
..the value lies not only in the object produced but in the transformation that occurs during its making.
The danger isn’t that AI will replace writers or render the workshop obsolete. It’s that students are becoming accustomed to bypassing the friction that once revealed their process.*

https://stacker.news/items/1488330/r/halalmoney

On a long enough timescale, no mortal escapes justice

2026-05-07T11:58:06Z

In reply to nevent1q…kyxk
_________________________

On a long enough timescale, no mortal escapes justice

paper money is not a savings vehicle, it's a managed loss ...

2026-05-07T11:02:34Z

*paper money is not a savings vehicle, it's a managed loss*

quoting
nevent1q…f37z
Reid Hoffman bought Bitcoin in 2014. He hasn't sold a single sat in twelve years.

When asked what his exit price was, the LinkedIn co-founder said: "Is there such a thing as an exit price?"

You see, "exit price" is fiat-brain. It assumes Bitcoin is the trade and dollars are the destination. Hoffman flipped the script: he's already in the destination. The 12 years of holding aren't conviction. They're literacy. He understands what most people still won't admit. The thing you "exit into" is the thing being debased on purpose.

Rothbard called it correctly fifty years ago: paper money is not a savings vehicle, it's a managed loss. Hoffman ran the math in 2014 and never looked back.

You don't need a billionaire to validate self-custody. But it helps when the market keeps producing them.

Buy bitcoin. Hold your own keys. Stop asking when to leave. There's no exit from sound money.

*One does not simply walk into Bitcoiners' corner of social ...

2026-05-06T12:06:09Z

*One does not simply walk into Bitcoiners' corner of social media, mention the unholy word starting with 's' (and not ending in 'aylor'), and expect sudden bouts of logic to ensue.*

https://stacker.news/items/1485116/r/halalmoney?commentId=1485149

*Each crisis produces legislative architecture that concentrates ...

2026-05-01T16:01:14Z

*Each crisis produces legislative architecture that concentrates power in institutions accountable to no voter.*

quoting
nevent1q…xm5q

The recent public release of Palantir's manifesto on Twitter has sparked significant backlash, to put it mildly. Drawing from The Technological Republic: Hard Power, Soft Belief and the Future of The West, a book by CEO Alex Karp, the document outlines the corporate ideology and vision for the future that Palantir is actively constructing.

However, based on the principles articulated in this manifesto, and the furore it has generated online, it seems evident that the world they envision is not one where most people (myself included) would want to live in. It paints a dystopian vision of a technofascist society that will arise out of the complete replacement of democracy with technocracy. This manifesto is merely a roadmap for manufacturing consent for the permanent surveillance state they intend to build and profit from.

The Eternal Conflict, Restated

The 2013 revelations by Edward Snowden provided irrefutable evidence of what had long been dismissed as mere conspiracy theory; which is that the US government, alongside allied intelligence services and major tech firms, had built a global surveillance network of staggering proportions. Programs such as PRISM, XKeyscore, MUSCULAR, and Boundless Informant represented industrial-grade systems designed for the mass harvesting of email content, phone metadata, location records, and browsing histories from hundreds of millions of unsuspecting individuals who had committed no crime and attracted no specific suspicion. Snowden's objective was not to embarrass the NSA, but rather a gamble on the power of an informed public to demand democratic accountability.

His gamble was that the revelation of these unconstitutional mass surveillance programs would trigger so much public outrage that they would become political hot potatoes and ultimately be shut down. He sacrificed his career and his freedom on that bet and he lost it. Following brief periods of outrage and minor legislative tweaks, the surveillance apparatus returned to its status quo, with data flows remaining uninterrupted and contractors maintaining their access. This outcome demonstrated that public approval is unnecessary once a population has been conditioned into a state of learned helplessness through decades of propaganda regarding security tradeoffs

The Palantir manifesto is built on this same foundation and its authors know it. In fact when one looks at it objectively and in detail it’s built on the same authoritarian ideas that have been around for ages; which is that some people, by virtue of their technical capacity, their power, their patriotism, or their civilizational clarity, are entitled by birthright to govern and exert authority over everyone else.

The individual in this vision is not a sovereign agent. They are a data point with obligations to serve the machine without question, to comply with its every diktat, to be legible to systems they did not consent to and cannot audit or escape. A collision course of those that believe in centralized coercive power versus decentralized and distributed power.

This is not a left versus right issue. It is the perennial question of whether human civilization will be organized around consent or managed through force and specifically, whether the extraordinary technical capabilities of the current moment will be deployed to liberate individuals from institutional dependence or to make that dependence invisible, and permanent.

Fascism Is the System, Not the Bug

To understand the Palantir manifesto correctly, one must understand what fascism (i.e. state directed capitalism) actually is and distinguish it carefully from both free markets and straightforward government socialism, because it is neither, and its apologists exploit that confusion deliberately.

Unlike pure socialism, under fascism the government isn’t running factories; rather it is the quiet administrative fusion of private capital with state power, creating structures and policy frameworks that privatize profit while socializing cost, risk, and coercive enforcement. It is the system in which corporations do not compete in markets but they capture regulatory environments, secure monopolistic government contracts, and use the state's unique powers (taxation, surveillance, enforcement, warfare) as inputs to their business model. Under this regime, the corporation and the state do not merely collaborate; they interpenetrate until the distinction between public authority and private interest effectively dissolves into a single, unaccountable apparatus.

This is Palantir's operating environment and its aspiration. The company does not sell to markets in any meaningful sense. It sells to governments. Its core revenue base is military contracts, intelligence community agreements, and law enforcement partnerships. Its core product, data fusion and predictive analytics, is only valuable at scale, and the only actors with the data volumes and coercive authority to make it valuable at that scale are states. Palantir is not merely serving the government; it is quietly, algorithmically becoming it.

This is no longer conjecture. Almost a week ago, contract documents obtained by the watchdog group American Oversight and reported by The Intercept revealed that since 2018, Palantir's Lead and Case Analytics platform has been processing IRS data including individual tax returns, bank statements, FinCEN transaction records, and cryptocurrency wallet data across Bitcoin, Ethereum, and Ripple, all for a contract worth over $130 million. The system cross-references identified crypto wallets against dark web data harvested from exchanges including Coinbase. The surveillance layer is already here and fully operational.

This is how the interpenetration of corporation and state becomes self-perpetuating. The more deeply Palantir's architecture embeds in government operations, the more government depends on Palantir to function, the less leverage government retains in the relationship, and the more any proposed reform or oversight mechanism requires the cooperation of the very platform being reformed or overseen. The company becomes, as the manifesto clearly intends, the operating system of state power and you do not interrogate the operating system.

The manifesto documents this ambition in plain language. The assertion that Silicon Valley has an "affirmative obligation" to participate in national defense; the argument that the market has failed in critical domains and private visionaries (i.e psychopathic billionaires with a Malthusian worldview) must now step in; the casual dismissal of "theatrical debates" about AI weapons development, these are not just philosophical positions. They are the terms under which a company proposes to make itself sovereign.

The Soft Fascism of Point Five

Point five is one of the most revealing statements in the document, and it deserves to be read with the utmost attention to fully grasp its implications:

"The question is not whether A.I. weapons will be built; it is who will build them and for what purpose. Our adversaries will not pause to indulge in theatrical debates about the merits of developing technologies with critical military and national security applications. They will proceed."

In other words any objection to Palantir's militarized AI agenda can be dismissed as unnecessary debates and any moral question is dismissed as a luxury the nation cannot afford. The logic is identical to that deployed in every consolidation of emergency power in modern history: the stakes are too high for deliberation, the enemy too implacable for restraint, and only we, the chosen ones,the competent, the technologically sophisticated, the already-positioned can be trusted to act. The civilian population is invited to participate by surrendering their agency and their souls to their Palantir overlords. They must trust the plan..

Theodore Kaczynski, famously known as the Unabomber whose bombing campaign killed three people and maimed twenty-three, nonetheless correctly identified, in his manifesto, the process by which technological systems acquire autonomous momentum and begin to reshape human society in their own image rather than in accordance with human values. His analysis of surrogate activities (the way technologized societies redirect human purpose into managed pseudo-goals) maps uncomfortably well onto the Palantir manifesto's vision of civic participation.

Point six calls for compulsory military service. What else are you going to be doing after AI has taken all the jobs? Point seven promises soldiers the best software based weapons. Point eight complains that federal compensation is inadequate to attract talent. The manifesto envisions a society organized around the imperatives of the technological-military complex, in which human beings are optimally allocated to serve institutional needs.

What is conspicuously absent is any discussion of what people are for, what they are permitted to want, or how they might live outside the system's requirements. It is, to borrow Viktor Shvets' meteorological borrowing, a Fujiwara Effect; multiple hurricanes of control converging into a single, cataclysmic system: the debt crisis requiring financial repression, the security apparatus requiring data integration, the AI arms race requiring permanent militarized research infrastructure, all spiraling together into something that looks, from close enough, merely like governance.

The Jekyll Island Pattern

The most sophisticated element of the emerging Palantir order is not its military contracting. It is the financial infrastructure being quietly constructed around it. G. Edward Griffin's meticulous investigation of the Federal Reserve's origins in The Creature from Jekyll Island revealed a mechanism that has been used by every subsequent consolidation of elite power.

First a crisis is identified or manufactured, a solution is proposed by the very parties who will benefit from it, the solution is framed in the language of national interest and public safety, and the resulting institution becomes a permanent extraction mechanism answerable to no democratic constituency. The Federal Reserve Act of 1913 was passed because the panic of 1907 had demonstrated, its architects argued, that the nation required a "lender of last resort," a stabilizing institution that would protect ordinary Americans from financial ruin.

What Americans received instead was a cartel mechanism that privatized monetary creation, socialized monetary risk, and has presided over the destruction of roughly ninety-six percent of the dollar's purchasing power in the century since its founding.

The structural parallels to our present moment are not difficult to miss. The "crises" justifying the new surveillance-industrial order are not difficult to enumerate: terrorism, financial crime, adversarial AI, and cryptocurrency-enabled capital flight. Each crisis produces legislative architecture that concentrates power in institutions accountable to no voter. FISA courts operate in total secrecy, producing binding legal interpretations no citizen may read or challenge. The PATRIOT Act normalized mass collection of communications metadata.

As decentralized monetary instruments, like Bitcoin, threaten to give ordinary people a genuine exit from the surveillance financial system, Congress has manufactured two new instruments of containment: the GENIUS Act and the Clarity Act. This is the world the Palantir manifesto is written for, and it is written by people who understand it with far more clarity than most of their critics.

The Stablecoin Trap and the Monetization of Serfdom

Dollar-backed stablecoins are America's attempt to extend monetary hegemony into the digital age by essentially creating a new channel for petrodollar-style recycling where foreign demand for USDT and USDC indirectly finances U.S. government debt. This is the Stablecoin Standard: not monetary freedom but monetary imperialism in a new form. Stablecoins work precisely because they route around traditional banking, yet that same feature makes them politically intolerable when geopolitical pressures mount. The GENIUS Act is the resolution of that tension, in favour of the state.

This bill deserves to be understood for what it is. The GENIUS Act, while framed as sensible stablecoin regulation, effectively mandates that any dollar-pegged digital asset be issued by a federally supervised entity, fully backed by U.S. Treasury instruments, and subject to the complete suite of Bank Secrecy Act compliance requirements. Consider what a mandatory stablecoin regime actually produces in practice. Every transaction is recorded on a blockchain that is permissioned, monitored, and ultimately controlled by federally licensed entities. Every wallet can be frozen by regulatory fiat. Every payment pattern is available for algorithmic analysis. And who builds that algorithmic analysis layer? Who holds the contracts to process Treasury data, FinCEN reports, and the surveillance outputs of FISA-authorized mass collection? The answer is not mysterious.

It’s at this point that the fusion of corporation and state achieves finality. The Federal Reserve provides the base money, the Treasury issues the regulatory mandate, and the stablecoin issuers lay the financial rails. Meanwhile, Palantir provides the invisible surveillance layer that makes the entire apparatus functional. No single act of Congress creates this Leviathan, and no democratic process ratifies its birth. It simply becomes, acquiring sovereignty through technical indispensability until the distinction between the central bank and the military-intelligence complex dissolves into a single, unaccountable operating system.

Meanwhile, thanks to disruption brought on by both economic upheavals and AI, the permanent underclass gets CBDC based Universal Basic Income; which, if you believe UBI will arrive without strings attached, you have not been paying attention to how power works. Any implementation of UBI at the scale being contemplated will be some permutation of social credit: consumption-monitored, behaviour-contingent, and denominated in the very programmable stablecoins (.ie. CBDCs) that make total financial surveillance trivial. The state understood this, which is why it moved so quickly. The stablecoin is the company scrip of the surveillance state; accepted everywhere within the system, worthless outside it, and increasingly the only monetary form the system will permit.

The warmth of collectivism, delivered through the infrastructure of control. This is the monetization of serfdom. .

Bitcoin as Structural Dissent and the New Underground Economy

Against the Palantir architecture, Bitcoin is not primarily a financial instrument. It is a financial weapon for defending your own sovereignty and the distinction matters more than most people who discuss Bitcoin professionally seem to understand. To grasp its full significance, you need to reach back further than Satoshi Nakamoto. You need to reach back to Hans Sennholz.

The Underground Economy written in 1984 , the year Orwell chose for his dystopia, not coincidentally, Sennholz documented a phenomenon that governments have always found both maddening and inexhaustible: the underground economy. His central observation deserves to be read as prophecy. "The underground economy," he wrote, "is as old as government itself. It springs from human nature that makes man choose between given alternatives. Facing the agents of government and their exactions, man will weigh the alternatives and may choose to go underground." Every tightening of the regulatory vise, every new layer of taxation and surveillance, every additional mandate layered onto productive human activity, produced the same result: a compensatory expansion of the shadow economy operating beyond the state's line of sight. The underground did not defy human nature. It expressed it.

Sennholz was careful to draw a distinction that governments have always deliberately obscured: the underground economy is not the criminal underworld. It is comprised of otherwise law-abiding citizens seeking refuge from wrongs inflicted upon them by the state; electricians working off the books, physicians bartering services, farmers selling at flea markets without sales tax remittances, moonlighting teachers who spend their days lecturing students on the wisdom of government regulation and their evenings cheerfully ignoring it. These are not criminals. They are rational actors responding to a system that has made productive, above-board economic life increasingly costly, surveilled, and punitive. As Sennholz observed: "In a free society without economic planners and regulators, there would be no regulated economy and no underground. All productive activity would be free."

What Sennholz could not have foreseen in 1984, writing before the internet existed in any meaningful public form, was the specific instrument through which the twenty-first century state would attempt to finally close the exits he was documenting. The underground economy he described was cash-based and geographically local, its invisibility was a function of physical proximity, social trust, and the practical limitations of government auditing capacity. The IRS could not audit every plumber who took a weekend job painting a neighbor's fence. The tax authorities could not monitor every garage sale, every barter exchange, every envelope of cash passed between a dentist and a carpenter.

The Palantir order intends to change this permanently.

The programmable stablecoin infrastructure being constructed under the GENIUS Act is, in its essential function, a machine for eliminating the underground economy entirely, not by addressing the regulatory overreach and confiscatory taxation that Sennholz identified as its root causes, but by making financial invisibility technically impossible. The cashless, fully surveilled economy that Sennholz noted the underground was already making "a mockery of" as a popular forecast in 1984, the Palantir state intends to impose it by regulatory mandate, denominated in programmable dollars that can be frozen, redirected, or conditioned on behavioural compliance before a single dollar reaches its intended destination.

We have already seen Canadian truckers' bank accounts frozen by regulatory fiat within seventy-two hours of a political decision. Regulatory overreach led to the de-banking of political organizations, firearm dealers, and cryptocurrency companies not through legislation but through informal regulatory pressure on financial intermediaries, the practice euphemistically known as Operation Chokepoint. The underground economy "thrives wherever, in the judgment of taxpayers, the government exactions are exorbitant and unjust." Here is the underground economy's twenty-first century form, arrived in a shape Sennholz would have recognized instantly in its economic logic even if its technical implementation would have astonished him.

Bitcoin is the Sennholzian underground economy, operating at global scale, with a fixed monetary policy that no emergency session of any legislature can amend. It not only is foundation for a parallel economic system but is the biggest opportunity that sovereign individuals have at conducting commerce peer to peer outside of the fiat system, which will soon be a node in the Palantir world order.

The Federal Reserve made possible a warfare-welfare state whose scale no gold-constrained treasury could have sustained. Programmable stablecoins will do for surveillance capitalism what the Federal Reserve did for military Keynesianism: they will make the previously unaffordable not merely affordable but automatic. The difference is that the Federal Reserve's monetary expansion was at least nominally transparent. The programmable stablecoin panopticon will operate through the friction-free automaticity of code, with behavioural conditioning baked into the monetary infrastructure itself, administered by compliance algorithms running on Palantir's platforms.

Bitcoin's proof-of-work consensus, its fixed twenty-one million coin supply, its permissionless validation, its resistance to seizure when properly self-custodied, these are not just technical specifications. They are cryptographic guarantees to a property rights system that exists outside the jurisdiction of any state and beyond the contractual reach of any surveillance contractor. Running a Bitcoin node is an act of monetary self-determination. Holding Bitcoin in self-custody is the digital analog of holding gold outside the banking system; except that gold can be confiscated at gunpoint, as Roosevelt demonstrated in 1933, while properly secured Bitcoin cannot

Ironically the banks have already figured out which side of the divide they are on. Fourteen of the top twenty-five U.S. banks are now building Bitcoin products, several explicitly for high-net-worth clients only. JP Morgan. Wells Fargo. Citigroup. The very institutions that spent a decade dismissing Bitcoin as a criminal payment rail now quietly build infrastructure to give their wealthiest clients access to precisely the properties of sound, unseizable, unsurveillable money. Large corporations rarely participate in the underground economy because they are too visible and too exposed to regulatory scrutiny. The banks are not building Bitcoin self-custody tools. They are building Bitcoin custody products, held on your behalf, within the regulated perimeter, fully legible to regulators. This is the preferred financial system in the coming Palantir world order; where the elites own assets outright, including Bitcoin and everyone else is holding a derivative that tracks the price without conferring any sovereignty.

You know who isn't building Bitcoin products? The brainwashed mostly middle class folks who believe the Jamie Dimon inspired propaganda of Bitcoin being a scam. These are the future UBI recipients and compliance-tracked stablecoin users. These “smart skeptics” will receive their digitally administered basic income in a form that can be frozen, redirected, or conditioned on behaviour before they can spend it on anything the system has classified as undesirable.

Sennholz concluded with an observation that should be carved above the entrance to every central bank in the world: "As the regulated economy stagnates or withers away, the underground economy endeavors to take its place." The regulated economy he was describing in 1984 was already staggering under tax burdens, regulatory mandates, and the interaction between inflation and progressive taxation that was silently pushing workers into higher brackets while their real incomes declined.

Forty years later, U.S. public debt sits at 122% of GDP. The financial repression needed to channel private savings into public debt at below-market rates will be systematic, and continuous. The Palantir state will attempt to close every exit from cash, barter, off-books employment, unlicensed enterprise by making all economic activity digitally legible and therefore taxable, freezable, and conditionally permissioned.

Against this total-surveillance financial architecture, Bitcoin is not a speculative asset. It is not digital gold in any merely metaphorical sense. It is the underground economy's final and most technically sophisticated form, a parallel monetary system built to be exactly as resistant to state control while becoming the new standard for Bitcoin circular economies which are already in existence today in various parts of the world. It is what the underground economy becomes when the underground economy has access to cryptography, game theory, and a globally distributed network of nodes that no single government can shut down.

The creature from Jekyll Island wore a central banker's suit. Its successor wears a Silicon Valley hoodie and calls itself a technological republic.

Find the lie and you find the front line #nevent1q…kln3

2026-05-01T13:51:22Z

*Find the lie and you find the front line*

quoting
nevent1q…kln3
Sun Tzu wrote that all warfare is based on deception.

Every war you have lived through arrived dressed as something else. Liberation. Stimulus. Stability. Inclusion. Safety.

Find the lie and you find the front line.

The dollar is a war. It calls itself a currency.

The legacy press is a war. It calls itself news.

The conference is a war. It calls itself a community.

The credential is a war. It calls itself expertise.

The household built on stone outlasts every assault dressed as friendship.

Sound money. A wife under your roof, not the regime’s. Children raised by you, not the screen. A table that seats your grandchildren’s grandchildren.

That is reconnaissance complete. The retreat is theirs.

https://stacker.news/items/1481449/r/halalmoney

2026-04-30T13:59:32Z

https://stacker.news/items/1481449/r/halalmoney

There is no shortcut to finding intelligent or ethical people ...

2026-04-30T13:51:29Z

*There is no shortcut to finding intelligent or ethical people*

quoting
nevent1q…csdc
There is no shortcut to finding intelligent or ethical people. Bitcoin isn't a shortcut and neither is nostr. Education isn't a shortcut and neither is occupation.

Nationality, race and religion are not shortcuts either.

Every individual stands on their own merit and their own behavior.

Ouch. Taxes plus Stockholm Syndrome 🫠 Breaking free won’t be ...

2026-04-27T14:01:36Z

In reply to nevent1q…x36c
_________________________

Ouch. Taxes plus Stockholm Syndrome 🫠

Breaking free won’t be easy.

It’s a picture of the sky earlier today. Beautifully blue, but ...

2026-04-24T19:35:30Z

In reply to nevent1q…6lpk
_________________________

It’s a picture of the sky earlier today.

Beautifully blue, but no clouds

TIL about anaphora: a rhetorical device where a word or phrase ...

2026-04-24T15:19:42Z

In reply to nevent1q…7689
_________________________

TIL about anaphora: a rhetorical device where a word or phrase repeats at the start of successive clauses, sentences, or lines for emphasis and rhythm.

Thanks, gents!

https://stacker.news/items/1477917/r/halalmoney

2026-04-24T13:31:28Z

https://stacker.news/items/1477917/r/halalmoney

Not a single cloud….. ...

2026-04-24T10:44:15Z

Not a single cloud…..

Nostr event nevent1qqszlsv9jwz8qfxs2y6mr8l3lumef42004dugzn9z9nqa0sfs8s0fqszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc768e2s9

2026-04-23T18:16:10Z

Nostr event nevent1qqs8ha6qmj62c00kteusqf200f0z64wdmnyhjkactaenayw5xulfp3qzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7m4rjhn

2026-04-23T10:32:38Z

*Laypeople tend to want digestible, simple answers that feel ...

2026-04-23T10:04:57Z

*Laypeople tend to want digestible, simple answers that feel actionable to them in the moment. Unfortunately, the truth is usually nuanced, complex, and the actionability is questionable or uncertain.*

https://stacker.news/items/1477007/r/halalmoney?commentId=1477015

Nostr event nevent1qqspt6gvkam8vznts8274rs6unrrfqudr9y7m97ug3txd0lvz626cmczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7u39n9y

2026-04-22T18:12:28Z

Nostr event nevent1qqs0ulwcqz9qhlwamdev5023f74gwfxfvxv7yuccxkhl7v82t4dmzwszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc779e2q2

2026-04-22T09:49:04Z

In reply to nevent1q…2ll0
_________________________

Nostr event nevent1qqsgzr86q2k6486vj5whv3x98xvh2zg0k5eay8t9rqwt98n5shxlafczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc783ejt4

2026-04-22T09:42:34Z

Nostr event nevent1qqsqj2pemc82ttvkq4tnlerj6lzduy23djm8gez4peqvp7ue9fwjzzszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7w5mu6v

2026-04-22T08:01:51Z

Magyar wants to put the Austro-Hungarian Empire back on the map ...

2026-04-22T05:45:01Z

Magyar wants to put the Austro-Hungarian Empire back on the map – POLITICO https://share.google/teSMhdElZvhPJDbJw

Nostr event nevent1qqs0hnllqu7fmqse7cucfljjvhf0y3mlh3yul5w7j8073ttcq0vhd4qzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7dgcr0d

2026-04-21T10:53:29Z

Oh, that last line 🤣 *…his government is highly corrupt and ...

2026-04-21T10:17:28Z

Oh, that last line 🤣

*…his government is highly corrupt and infamous for racking up extrajudicial slayings of gays, journalists, political opponents and people who have cut him off in traffic. Even Hillary Clinton is rumored to study his life's work.*

quoting
nevent1q…0dls

I've been following rumors that the Chechen President Ramzan Kadyrov might be terminally ill with kidney failure. He has come out, publically, and denied the rumors, but there's no way to tell what is going on. They managed to nurse Biden through embarrassingly-obvious dementia for an election and a full presidential term, after all.

This is such an odd character, at any rate. His father, Akhmat-Khadzhi Abdulkhamidovich Kadyrov, was the imam who called out the jihad against Russia, in the first Chechen separatist war. He switched sides in the second separatist war, and the Russians made him the president. Islamists (well, other Islamists) blew up his car, in Grozny, and his son soon took over and has been ruling since.

He has two wives, 12 children, multiple mansions, and has amassed a great fortune through whichever means politicians over there amass great fortunes, while their residents grind along in poverty and despair. The Kadyrov rise to power was an important move, for Russia, as the Chechens have become one of the main sources for fighters in the Ukrainian invasion, including being disproportionately present near the most war crimes. Millions of people are hoping for him to finally die, so that there can be political change, over there, and fewer horrors, elsewhere. That's probably why the rumor of his impending death spread so quickly: wishful thinking.

And this reminded me of why voting for your leadership, although highly imperfect, does serve one purpose well: getting rid of someone the public doesn't like. I don't know how popular Kadyrov is, but his government is highly corrupt and infamous for racking up extrajudicial slayings of gays, journalists, political opponents and people who have cut him off in traffic. Even Hillary Clinton is rumored to study his life's work.

His insistance that the war in Ukraine is a holy jihad is especially reprehensible, as he's betraying his own people with daft religious posturing, pressuring them to join a battlefield that the Russians themselves have long since nicknamed the meat grinder. He humbly calls himself Putin's Foot Soldier, but is more commonly known as Putin's Bloodhound and that branding seems to stick. At any rate, the Ukrainian war has helped keep him in power, by sending so many angry, poor, young men off to die elsewhere. They have stubbornly good health, unusually long life expectancies, and elevated fertility, for Russian citizens, so it's clear that something needed to be done.

The participation in the war has led to a sort of death-boom, as the 14 million rubles death payments his soldiers receive have created a latent economic surge, helping to balance out any troubles in its oil sector. (Followed rapidly by inflation, as eating your human seed corn doesn't actually fuel sustainable growth, — surprise, surprise — but I digress.)

As I was saying, perhaps he is very popular, in Chechnya, but there's no way to truly know how popular, as there is no reliable, free, anonymous, decisive polling. By decisive, I mean that the person being polled is aware of the gravity and importance of their vote cast. They are not merely telling someone on the phone what they feel, at this moment, but are making some strategic or even merely tactical decision to change or keep their government.

This is missing in Chechnya, Russia, China, Iran, Venezuela, Cuba, North Korea.... that whole potfull of psychopathic despots, who are amazingly indifferent to the well-being of their populace. I suspect it is truly impossible for any of us, outside of such countries, to understand why crushing sanctions and rapidly-climbing popular misery has so little impact on their political careers: they don't care and there is no upcoming vote that might make them care. They will never change. The sanctions and etc. are simply a way to starve their particular beast, slowly, so that it can't devour its neighbors.

Even if Russians began starving and freezing to death on their potato fields, Putin can just put on his snazzy shades and grin for the cameras. After all, if they have no potatoes, let them eat cake! Not only does he not care, he doesn't care, to an extent we can only find baffling. We have no frame of reference, for such rulers. We can only hope that someone around him might care, and remove him from office, in their traditional fashion.

Americans whine, incessently, but I think we can all see that trading in Trump for Biden, and then back to Trump effected some tangible difference in policy. It wasn't mere democratic theater. Merkel retiring, in Germany, rapidly uncovered the economic and political poison of her chancellorship, and we are all grateful that we didn't need to beg the USA to surgically remove her, like Maduro. Merkel, like all democratic politicians we have grown utterly sick of, was painlessly sent on a book tour and out to the golfing range, whence she proceeds to annoy and bore us with tiresome excuses about her own incompetence. Let her talk.

Good riddance to bad rubbish, democratic-style. If only it were so easy to be rid of Kadyrov. Perhaps we can offer to build him a presidential library or name a bridge after him, so that he joins the book tour. But we'll likely be stuck, disappointedly reading the political obituaries, with the fate of millions of people determined by the blips of his dialysis machine.

Nostr event nevent1qqsv78m45fj89v70slfk5n7n9yu5wt2lmftv6s47vdszpl6p7y65j2qzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7a9wfe6

2026-04-21T08:01:34Z

In reply to nevent1q…jfs6
_________________________

Nostr event nevent1qqsyt8a4pau8aywf6yg7rrfj8u3pezrngq8307rd9rtkmh8qvxylaaczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7fqplu5

2026-04-19T10:39:43Z

https://stacker.news/items/1474186/r/halalmoney?commentId=1474444

Nostr event nevent1qqs9fjt2vjdte5ymnmj0y330s0jrrjwaw0wmt2fsk6t0w3xn3dewx3czyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7ff9dav

2026-04-19T10:14:39Z

Nostr event nevent1qqsqmnjwdtqw4watp4t4zcw2qt63m8kd9eznu25w38fh7eqpfsx7gqczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc72yjpvj

2026-04-17T18:27:33Z

*Nostr accumulates trust signal passively, as a side effect of ...

2026-04-17T15:49:45Z

*Nostr accumulates trust signal passively, as a side effect of using the network for things people already want to do.*

https://stacker.news/items/1471929/r/halalmoney

Nostr event nevent1qqsd0q79mfnyrtauz6prj50eadsqmj7gpel7rrn0fvnqpzv09mahjlszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7lht86k

2026-04-16T16:04:36Z

In reply to nevent1q…ddn4
_________________________

Nostr event nevent1qqsd4tl3cg6kkf0wu2x7uwnslectc87j5dattvu84qhexptklvp3laqzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7tvjq8z

2026-04-16T15:31:47Z

Nostr event nevent1qqsrwm7yvcqwjhyg37ywr5qm4m0tp7quaentsduts08s0evqg7acndqzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7pjr9mq

2026-04-16T13:08:11Z

quoting
nevent1q…vz5m
*Tucker Carlson (CIA) got "fired" by Fox news (even though he had the highest ratings 😂) just because people stopped watching TV and the CIA needs him to reach more people.*

🧐
nevent1q…dyau

*Tucker Carlson (CIA) got "fired" by Fox news (even ...

2026-04-16T11:35:14Z

*Tucker Carlson (CIA) got "fired" by Fox news (even though he had the highest ratings 😂) just because people stopped watching TV and the CIA needs him to reach more people.*

🧐

quoting
nevent1q…dyau
The professor Jiang character is very interesting.

Graduated Yale university and used to work for the UN (aka the One World Government organization that sponsors child trafficking and genocide by vaccines).

He was suspected by the Chinese government of spying in 2002 and was deported 😂

Going viral organically doesn't really work in 2026. Platforms like Twitter, Youtube, TikTok, only promote content that pushes the official narrative (so plants and useful idiots).

After watching a few of his videos, I think it is very likely he is an intelligence asset (most likely CIA).

He could be a useful idiot but I find this less likely based on his takes.

It was much easier for intelligence agencies to control people's access to information pre-Covid.

Many more people used to watch mainstream media, but the CIA pushed the propaganda too far.

Once different networks started repeating the same script word for word, people stopped watching and lost trust.

The CIA knew they needed to keep control of the narrative, so they started pushing certain "independent media" personalities.

Tucker Carlson (CIA) got "fired" by Fox news (even though he had the highest ratings 😂) just because people stopped watching TV and the CIA needs him to reach more people.

In many cases, even when professor Jiang is likely correct about his conclusions, his argumentation is so flawed that he ends up pushing people away from the "conspiracy theory".

Watching some of his recent videos remind me of the recent podcast with Joe Rogan and Theo Von.

The whole podcast looked like a hostage video. Both completely compromised (especially Rogan) and terrified to not say something they shouldn't say.

Professor Jiang is a bit more subtle than these guys, but I still find it unlikely he's a useful idiot based on his interviews.

The "this is extremely dangerous to our democracy" moment is probably when the CIA knew they had to focus on pushing the "independent" media personalities.

Controlling the media is at the core of the protocols of the learned elders of Zion.

The CIA hasn't given up on propaganda now that mainstream media is cooked (only watched by boomers, retards, and retarded boomers).

*The next step…is…Functional separation from the [oppressive] ...

2026-04-15T08:20:45Z

*The next step…is…Functional separation from the [oppressive] systems that require your trust to operate*

quoting
nevent1q…0a7g
Knowing the state has a pattern of overreach means nothing if you still depend on its money, its communication rails, and its identity systems. You are not just skeptical, you are informed and compliant. Those are not the same thing.

The next step past distrust is exit. Not rage. Not protest theater. Functional separation from the systems that require your trust to operate.

Nostr event nevent1qqsyk9t97rylnzq3xa7m28kcgsjkupqaxkacx3d927wtcuj76zax8uqzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7pydyxs

2026-04-14T16:21:34Z

Nostr event nevent1qqszx9xv2g0e6064hwnsv6kn42ccl3md6u7gz7vsw4jpcp3w6ys9q9czyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7v9phd5

2026-04-14T09:48:23Z

*Regulators are trying to map the risk at the same time ...

2026-04-13T20:07:26Z

*Regulators are trying to map the risk at the same time policymakers are expanding it*

quoting
nevent1q…qsdn
The Federal Reserve is asking major US banks to detail their exposure to private credit funds after a surge in investor redemptions and a rise in troubled loans across the $1.8 trillion industry.

Fed examiners are incorporating the questions into routine bank oversight, specifically targeting the debt that private credit funds have taken on from banks. In good times, that leverage juices returns. In bad times, it puts bank collateral directly at risk.

Treasury is running a parallel effort, questioning the insurance industry about its own private credit exposure and assembling a dedicated team to assess the risk.

The timing matters. Retail-facing credit funds have come under pressure in recent months as investors rushed to pull cash. International regulators are sounding alarms too. FSB Chair Andrew Bailey warned this week that the Iran conflict is compounding stress in private credit markets.

Banks and private credit are deeply intertwined despite efforts to appear otherwise. Credit funds depend on banks for custody, credit lines, and leverage. Blackstone, Blue Owl, and KKR credit funds are running debt-to-equity ratios between 0.7x and 0.8x.

Jamie Dimon acknowledged the industry suffers from a lack of transparency and poor valuation standards, though he stopped short of calling it a systemic risk.

Meanwhile, the Trump administration is actively pushing to loosen lending rules for banks, partly to help them lend more to these same private credit firms. Regulators are trying to map the risk at the same time policymakers are expanding it.

Nostr event nevent1qqs88x5r8sx5g7ufegszhu578yey7q3vjm750q7s2esxzqqtqq3s2vgzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7q0gw8u

2026-04-13T18:33:35Z

Nostr event nevent1qqsg3tfqn28yg7jxq9sfejnan5xzup7r2gsuqvxt853yjuu3cpsxwzgzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7v8kml3

2026-04-13T17:15:10Z

*One reason that Orbán’s campaign focused so heavily on ...

2026-04-13T10:21:43Z

*One reason that Orbán’s campaign focused so heavily on foreign policy is that his domestic record was so poor. This is another lesson of his defeat: Populism is about winning the day, the week, the news cycle. To function, this one-battle-after-another mode of governance needs a steady stream of enemies. Orbán found plenty: NGOs, liberal universities, George Soros, the LGBTQ movement, the European Union.

But eventually you run out of dragons to slay. Much of Orbán’s campaign vilified neighboring Ukraine. Budapest is plastered with posters of Ukraine’s President Volodymyr Zelensky. Some read: “Danger!” Others read: “Don’t let him have the last laugh.”

Without a thriving economy, or a well-run healthcare system, or other policy achievements to point to, Orbán’s campaign instead aimed to scare Hungarians into voting for Fidesz by posing as the “safe choice” to protect Hungary from threats allegedly posed by Ukraine.*

In Hungary, Orbán’s loss shows how populism can run out of road | CNN https://share.google/egUoQcrnEd9NuatmM

Nostr event nevent1qqs2vud6uqeczp9hvrwjpd64jcc439pn57plcdkxy5qfhdql3mjr8hqzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7sgvnk9

2026-04-13T09:13:43Z

The AI Transformation Trap: Efficiency Isn't Preparation ...

2026-04-12T22:36:10Z

The AI Transformation Trap: Efficiency Isn't Preparation https://share.google/XYpdIWVXW07cGlEUn

Nostr event nevent1qqsr0ckdwwsnvfen793yv4lk4juk6nvzcn6496ejrv8u8t828vjqmygzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7rpglrg

2026-04-11T18:31:16Z

Nostr event nevent1qqsxxzxwzuxhsj29u5yzwhk5ecz4gwl72ykfudcn230sgu9w0x8zuzgzyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7swsuxm

2026-04-11T15:17:13Z

*Hashtree: a content-addressed file system on top of Blossom that ...

2026-04-11T09:53:01Z

*Hashtree: a content-addressed file system on top of Blossom that adds directories, file chunking, and encryption. Everything encrypted by default using content hash key encryption (inspired by Freenet), so Blossom server operators have cryptographic deniability about what they host.*

quoting
naddr1qv…ny9w

"We have this window of opportunity to steer the LLMs and the future of technology into a freedom-tech direction."

Martti Malmi & Gigi take a walk in Madeira. Recorded during SEC-07.

Listen on sovereignengineering.io

In this dialogue: - Martti's GitHub annoyance spawned Hashtree: a content-addressed file system on top of Blossom that adds directories, file chunking, and encryption. Everything encrypted by default using content hash key encryption (inspired by Freenet), so Blossom server operators have cryptographic deniability about what they host. - git remote hashtree: set up a hashtree remote for any Git repo, push to your Blossom server. Martti uses it for all Iris development, with GitHub only as a backup mirror. The web interface at git.iris.to supports NIP-34 issues and pull requests. - The WebRTC mesh layer complements Blossom: peers find each other via Nostr relays for the initial handshake, then communicate directly. Requests route through peers with hops-to-live (starts around 15, probabilistically varied for privacy). No domain names, TLS certs, or IP addresses needed. - Iris Browser loads apps from Hashtree URLs, bypassing web hosting entirely. Same idea as the old Freenet concept: content addressing means links don't break when servers go down. - Nostr VPN was born from Martti's refusal to use Tailscale's Google/GitHub login. Built in two days. WireGuard underneath, Nostr relays for peer discovery and IP negotiation. Every device gets an npub. Exit node functionality coming, with a future Cashu-incentivized exit node marketplace. - Double Ratchet messaging on Nostr: works well for two-party sessions, complexity grows with multi-device per user and group chats. Tested at SEC-07 via chat.iris.to with QR code invites. Martti prefers Double Ratchet over MLS for Nostr because MLS has stricter consensus requirements that conflict with decentralized relay sets. - "Coding is going to be done by AI agents pretty soon." Martti writes basically zero code by hand now, vibecoding over tradcoding. Claude Opus (late 2025) was the inflection point that enabled Hashtree. He expects fully capable local models within a year. - The window of opportunity: if freedom tech developers stop building now, Stripe, Cloudflare, and GitHub win by default because that's all the LLMs know. Getting freedom tech into the training data matters while models are still being shaped. Gwern wrote about this dynamic years ago in Bitcoin is Worse is Better, and his Scaling Hypothesis hints at where the AI side is headed. - AI agents will eat network effects: your agent queries ten platforms, posts to all of them. The bundled interface becomes irrelevant. Big tech's moat dissolves. "An ouroboros effect, the snake of big tech eating its own tail." As Jack Dorsey recently put it, the killer feature of Bitcoin and Nostr is that they're permissionless. - Pre-Nostr, Martti built Iris on Gun.js as a public-key-based social network. No traction after two or three years. When Jack Dorsey joined Nostr and it gained community, Martti ported Iris over quickly. - The Ethereum confession: social nouns NFTs, Ethereum login in early Iris. "Every saint has a past, every sinner a future." The Bitcoin community's cultural friction was an interesting experience, but Martti found the maximalists more admirable than other groups. - Early Bitcoin: first commit around early 2010, ran bitcoin.org, built the first exchange (bitcoinmarket.com), sold over 30,000 bitcoins through it. Life happened, moved on, came back through Nostr. "Bitcoin is singularity insurance" -- the one thing machines can't make more of. - Web of trust vs. proof of work for fighting spam: PoW won't stop spammers more than it stops normal users. Social graph is the only proper solution for most interactions. A combination of both has its place, but WoT does the heavy lifting. - Identity is prismatic: as moot argued in his SXSW talk, you're not the same person at church, the nightclub, or work. Nostr enables multiple npubs for different contexts. But spam is the trade-off with free identity creation, and social graph is the only proper solution. Web of trust filtering in Iris means no NSFW spam, at the cost of possibly missing new users. - Content addressing as the foundation: files live in multiple places, links don't break, peers cache data from their social graph. DNS-like caching but without the hierarchical trust. "No global" is a feature. - Local agents as a privacy layer: if your AI agent is your interface, platforms can't fingerprint your typing patterns. Even traffic analysis becomes harder with noise-based bandwidth usage. - FIPS is Martti's most exciting Nostr project outside his own work: public key-based network routing that replaces IP addresses. Low-level infrastructure that could underpin everything else. - SovEng experience: "awesome", intense from morning to evening, a teenage dream of hacking with people on a beautiful island. Came on short notice after Jonathan reached out following the Nostr VPN release. - Martti's ask: use Hashtree, default your repos to hashtree remotes, solve real problems. "Nostr VPN actually solved a real problem. Scratch your own itch."

People mentioned: - Justin Moon (browser discussion, GitHub stars feature request) - Jonathan Corgan (FIPS creator, invited Martti to Madeira) - Pablo (Nostr Signer / Nsec Bunker) - Kieran (social graph library usage in Snort/ZapStream) - Knut Svanholm (early Bitcoin history conversation with Martti) - Gwern (Dwarkesh interview) - utxo the webmaster (Wisp creator) - jb55 (Damus / Notedeck) - Christopher Poole / moot (4chan founder) - Vitor Pamplona (Amethyst) - isolabellart (Nostr-native artist, isolabellart.it.com) - Sir Sleepy (traffic analysis demo) - Jack Dorsey

Projects & tech mentioned: - Hashtree (content-addressed file system on top of Blossom: directories, file chunking, encryption by default) - git remote hashtree (decentralized Git using Hashtree storage, replacing GitHub remotes) - git.iris.to (web-based Git interface with NIP-34 support: issues, pull requests, likes) - Iris (Nostr social client with built-in social graph filtering) - Iris Browser (loads websites and apps from Hashtree URLs in a content-addressed way) - Nostr VPN (WireGuard tunnels using Nostr relays for peer discovery and signaling, no accounts needed) - Nostr Double Ratchet (Signal-style encrypted messaging on Nostr with group chat support, demo at chat.iris.to) - Blossom (content-addressed blob storage) - WebRTC mesh (peer-to-peer data transfer, works in browsers and servers, probabilistic routing with hops-to-live) - FIPS (Nostr public key-based network routing, by Jonathan Corgan) - Reticulum (low-bandwidth mesh networking stack) - LoRa (long-range, low-power radio for mesh networking) - MLS / White Noise (encrypted group messaging on Nostr) - Marmot Protocol (encrypted messaging protocol for Nostr) - Freenet (early content-addressed peer-to-peer network, inspiration for Hashtree's encryption) - Ladybird (independent browser implementation) - OpenClaw (open-source AI agent harness) - Cashu (eCash on Bitcoin, future incentivized exit node payments) - Maple (privacy-preserving AI inference) - Trusting Trust (the problem of trust in computing) - Routstr (Nostr-based AI routing) - PPQ (decentralized AI inference) - Amber (Nostr signer for Android) - Aegis (Nostr signer for iOS) - Plebeian Market (Nostr marketplace) - Shopstr (Nostr marketplace) - Amethyst (Nostr client for Android) - Wisp (Nostr micro-client) - Damus Notedeck (Nostr client with app shell, built on nostrdb) - ContextVM (execution environment for Nostr) - Vertex (web of trust tools) - Relatr (relay-side WoT filtering on ContextVM) - Eternal September (what happens when a subculture scales) - Zooko's Triangle (the naming trilemma: human-meaningful, secure, decentralized) - nsite (Nostr-based web hosting) - Commander Keen (DOS-era classic) - IPX/SPX (LAN party networking protocol) - Pirate Bay (decentralized resilience patterns that Nostr echoes, Peter Sunde: "I Have Given Up", keynote)

Recorded at 943,634.

Nostr event nevent1qqsqj8j2c9yv5xsdgd59c0vr9s8h4rae4vane88gnrzjly8w9mztpqczyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc788hs4h

2026-04-10T11:08:05Z

A beautiful leaf of the dogwood; see the insects at the bottom, ...

2026-04-09T11:39:16Z

A beautiful leaf of the dogwood; see the insects at the bottom, presumably working for food

Nostr event nevent1qqszdw6vu87p0qwk3fr48lmmyq02nvvkjpswhnsfyjj4d82ua8ucewszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7lyvuj4

2026-04-09T11:37:24Z

Pay-to-post increases content quality Value-for-value increases ...

2026-04-08T15:58:34Z

Pay-to-post increases content quality
Value-for-value increases content quality
Profitiability affects user retention

quoting
nevent1q…063e
Zaps obviously make social media better.

But what about requiring users to pay some sats before they post?

For the last 8 months, an economics professor has been studying pay-to-post on stackernews (nprofile…8syn)

Here's what they found out:

https://stacker.news/items/1367455

https://stacker.news/items/1467393/r/halalmoney

2026-04-08T15:44:31Z

In reply to nevent1q…7nz8
_________________________

https://stacker.news/items/1467393/r/halalmoney

As the days pass, more flower buds open up ...

2026-04-08T15:24:43Z

As the days pass, more flower buds open up

As the days pass, more flower buds open up ...

2026-04-08T15:24:13Z

As the days pass, more flower buds open up

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2026-04-07T14:57:50Z

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2026-04-07T11:17:37Z

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2026-04-06T19:53:41Z

Nostr event nevent1qqs8dh787w4vjwrsfrt8dr2h7ehn4hn5kkyyv36fftz2sx6nfl2d2zszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc70p7l3p

2026-03-30T16:41:27Z

Because the next election is always the most important one…. At ...

2026-03-30T15:50:05Z

In reply to nevent1q…ufw7
_________________________

Because the next election is always the most important one….

At each election there’s always more at stake than the last; and the lies expand accordingly

Nostr event nevent1qqs0d59vwg7209csz74ya55dwy46jv9w2hj5xepssmal2gnazu5erlszyp3h5tca5hf0cxtkc98vqruw4eqpttlfnwe92nca2d7spp4pd8wc7vx4z25

2026-03-30T14:40:19Z

🤔 *Innovation begets more of it, and the soaring productivity ...

2026-03-30T14:25:46Z

🤔

*Innovation begets more of it, and the soaring productivity is a magnet for the finance that authors economic growth. The Fed factors in none of this.
If anything, what’s happening presently is yet another reminder that the Fed isn’t terribly relevant. That’s because credit is produced. No one borrows money, or sells shares in their business for money, rather all attempts to attain money are about acquiring resources: market goods, services, and most crucial of all, labor. The Fed produces none of the three.
As for Nvidia, it exemplifies what credit is. What expands credit is productive economic activity, and nothing else. Conversely, a lack of productive economic activity is the only way to shrink credit access….

Credit isn’t something the Fed can tighten (Friedman’s monetarists), or expand (Austrian School religionists who find hyperinflation wherever they look care of the Fed creating the impossibility that is “excess credit”), rather it’s an effect of production finding production. It’s a reminder that Nvidia is credit expansion personified, while the Fed is but a distraction for economists.*

Excerpt From “Nvidia Is Credit Personified While The Fed Is A Pointless Distraction”
Forbes
https://apple.news/AqyrM1qeWSxaAiirwPtroSQ

*The Triffin Dilemma has no clean exit within the current ...

2026-03-27T19:17:04Z

*The Triffin Dilemma has no clean exit within the current monetary system. You either run deficits forever or break the global financial plumbing trying to stop*

quoting
nevent1q…97aq
The U.S. has run a trade deficit for 50 straight years. Most people think that's a policy failure. It's actually a structural requirement of running the world's reserve currency.

When every country needs dollars to settle trade and hold reserves, the only way to supply them globally is for America to import more than it exports. Economists call this the Triffin Dilemma.

This creates a brutal paradox for anyone trying to "fix" the deficit through tariffs. If you actually balance trade, you choke off the global dollar supply — triggering credit crunches, collapsing currencies, and cascading defaults on dollar-denominated debt worldwide.

The most likely response to that crisis? More money printing to flood the system with liquidity, exactly like the COVID response.

The Triffin Dilemma has no clean exit within the current monetary system. You either run deficits forever or break the global financial plumbing trying to stop. Bitcoin sits outside this trap entirely, and every print-squeeze-print cycle makes that harder to ignore.

I unpacked the full Triffin Dilemma and what it means for your bitcoin thesis in FIRE BTC → https://firebtc.io/p/trump-be-triffin-bro

Nostr notes by halalmoney

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https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

https://www.groundbrkr.com/p/the-teaser-period-why-the-ai-boom

Reinhart and Rogoff titled their history of eight centuries of ...

Reinhart and Rogoff titled their history of eight centuries of ...

Last week, UCLA mathematician Terence Tao wrote a Mastodon thread ...

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*the task of making something good — of arriving at a solution ...

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Sorry to hear you this, mleku.

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@npub1aqa…237n A 65-year-old programming language called COBOL ...

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When will the bitcoiner think in terms of power? Perhaps when he ...

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If you removed all the empty space from the atoms in every human ...

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When you're notified of an online zap.... ...

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For real heart protection, the weekly exercise number climbs far ...

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Take a moment to appreciate the irony and then get off your ...

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*Even apart from our diminishing propensity to have children, the ...

Too. Much. Information. 😆

*Writing isn’t just the production of sentences – it’s the ...

On a long enough timescale, no mortal escapes justice

*paper money is not a savings vehicle, it's a managed loss* ...

*One does not simply walk into Bitcoiners' corner of social ...

*Each crisis produces legislative architecture that concentrates ...

The Eternal Conflict, Restated

Fascism Is the System, Not the Bug

The Soft Fascism of Point Five

The Jekyll Island Pattern

The Stablecoin Trap and the Monetization of Serfdom

Bitcoin as Structural Dissent and the New Underground Economy

*Find the lie and you find the front line* #nevent1q…kln3

https://stacker.news/items/1481449/r/halalmoney

*There is no shortcut to finding intelligent or ethical people* ...

Ouch. Taxes plus Stockholm Syndrome 🫠 Breaking free won’t be ...

It’s a picture of the sky earlier today. Beautifully blue, but ...

TIL about anaphora: a rhetorical device where a word or phrase ...

https://stacker.news/items/1477917/r/halalmoney

Not a single cloud….. ...

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*Laypeople tend to want digestible, simple answers that feel ...

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Magyar wants to put the Austro-Hungarian Empire back on the map ...

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Oh, that last line 🤣 *…his government is highly corrupt and ...

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*Nostr accumulates trust signal passively, as a side effect of ...

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*Tucker Carlson (CIA) got "fired" by Fox news (even ...

paper money is not a savings vehicle, it's a managed loss ...

Find the lie and you find the front line #nevent1q…kln3

There is no shortcut to finding intelligent or ethical people ...