@Anil ‘s presentation is a must watch. View quoted note →

It’s 4am. Following thought: The Netherlands is under full US control. The Chinese did get a good run over the past years. They could import the chip making machines from ASML. Now that the US determines what is being manufactured in the Netherlands for China we most likely end up seeing the next step of “sanctions”. Remember the farmers protests? Farmers were protesting for an upcoming “land grab”. But i see it more as a bailout. The Netherlands exports 80% of its pork to China and is one of the largest producers and certifiers of milk powder after the child formula disaster. When China stops imports the NL is up for a rude awakening. The technology of ASML is wanted, the new French CEO wants it to move to France. But the US wants it. Now what if the Netherlands would push for a war with Russia and a bomb would go off at ASML. EU is unsafe to guard for the technology of the future of mankind. Should we ship ASML to the US? Just like the gold during WW2? We are not prepared for what is about to come. The interesting part is, we will have a “blown up pipeline” kind of situation.

WIRED

Semiconductor Giant ASML Has a New Boss, and a Big Problem

European chip machine-maker ASML is at the center of US-China trade tensions. Its new chief executive now faces a daunting political juggling act.

This guy has been building a shitload of stuff. Listen and ask questions about the future of payments. View quoted note →

Why is a wave measuring pole white? #asknostr View quoted note →

Proof of Assembly just dropped. View quoted note →

Proof of Work. Open Source Mining United. View quoted note →

I was intrigued by the stories of Mircea Popescu years ago. This story is a nice read: “You've got to earn your place on it by doing real things that serve other people, without fear or favor.” View quoted note →

At least we see an increase in people educating themselves with @Saifedean Ammous ‘s bitcoin standard in Dutch… View quoted note →

People don’t see what we’re dealing with behind the scenes. As a chairman of the United Bitcoin companies the Netherlands (VBNL) a lot is happening. In the last few months we had serious issues with the bank that facilitates most on/off ramping for exchanges in the Netherlands. In January a large part of the bitcoin exchanges received a cost increase from €499,- to €4999,- per month for their bank account. In April they received a letter that the companies had until 10th of June to move their funds and operation to another bank. The bank accounts were going to be closed down. The issue is that many exchanges have built extensive API’s for smooth on/off ramping with this bank. So this was a move that caused a lot of stress for many people. Communication with the bank was impossible. So every individual company took them to court. Only one case was actually brought into the court room and the company won. The other companies received a message they could hold their bank account. The insane cost increase is still there and creeping further through the list of bitcoin companies. We’re now looking at a way to reduce the cost, because for small companies it means bankruptcy. This we do as companies together. And VBNL has been doing this for over a decade now. For now it’s a bank, and on 10th of September we’re facing an even larger cost issue. The Dutch central bank. We won the court case with 11 exchanges but off course they appealed and now we’ll be standing at the Supreme Court. The central bank has burdened the exchanges with millions of regulatory oversight cost that were not lawful. A win during this court case would not only drop the cost for the exchanges between 2020-2024 but most likely also impact future cost under MICAR and the Authority of financial Markets. We’re currently looking at a €5.6 million cost from just AFM for the ongoing regulatory oversight for MICAR in 2025. Wish us luck. View quoted note →

Our little sovereignty shop is now on Nostr. Follow it and enjoy what we’re building and working on. There’s a lot of news coming in the next months. First a lot of proof of work to be done, by many. View quoted note →