Mont St Michel was never conquered.

Mont-Saint-Michel - Wikipedia

#citadel #coffeechain

Stupidity is a verb not a noun. It is a conscious choice, a state of choosing to remain ignorant

Stargate AI Larry Ellison is Bill Gates with smaller teeth

Darth sith

Satoshi is Robert Tappan Morris Jr

How will it be slain? By piercing it with 21 million bitcoin lances of truth. - The final line of The Creature From Jekyll Island.

In the mind of the beginner there are many possibilities. In the mind of the expert there are a few. - founder of the San Francisco sinsuki center

So the documentary "everything is a rich man's trick" is true

X (formerly Twitter)

Shadow of Ezra (@ShadowofEzra) on X

An audio recording has emerged in which Clifton Carter, a former DNC executive director and close associate of Lyndon B. Johnson, allegedly implica...

I am not John The Baptizer

Every dollar lost since 1913 will be returned to btc !

The famous abandonware webring

The Abandonware Ring

The Abandonware Ring | Born in 1997 // Reborn in 2025

The original Abandonware Ring reborn for a new era. Explore classic DOS and PC games, discover the retro gaming scene, and shop the vintage games m...

Discord

Join the The Abandonware Ring Discord Server!

Formed in 1997, The Abandonware Ring (tAR) coined the very term “abandonware”, giving a name to software and games that the industry left behin...

Analysis of the 2024 Blockchain Security and Anti-Money Laundering Annual Report: DPRK & Money Laundering Tools https://slowmist.medium.com/analysis-of-the-2024-blockchain-security-and-anti-money-laundering-annual-report-dprk-money-ad8b17bf8e19

Bitcoins inflection point or Overton window: Fully homomorphic encryption will make it so all computers on the planet will be safe and secure application hosts and be funded with digital cash. It's all in Tim Mays cypherpunk manifesto.

CoinSwap privacy tool finally released (as public beta) Coinswap is a decentralized atomic swap protocol that enables trustless swaps of Bitcoin UTXOs through a decentralized, Sybil-resistant marketplace. While atomic swaps are not new, existing solutions are centralized, rely on large swap servers, and inherently have the service provider as a single point of failure (SPOF) for censorship and privacy attacks. This project aims to implement atomic swaps via a decentralized market-based protocol. The project builds on the work of many predecessors and is a continuation of Bitcoin researcher Chris Belcher's teleport-transactions. Since Belcher's prototype, the project has significantly matured, incorporating complete protocol handling, functional testing, Sybil resistance, and command-line applications, making it a practical swap solution for live networks.

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Citadel FOSS (@citadelfoss) on X

🚨Introducing Coinswap v0.1.0🚨 The first public beta release of the Coinswap protocol is LIVE on Testnet4! Calling all shadowy supercoders t...

GitHub

Release v0.1.0 · citadel-tech/coinswap

🎉 Coinswap v0.1.0 - First Public Beta Release! 🎉 We’re thrilled to announce the first public beta release of Coinswap: a decentralized, Syb...

A little post on 'real rates' and how they will inflate the debt away: Because of the fiscal picture, the US now requires negative real rates. The real rate of return (in reference to treasuries) refers to the spread between the yield on a bond, and inflation So, a 4.5% 10yr treasury returns a 1% real return when inflation is 3.5% On the other side, if the 10yr treasury is yielding 4.5%, but inflation is 6.5%, the real rate is a negative -2% The implication here, is that when real returns are positive, the government is losing money and debt load is getting worse When real rates are negative, that means the government is making money off its debt and debt load is getting better Example: Say govt sells a 1yr bond for $100 The inflation rate is 10% The yield on that 1yr bond is 1% That means at the end of this period, the govt has paid out the initial principal ($100) + $1 of interest for a total of $101 However, because inflation ran at 10% over that year, it now requires $110 to equal the purchasing power of that initial $100 That bondholder got his principal back, and he also got his yield. However, he lost money ($110-$101= $9 loss) When real rates are positive, the bondholders are making a positive real return. That positive return is coming from us (mainly through an increase in the debt and deficit, since we run a twin deficit). It's not like that real return is being paid for via taxes... We, the taxpayers, are on the side of a losing trade. And the result of that losing trade, is an increase in the debt and deficit since we cannot afford to pay for that out of GDP or GDI When debt to GDP is 125%+, nominal debt is $35T, interest expense alone is 25% of tax receipts, this is unsustainable and just plunges the US further into fiscal dominance The longer this goes on, the worse the deleveraging will have to be In this chart, we can see the real rate of return on the 10yr treasury, minus the Core CPI YoY. Any positive real return is green, negative real rate is red White line shows the govt debt to GDP We see a very obvious inverse correlation As debt/GDP goes higher, real returns fall (they must) We also see that the decrease in debt/GDP from 2021-2023 corresponded, directly, to significantly negative real rates Now, what bond holder is going to want to lose money on their trade? None of them. No one wants to be a sucker. [Remember, value of a bond is inverse to the yield - as the value of a bond goes down, the yield goes up and vice versa] Bond holders will sell their bonds when they think inflation will outpace the yield. This means that yield goes up. It's a self-correcting market. If the bond market sees inflation picking up and thinks that inflation will leave them with a negative real return in the future, they will sell the bonds that they believe have too low of a rate which drives the yields up. We see the US 2yr yield (blue line) increasing in 2017-18 before inflation data showed an increase in inflation. This works the other way, too. If the bond market thinks inflation will fall (economic slowdown), the bond market will buy bonds that it believes have a higher yield than the future economic growth. We also see the 2yr yield (blue line) topping in Sept 2018 and falling, before the CPI data showed a fall in inflation This is why the bond market is so important. Now, what this means is that to get a significant real return for any meaningful period of time, the bond market cannot be allowed to function freely. It needs to be controlled. Yields need to be capped like Japan did with Yield Curve Control (YCC) How do you do this? Well, the central bank prints money and uses that money to buy bonds (sending yields lower) They print as much money as needed to keep the yield at whatever level they are targeting So far in 2024 (just 4 months), the US has sold $9.7 trillion of government debt. Yes, some of this is rolling off old debt and not necessarily a net increase in debt. But, in terms of YCC, it doesn't matter. It doesn't matter if we are rolling old debt, or issuing new debt- In order to get the yields down, the Fed will have to print money to buy the bonds to bring the yields down The sheer volume of money that will be needed to printed to buy this debt will be enormous. Obviously it won't be buying every single bond, but even if it's 50%, the numbers are staggering. This is what is coming, because it has to

the European central banks recent paper on BTC.

The distributional consequences of Bitcoin by Ulrich Bindseil, Jürgen Schaaf :: SSRN

The original promise of Nakamoto (2008) to provide the world with a better global means of payment has not materialized. Instead, the focus has inc...