“Imagine waking up in a world where every piece of information you encounter is carefully filtered by faceless algorithms. Your online interactions are curated not by your preferences, but by the agendas of corporations and

“Bitcoin is the most potent device ever invented for transferring wealth from the impatient to the patient. Be patient.” — Ross StevensRoss Stevens brings us back another brilliant piece in the Stone Ridge investment letter

“Ecash got reintroduced with the two open source projects Fedimint and Cashu. In my opinion, the main reason for this revival is the following fact: Unlike an implementation of ecash in the fiat world, that

“Ossification is complacency. Yes, we all agree that Bitcoin is great. But _I do not agree_ that Bitcoin has reached its full potential. I think complacency is one of the greatest threats to Bitcoin –

“Imagine a sports game where different players are motivated by distinct incentives, defenders aiming to pull the ball outside the field, midfielders prioritizing maximum passes, attackers focused on scoring the most goals, goalkeepers rewarded for

“This is also an interesting case study in how Bitcoin resists duplication. You can create something which looks cosmetically similar to Bitcoin, but you cannot replicate the settlement assurances which derive from the costliness of

“Panic is rising. Bitcoin, the way out of their giant Ponzi scheme, does not want to die, but the survival of the fiat system depends on the lack of an alternative. The entire system is

“There is no justice in following unjust laws. It’s time to come into the light and in the grand tradition of civil disobedience declare our opposition to this private theft of public culture. We need

“How could any financial system avoid being captured by those who already hold the most power and wealth? Won’t it just lead to the same unequal system again, only in a new form?” you might

“The server owns your data, owns your account, and owns the cryptographic keys used to secure it.
That last bit is obscure, but important. Cryptographic keys are how we enforce security, privacy, ownership, and

“The market of bitcoin holders will ultimately expand to be larger than the size of any single country, and direct exchange will be possible by and between more people than ever before. That itself might

“A victory in revolution doesn’t come free or easy. For Bitcoin to really do what many of us hope it can, it’s really necessary at the end of the day to walk a painful path.

“These findings are notable because they demonstrate that even though the strength of the correlation may vary based on the time frame, Bitcoin’s price direction generally aligns with the direction of global liquidity. Furthermore, its

“Sadly, there has been very little in the way of a clear definition of MEV in the context of Bitcoin. And the standard definition of the term is so broad as to be entirely useless

“I’m not asking you to fight the Beast of Big Politics, Big Tech and Big Media.
Honestly I don’t know how you would. This is the end of an age, the _fin de siecle_,

“Sometimes your gut feelings lead you astray—particularly in mathematics, in which one constantly comes across results that seem impossible… There are also many scenarios that appear contradictory at first glance (or second or third). These

“Using the COLDCARD Mk4 is pretty straightforward. Yet, what goes on under the hood is far from obvious. Technical documentation, the hardware specifications and code used are available, yet not easily understandable by all. To