‘Perhaps one did not want to be loved so much as to be understood’

— George Orwell, 1984

I still need to read 1984 🙈

El Salvador's Bitcoin experiment failed. The Chivo wallet will be shut down, El Salvador now has to collect taxes in the US Dollar. Bitcoin is effectively no longer legal tender, and the IMF had to bail out the country.

Howard Lutnick (the latest lead investor in Tether who also manages Tether's US Treasuries) has been selected as Trump's Commerce Secretary.

Tether and the Bitcoin Strategic Reserve could possibly become the most significant financial fraud in US history.

Bitcoin and Tether need to be exposed before the US taxpayer gets rugged.

I don’t know who needs to hear this, but I ignore 2+ hour podcast episodes. There is no topic you can’t edit to 20-40 minutes max. If you genuinely have too much great content, break it into multiple part episodes, like the Saylor Series.

My husband’s 8-year-old niece is having a birthday party with relatives and friends invited. But all seven friends declined to come, one by one, either due to getting sick or family issues or because some of them have big tests.

And the mom was hesitant to tell her about the last ones, including her best friend, being unable to come, since that final piece of news is devastating. So when we arrived, the niece was super happy, dressed up like a princess, showing us all the decorations and picking which colored forks each of her friends would have for the cake.

Basically, the expectations and reality couldn’t be more starkly different. It was like a comedy show setting up for a sad punchline. And eventually the mom dropped the bombshell, crying ensued, etc. The niece said this would be awful since her party would be all adults talking.

So, now I’m playing My Little Pony with her for damage control. Next, I’m going to blow up a lot of balloons to throw around with her and challenge her to see how many she can keep in the air at once. And then she wants to watch Inside Out 2 together.

How’s your day going?

Heating miners for retail 🔥

This is hard without defined terms. People use the word "miners" interchangeably. Miner can refer to an organization that mines #Bitcoin or it can refer to an individual machine. For this instance I will use "machine" to describe individual hashing machines and "miner" to mean the person/organization behind the machines.

Hashrate increasing means that more machines are being turned on, whether that's a big miner like Riot or Marathon getting in a new shipment of machines, or individual miners turning on more machines to try their luck solo, or pointing towards ocean.

Each machine has a hashrate, ie 110TH/s (tera-hash per second) so if the global hashrate is going up, it's because more of these machines are going online.

“Do you really think Bitcoin is going to 100 million per coin?”

Yes. I do.

not solve, but its batching can make the cost to spend a UTXO less

Dip down to 105 means I get to do a smash buy!

I don't think it's a good idea to nominate 1 Bitcoin to 1 Satoshi. This step will confuse normies and lead to many unnecessary errors/losses with wrong transactions. I think Bitcoin/Satoshi(Sats) is like dollars and cents, we just need to promote satoshis more.

How is 1x1=1 multiplication?

Running nostr