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TheGrinder
6e75f7972397ca3295e0f4ca0fbc6eb9cc79be85bafdd56bd378220ca8eee74e
Sovereign, creator of bitcoins, future owner of Mars. 0863F34D0311FC550226F06A376B54D5650980FB

Lemmings was probably the most accurate civilisation simulator ever designed....

sub 100k will break the trend BTC has been following since Jan '23. Let's see if we get a proper bounce when hitting 110k again.

something something SEC and rate cuts.

or against the murder of innocent people. Something God doesn't appreciate.

That wont happen if the circulating supply disappears in wall street vaults.

Replying to Avatar Beautyon

The Durov case and many other reasons are why companies avoid basing themselves in France. No Social Media platform will seek to headquarter in Paris. It’s unthinkable.

And the French government can’t go after Andrew Torba who runs GAB because he’s an American operating GAB in America. If GAB launches end to end encrypted chat or anything the Z French government doesn’t like, there’s nothing they can do about it.

The solution to “government overreach” is not building systems that can’t be cracked or stopped; they’re persecuting Durov without any proper cause. If your name is associated with a tool that the French government can’t stop or crack or track, they will come after you. This isn’t about right and wrong, following rules or logic.

This is not about technical capabilities or clever architecture, “frenz”; this is about computer illiterate tyrants who can’t understand detail or scale or ethics, and if they can, don’t care, because they want to sacrifice Durov to scare everyone.

The next iteration in this is to criminalise the authoring and distribution of unlicensed privacy software. The first part, distribution, will stop ordinary people from accessing Telegram or any tool that keeps messages private. This is easily done through Google Play and the Apple App Store. The second will totally dry up the developer pool of people working on privacy software, because none of them want any trouble. Oh, and GitHub will ban your repo, frenz.

Before you write “Hello World” in your new tool, you will need to have a Developer’s License before starting work, even in the conceptual stage. It will be illegal for you to share any design, algorithm or outline without both you and the idea recipient having a current Crypto Software Development License.

If you think this is completely impossible, please see Bernstein v. US Department of Justice https://medium.com/swlh/why-america-cant-regulate-bitcoin-8c77cee8d794

The answer to this is not “build your way out of it”, obviously.

The answer is to first curb the power of the state to persecute software development and distribution before you write “Hello World”. You do that by making the State smaller. You make the state smaller by instantiating sound money. That means globalising Bitcoin.

And how do you “globalise Bitcoin?”

10,9,8,7,6,5,4,3,2,1…..

And in case you didn’t know, rote recitation of catchphrases and infantile feel good gibberish will not stop the persecution of Durov, remove KYC in Bitcoin or stop the emergence of Crypto Developer Licensing.

https://x.com/durov/status/1959676036507205649?s=61&t=eyjJ5IvKiAtPIDSBRekpmA

"If your name is associated with a tool..." says everything that has to be said. Swallow the need for recognition and just build things the world needs.

With this being the worst epoch since Bitcoins launch, this is already very cheap. You have to thank wall street and co for their continued price suppression.

Replying to Avatar Mr Anderson

Going by this, Arni got scammed 😆

We're all getting.... cheap sats!

Replying to Avatar Ben Ewing

🚩 False Dichotomies

1. “A network is either permissionless or authoritarian. Open or closed. Censorship-resistant or censored.”

✘ False dichotomy.

• Networks exist on a spectrum: some are semi-open (e.g. federations, permissioned blockchains, P2P overlays).

• Permissionlessness can also be partial (open to connect, but with rate limits or whitelists).

• “Authoritarian” is a rhetorical label — most systems balance openness with practical controls.

⸝

🚩 Spam & Security Assumptions

2. “Open networks inevitably run into spam and impersonation.”

✘ Misleading.

• True they are vulnerable, but mitigations exist beyond just PoW: rate limits, staking, identity attestations, proof-of-human systems.

• Saying “inevitable” ignores 30+ years of real-world open systems like email (with spam filters, DKIM, reputation systems).

3. “Sybil attacks, DDoS attacks, resource exhaustion… can only be solved via PoW + WoT.”

✘ Wrong.

• Proof-of-Stake, proof-of-space/time, trusted hardware, economic bonding, and many other mechanisms also mitigate sybils.

• Web-of-Trust (WoT) has historically failed to scale (PGP being the canonical example).

⸝

4. “I include sats in this equation implicitly, because sats are just difficulty-adjusted PoW.”

✘ Wrong.

• Sats are ledger entries, not work itself. The work (hashing) secures the chain; it doesn’t imbue the units with intrinsic PoW that can be “re-spent” elsewhere.

• PoW isn’t portable: you can’t reuse Bitcoin’s PoW to defend against email spam, DDoS, or sybils. The work is consumed once in block validation.

• Claiming sats = PoW overstates what they can do outside the Bitcoin ledger.

⸝

🚩 Identity & Money Claims

5. “Identity has to be cryptographic, which means taken and defended, as opposed to given.”

✘ Overstated.

• Cryptographic keys = control, but most identity in practice is socially anchored (governments, institutions, web-of-trust attestations).

• Purely cryptographic identity (keys alone) fails when keys are lost, stolen, or reset.

6. “Money has to be bearer instrument … cash, not credit.”

✘ Misleading.

• Most modern money is credit-based (bank deposits, treasuries). Bearer instruments (cash, gold, crypto) exist but are not the only form of “money proper.”

• This is more of a philosophical preference than a factual truth.

⸝

7. Keys and sats have the power to usher in a new era of the internet.”

✘ Overclaim.

• Keys already underpin the internet (TLS, SSH, DNSSEC). They don’t, by themselves, fix spam, identity, or governance.

• Sats are not a generalized anti-spam tool. Even with protocols like bithash on nostr, using payments as a universal rate-limit is impractical: too costly for normal use, easy to bypass via custodians, and risks centralizing around payment hubs.

• Cryptographic signing ≠ trust. Signing proves a message came from a key, but not that the key belongs to who you think, or that the content is truthful. Saylor’s “private-key identity” vision collapses without external social/organizational anchors.

• In short: keys + sats can improve certain systems, but they cannot alone restructure the whole internet.

8. “The Web is dead. Long live the web.”

✘ Rhetorical flourish, but misleading.

• The Web is evolving (Web3, federated services, p2p overlays). It’s not “dead,” just changing.

⸝

✅ In short:

• He sets up false dichotomies (“open or authoritarian”).

• Misrepresents sats as “just PoW.”

• Ignores non-PoW solutions to spam and Sybils.

• Treats WoT as viable at scale when history shows otherwise.

• Frames bearer-money-only as a necessity when in reality credit money dominates.

• Declares “Web is dead” for rhetorical drama, not accuracy.

Hi GPT

As a sovereign I'm anti-everything by design anyway 😉

Yeah it's kinda flatlining just below the 50 RSI. Needs to be flipped above the 50 level.

Generally my lowest timeframe is 4h. Anything below makes me anxious and stuff like the 5 min chart could give me a heart attack. I leave those timeframes to the overleveraged gamblers.

If Michael says so. I feel much better already 😏

I did... and it's gone!

I only watch HD porn in my home cinema on the big screen. When I watch it on my private plane on the phone 480 is good enough to flap before landing.