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Raoul Cavalli
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A sovereign individual.

Most people think Bitcoin governance is decentralized. It’s not.

Here's the uncomfortable truth:

You don’t need 51% of miners to change Bitcoin.

You just need 5 Core maintainers and a network of node operators who click “update” without reading.

That’s not decentralization.

That’s blind trust in a gatekeeping elite.

Here is how.

Bitcoin's 51% hashpower rule protects against double-spends, not protocol changes.

Changing the rules requires consensus. but in practice, consensus often follows the code, not the other way around.

When Core maintainers approve a change, it propagates silently.

Most node operators don’t audit code.

They trust.

They comply.

Exampl: #OPRETURN

Core removed the 80-byte limit with almost no discussion.

Thousands of nodes implemented it automatically.

Most had no idea what changed.

That quiet change triggered a silent revolt:

#Knots node usage surged 137% as informed operators rejected Core’s move.

But let’s be real:

That’s a small, technical elite.

Most #node runners are flying blind.

This creates a hidden centralization vector:

#Core devs don’t just write code. they decide which changes even get considered.

If they don’t approve it, it doesn’t reach the network.

They control what’s ‘acceptable’ and that shapes Bitcoin’s future more than most realize.

They decide which changes are “reasonable.”

And that shapes Bitcoin’s future. far more than people admit.

This isn’t about malice.

It’s about structure.

Complexity creates dependence.

And dependence creates power.

#Bitcoin’ s biggest centralization risk isn’t hashpower.

It’s the silent authority of trusted code maintainers (of the most dominated node sotwares out there) and the myth that decentralization protects us from that.

I feel like an 18yrs girl driving a Lamborghini (same parallelism with running my node). No idea what happens under the hood.

LOYALTY POINTS ARE DEAD.

A client came to us with a familiar question:

“How do we reward customers in a way that actually means something?”

They were in tourism, serving international guests, high-volume spenders, and return visitors.

Common point systems and equivalents:

Don't travel well

Don't excite anyone

Are seriously obsolete

So we flipped the model.

Instead of giving points, we gave satoshis - fractions of Bitcoin.

Why?

Because unlike traditional loyalty points, satoshis:

Hold value

Work across borders

Introduce customers to a new monetary network

And look, it worked:

1/ Customers were more engaged and excited

2/ The brand was positioned as forward-thinking

And the backend? Simple to track and scale.

Here’s the playbook we used ↓

1/ Reward in satoshis, not points.

2/ Track sign-ups and redemptions through existing CRM tools

3/ Test it in one store or location before scaling

4/ Tailor sat rewards to high-value spending behavior

5/ Measure results after 30 days: engagement, repeat spend, awareness

This wasn’t about “bitcoin hype.”

𝗜𝘁 𝘄𝗮𝘀 𝗮𝗯𝗼𝘂𝘁 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝘁𝗵𝗮𝘁 𝗮𝗰𝘁𝘂𝗮𝗹𝗹𝘆 𝗹𝗮𝘀𝘁𝘀 (𝗮𝗻𝗱 𝘄𝗼𝗿𝗸𝘀).

And using Bitcoin in a way that’s practical, not speculative.

Your customers don’t need another plastic card.

They need value that follows them.

And to feel cared about.

Giving #Bitcoin away shows you care even outside #Nostr.

You’re giving up something that would grow in value over time

You’re giving up the highest opportunity cost.

It means you value their loyalty more than the future price appreciation.

If you’re in retail, hospitality, or travel - there’s opportunity here.

And we’ve already built the blueprint at NeoWealth.xyz

→ Let's chat if you have an opportunity you truly want to maximize with Bitcoin.

Brilliant because it’s simple!

The global financial system is creaking under its own weight. The IMF is urging banks to shore up capital, cut risk, and brace for impact. Basel III is their answer, a last-ditch effort to reinforce a brittle foundation.

But behind the scenes, a quieter revolution is under way.

Bitcoin, the world’s first stateless digital asset, is no longer on the sidelines. It’s entering the Basel conversation: not by invitation, but by inevitability.

Basel III: The System’s Self-Diagnosis

Basel III is more than a technical rulebook. It’s a confession: an admission that the global banking system is vulnerable. Created in the aftermath of 2008, it calls for:

• Stronger capital reserves: So banks can survive losses.

• Lower leverage: To reduce the domino effect of overexposure.

• Liquidity buffers: To weather short-term shocks without collapsing.

But here’s the kicker: these rules are hostile to anything outside the fiat system. Bitcoin gets hit with a punitive 1,250% risk weight. That means for every $1 of exposure, banks must hold $1 in capital. The message from regulators? “You can hold Bitcoin, but you’ll pay for it.”

Yet that fear: based framing misses a bigger truth: Bitcoin doesn’t just survive in this environment. It thrives in it.

Bitcoin: A Parallel System, Built on Hard Rules

Where Basel III imposes “fiat discipline” from the top down, Bitcoin enforces it from the bottom up: with code, math, and transparency.

Bitcoin is not just a hedge. It’s a structural antidote to systemic fragility.

Volatility: A Strategic Asset

Yes, Bitcoin is volatile. But in a system that devalues fiat on a schedule, volatility is simply the cost of freedom. Under Basel III, banks are expected to build capital buffers during economic expansions.

What asset allows you to build those buffers faster than Bitcoin in a bull market?

When the cycle turns, those reserves act as shock absorbers: converting volatility into resilience. It’s anti-fragility in motion.

Liquidity: Real, Deep, and Global

Bitcoin settled over $19 trillion in transactions in 2024. That’s not hypothetical liquidity. it’s real, measurable flow. Unlike traditional high-quality liquid assets (HQLAs), Bitcoin is:

• Available 24/7

• Borderless

• Not dependent on central banks

By traditional definitions, Bitcoin is rapidly qualifying for HQLA status. Even if regulators aren’t ready to admit it.

Diversification: Breaking the Fiat Dependency

Basel III is designed to pull banks back into the fiat matrix. But Bitcoin offers an escape hatch. Strategic Bitcoin reserves are not about speculation, they’re insurance. For family offices, institutions, and sovereign funds, Bitcoin is the lifeboat when the fiat ship starts taking on water.

Regulatory Realignment: The System Reacts

The Basel Committee’s new rules on crypto exposures went live in January 2025. Around the world, regulators are scrambling to define their stance. Every new restriction placed on Bitcoin only strengthens its legitimacy, as more institutions ask: Why so much resistance, if it’s not a threat?

Bitcoin doesn’t need permission. It’s already being adopted by over 150 public companies, forward-looking states, and a new class of self-sovereign individuals.

Conclusion: The Real Question

This isn’t just about Bitcoin fitting into Basel III.

The real question is:

How long can Basel III remain relevant in a world where Bitcoin exists?

Bitcoin is not the risk. It’s the reality check.

And it might just be the strongest capital buffer the system has ever seen.

Gradually then suddenly.

Wow man nice thanks for sharing!

GMGA ladies and gents

Here are the Latest #Nostr App Highlights

Some serious innovation bubbling across the nostrverse:

• #Sobrkey – Sobriety support meets decentralization. Track your journey, stay accountable, connect with community.

• #Yumyume – Social bookmarking just got a Nostr-native upgrade. Feed, tags, bookmarks – unified and clean.

• #Nostrmo – Hardware signing on ESP32? Now with native support across Windows, macOS, and Linux.

• #SatoshiEscrow – P2P bitcoin dispute resolution using nostr keys. No middlemen. No custody. Pure coordination.

• #Openvibe – Cross-post between Nostr, Mastodon, Bluesky, Threads. Federation, meet interoperability.

And nostr:nprofile1qythwumn8ghj7ct5d3shxtnwdaehgu3wd3skuep0qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcqypu8xwr40lp96ewdj2fef408wy70gd3carf9n6xu7hrnhq6whpgly925h0z just funded five bleeding-edge projects:

• #Swae – Live decentralized streaming, mobile-first. Think Twitch, but sovereign.

• #HAMSTR – Messaging over ham radio. Nostr, even when the internet’s down or censored.

• #Vertex – Web of Trust tools to fight spam and personalize feeds – without central control.

• #NostrDoubleRatchet – End-to-end encrypted comms through the proven #DoubleRatchet protocol.

• #NostrGameEngine – A decentralized game engine to replace corporate backend shackles with sovereign logic.

Huge shoutout to #alby for curating this pulse. – via nostr:nprofile1qyt8wumn8ghj7etyv4hzumn0wd68ytnvv9hxgtcppemhxue69uhkummn9ekx7mp0qqsyv47lazt9h6ycp2fsw270khje5egjgsrdkrupjg27u796g7f5k0s0pfy4z 's 🔥 newsletter (worth subscribing to) Signal > noise.

nostr:nevent1qvzqqqqqqypzpwy9rgrdl4uafr7ry535590f534r9gyc92prk4xdlqj3fwd3yzapqqs0aqrl869zluhxd3ev28x2uhee7yjr5gzzhscguwv3avuyj9a5alqwamud9

GM! Thanks for sharing

Yes! Invention implies creating something entirely new from nothing. Discovery implies uncovering something that already existed in potential. 🧡