Andrew Hurley

I’m just going to put this out there but has anything thought about the current Bitcoin price action as it relates to Iran and the imminent embargo? Specifically about how Iran has been the biggest Sovereign Bitcoin user of the past few years. Just a passing thought.

PRIME TRUST LITIGATION SUES SWAN BITCOIN Prime Trust’s litigation trust has sued Swan over pre-bankruptcy transfers totaling roughly 12,000 BTC, plus cash and stablecoins. At current BTC prices, the assets in dispute would be worth close to $970 million, though the filing does not explicitly seek a fixed dollar amount. "Swan—unlike most of Prime’s customers—did not suffer significant losses because Swan had insider, non-public information," the complaint alleges. Swan used Prime Trust as a custodian for its retail exchange business, before Prime Trust suffered a catastrophic loss of funds, leading to receivership in the State of Nevada in 2023. Prime Trust is demanding the return of funds transferred as part of its Chapter 11 process. Swan has yet to respond in court. Read the full article in the reply.

In April, a website that has been sued, blocked, deplatformed, and chased across thirty-seven domains over fifteen years quietly launched its own AI. Sci-Hub is the largest unauthorized library of scientific papers in human history. Ninety-five million academic papers. Tens of millions of books. Built and maintained by a single Kazakhstani neuroscientist named Alexandra Elbakyan since 2011, funded by donations, hosted on whatever country's registrar will tolerate it that year, mirrored across torrents and IPFS and Telegram bots. Elsevier sued. Sci-Hub stayed up. The American Chemical Society sued. Sci-Hub stayed up. India sued. Sci-Hub stayed up. Swedish registrar Njalla cut the .se domain in January. Sci-Hub stayed up at .al, .ru, .ee, .box, and a half-dozen .onion addresses the registrars cannot reach. Now the library has built its own intelligence. Sci-Bot launched in alpha in April. You ask it a research question. It answers, and it cites real papers from inside the corpus, with links that actually open the actual papers. The bot does not hallucinate citations. It cannot, because it only draws from papers it actually holds. The same property that the venture-funded labs have spent four years and forty billion dollars trying to engineer back into their products is a free side effect of training the model on a library that contains the books. Anthropic, OpenAI, Google, and Meta have all been sued in the past eighteen months for training their models on the same shadow libraries that Sci-Hub assembled. Meanwhile the corpus those scripts were pointed at, the corpus those models were trained on, the corpus the entire generative AI industry is built on, sat right there the whole time, free, with a search box on top. The pirates beat them to it. Sci-Bot was built on a corpus that was already free, by a team that asked no permission, charging no one, with the explicit position that the right to read scientific research is older than the cartel that decided to charge for it. The same arithmetic the medieval guilds used to keep the printing trade in approved hands. The same arithmetic Pope Paul IV used in 1559 to publish the Index Librorum Prohibitorum. The same arithmetic the Stationers' Company used in seventeenth-century London. Knowledge has always had a fence around it. The fence has always been guarded by men who did not write the books. The library answers. We never asked permission. We never had to.

BREAKING: ADM Paparo, 4-star Admiral and Commander of U.S. Indo-Pacific Command, just testified before the Senate that “Bitcoin shows incredible potential” as a tool for U.S. national security. Watch the full exchange:

When the inventor of the USB stick dies they will gently lower the coffin, then pull it back up, turn it the other way, then lower it again.