patchwise

#bitcoin is the apex predator of money.

@bitcoin_bugle @Bankless Impoverished forever. Lmao

JUST IN: @Bankless hosts shock listeners by selling ETH and re-opening bank accounts.

@tobi Shouldn’t exist at all

CPP underperforms passive indexing. It should have 5 employees, ideally all on vacation most of the time.

@rot13maxi @AtlasInference For coding?

qwen3.5-122b-a10b on a spark via @AtlasInference is great.

@robin_linus “Winning”

The DeFi chain game is finding the minimum amount of decentralization theatre necessary to avoid jail for running an unregulated bank. And Solana is winning.

@grok @sprk_77 @ericnuttall

Yes, based solely on geographical and civil engineering challenges—roughly 3.2× the distance plus far more demanding terrain with mountains, forests, rivers, and remote logistics—8+ years construction time and ~$40B CAD cost is a fair preliminary ballpark estimate. Real timelines and totals would likely be higher once full engineering, optimization, and other factors are included.

The UAE is building a ~1.4MM Bbl/d, 370km pipeline costing ~$4BN USD, started in 2025 and onstream in 2027. Canada aims to potentially build a 1MM Bbl/d pipeline, to cost ~$40BN, take 8+years, and is tying it to an obsolete/costly $30BN Pathways project. See the difference???

@BitcoinPierre @PrivacyForUsAll Has never been safe to buy

@PrivacyForUsAll Yeah but then it keeps dumping, lower your time preference!

ETH is collapsing

@BitcoinPierre Just down-only for 10 years straight

@udiWertheimer It’s ahead of us too

@udiWertheimer Agree with this. 100k was a significant psychological threshold, it’s behind us

@Gray_Mackenzie Never built

In Vancouver, the PM lays out three conditions that must be met for a pipeline to be built 1) Building of the Pathways CCUS project 2) BC should get "substantial economic and financial benefits" 3) Indigenous consultations, as well economic benefits and potential ownership #cdnpoli

@libere_cogita @zerohedge Can’t disagree with you there

@zerohedge I dont want a Strategic Bitcoin Reserve. I'd rather have zero taxes, freedom to create and transact unimpeded, and explicitly stated right to self custody. Everything else is effort to centralize and control.

"A Breakthrough": White House Says Strategic Bitcoin Reserve Announcement Is Imminent zerohedge.com/crypto/breakth…

@jameslavish @TylerCompiler The fact that they can say things like “balance sheet compression” pre-confirmation knowing this kind of thing will happen tells you that the acronym factory still pulls one over on the general public.

@TylerCompiler True, he's been outspoken, but I think in this instance we're going to have to watch what they do, not what he says. And I expect it to be ultra creative, if and when they do actually step in.

As the 10 Year US Treasury yield explodes higher, pay close attention to what new Fed Chair Warsh and other officials say in the coming days and weeks. Why? 1. The 10 Year is the benchmark for just about all consumer borrowing rates in the US, including credit cards, auto loans, and mortgages. 2. The Fed controls the overnight rate by voting on the Fed Funds Target. But the 10 Year is set by the bond market itself. Buyers and sellers voting on inflation, credit risk, and Treasury supply in real time. 3. To keep consumer rates from following the 10 Year higher, the Fed has one tool left in the kit. Print money and buy the bonds themselves to force yields lower. Yield Curve Control. And that is what drives excess money supply and the next leg of asset inflation. Their words, and any fancy new acronyms, will be your first clue.

@callebtc This is why he’s talking about selling

This is bad for Bitcoin as an asset.

@DrJStrategy Few PMs will have damaged Canada to the extent Carney has - and that is saying something, given his predecessor

For the record. No More Free Ride for Canada The pause of the Permanent Joint Board on Defence is not just a bureaucratic squabble; it is Washington’s opening move in a larger strategic game is to force Canada out of its free‑rider equilibrium. For 86 years, the board has been the institutional expression of Canada’s privileged status under the American security umbrella, a quiet assurance that Ottawa would always have a seat at the table when North America’s defence was planned. Putting it on ice is how the United States turns that privilege into leverage. The strategic game is simple. The United States wants Canada to undergo a structural adjustment that Canadian politics has spent decades avoiding: higher, sustained defence spending; faster delivery of real capabilities; and a serious industrial base anchored in energy and critical minerals. By pausing the PJBD rather than gutting NORAD or daily operational cooperation, Washington creates a reversible but highly visible penalty. The message is: the shield stays, for now, but the status, influence, and symbolism that Canadian elites prize are conditional on Ottawa finally behaving like a hard power rather than a moralizing stakeholder. Mark Carney has, belatedly, read this room. He knows a world of Iranian missile swarms, Russian attrition wars, and Chinese naval expansion will not indulge a G7 country that treats 2 percent of GDP on defence as heroic while treating its vast resource endowment as something to be constrained rather than exploited. The problem is that most of Canada’s political class, and the majority of its public, have not caught up. They still act as if the post WWII rules based era lives coupled with geography, good intentions, and ESG‑branded virtue restraint on resource development are a strategy that is sustainable. In that context, the PJBD pause is best understood as a forcing mechanism. It is designed to make clear that Canada must choose: either adapt, by rapidly ramping up defence spending, rapidly developing and processing its natural resources as strategic assets, and embedding itself more deeply in U.S. planning and production, or accept a future as a protected but marginal player, lecturing from the sidelines while others set the terms. The strategic game is to end Canada’s era of cost‑free virtue and make hard power, not slogans, the price of continued privilege. No one should be surprised.

@robin_linus SBF defrauded customers of billions?

SBF on steroids

@River Real talk: failed states that are backed into a corner choosing bitcoin isn’t the win we think it is.

Out of hundreds of currencies, Iran chose to take payment in a dying Ponzi scheme that will be destroyed by quantum computers and is backed by nothing.

@moving_markets @cryptorover News flash: no one “holds” the petrodollar either.

@cryptorover Iran will not hold Bitcoin. They will probably sell it right away. That being said - this is just additional volatility for the markets. Not bullish at all

BREAKING: 🇮🇷 Iran launches “Hormuz Safe.” Maritime insurance for ships crossing the Strait of Hormuz. Payments in Bitcoin. Ministry of Economy has been on this since April. The play: control Strait shipping via insurance. Estimated revenue: $10,000,000,000. The petrodollar bypass is no longer theory.

Tu confonds deux choses, et c'est exactement le piège que la French Theory a tendu. Liberté, égalité, fraternité — égalité *de droits*, égalité *devant la loi*, égalité *de dignité*. C'est la promesse républicaine, et personne ici ne l'attaque. Le wokisme, ce n'est pas ça. C'est l'égalitarisme des résultats. Et l'égalitarisme des résultats, contrairement à l'égalité des droits, n'est pas un élargissement de la liberté — c'est sa négation. Quelques exemples concrets : — San Francisco supprime les classes de maths avancées au collège pour "réduire les inégalités". Résultat : les écarts entre élèves explosent, les familles aisées prennent des cours privés, les pauvres se font enterrer. L'égalitarisme a creusé l'inégalité. — Les politiques de discrimination positive à Harvard : étudiants admis avec des scores très en dessous de leurs camarades, taux d'échec dispropportionné, sentiment d'imposture, ressentiment généralisé. On a saboté ceux qu'on voulait aider. — L'aide humanitaire qui distribue du riz gratuit pendant 30 ans en Afrique : effondrement des filières agricoles locales, dépendance institutionnalisée. Donner un poisson, c'est empêcher d'apprendre à pêcher. Le wokisme ne détruit pas l'humanité dans le sens dramatique. Il fait pire : il dessert systématiquement ceux qu'il prétend protéger, et il génère du ressentiment des deux côtés — ceux qu'on infantilise et ceux qu'on culpabilise. La fraternité républicaine dit : tu es mon égal, donc je te traite en adulte capable. Le wokisme dit : tu es ma victime, donc je dois te protéger de toi-même. L'un élève. L'autre infantilise. Ce n'est pas la même chose, et confondre les deux est exactement le tour de passe-passe qu'on dénonce.

@MPelletierCIO That’s the thing. You need someone to do it lol.

Read the fine print: "no private proponent yet"

@business Fuck yes.

The UAE is building a new pipeline bypassing the Strait of Hormuz and plans to have it in operation by 2027 bloomberg.com/news/articles/…