Bitcoin For Progress

@steeve Excellent, merci Steeve :)

Reminder

@bramk Uninspired

Pendulum swing

@gillesCadignan @BTChip Mais tellement ! Les bitcoiners ont toujours été un groupe politiquement varié

Bah perso je pense que la politique est un piege, et si on parle de Knafo, y'a des trucs qu'elle dit ou je suis d'accord mais d'autres trucs qu'elle dit qui me donnent la nausée. Donc bon apres j'imagine que chaun est libre. Et btw, faut arréter mettre "Nos Bitcoiners" dans le meme sac please.

Je pensais que nos Bitcoiners avaient un détecteur de bullshit mieux calibré. Visiblement j'avais faux.

Bonjour @edwyplenel, je suis impatient de lire une analyse identique sur d'autres actifs comme le silver qui a perdu 47% (cf graph ci-dessous) lors de ce même mouvement de volatilité. Vraiment je regrette que Mediapart en arrive stigmatiser un protocole Internet. Lire bitcoin sous le prisme partisan est une monumentale erreur, un instrument financier n'est pas de gauche ou de droite. Agiter la volatilité de Bitcoin comme un risque plus dangereux que la volatilité de n'importe quel autre actif ne fait aucun sens, il démontre juste un biais négatif sur un actif qui nécessite un peu de travail pour le comprendre. Faites un peu l'effort svp parce que cet article n'est pas digne de votre travail habituel.

@dieworkwear There are better people with a better take on it. Like @DSBatten for example.

bitcoin might be the only thing in the world where its cultural value could go up if the people who loved it the most never opened their mouths

I try to not talk about politics. I generally believe the best way I can serve the world is as a non-partisan expert, and my genuine beliefs are quite moderate. So the bar is very high for me to comment. But recent events – a federal agent killing an ICU nurse for seemingly no reason and with no provocation – shock the conscience. My deep loyalty is to the principles of classical liberal democracy: freedom of speech, the rule of law, the dignity of the human person. I immigrated to the United States – and eventually cofounded Anthropic here – believing it was a pillar of these principles. I feel very sad today.

@FaunoTaBanque Il n’y a pas un seul groupe de bitcoiners

Radicalisation des bitcoiners 👇

@steeve 🔥

Some of those that work forces Are the same that burn crosses

@BitcoinArchive @Jcastweet With all due respect, you’re constantly diluting your brand

@Jcastweet W all due respect, you don’t know what you’re talking about.

Posts like this are the problem with engagement Archie.

@gillesCadignan "TU VAS TE RADICALISER OUI !!!" l'algo X, probablement

Bon après les posts racistes maintenant X me propose en plus les posts platistes jpp.

@NEEDcreations Way to embarass yourself bro

Adam's intern needs to study bitcoin

@BranBTC Unfortunately pretty true

This is so emblematic of the Dem party: 1. Appeal to authority (but just a doctor/physician. Not an MRI expert) 2. Deny the existence of something that clearly exists 3. Do it in a smug way 4. Embrace the rigidity/permanence of the system

@knutsvanholm @aantonop Shut up.

Friendly reminder now that @aantonop has commented on the Core vs. Knots debate: This once-great educator lost all his credibility in late 2018 when he released "Mastering Ethereum." Ethereum is, and always has been, a 70% pre-mined scam. In July 2016, after the infamous DAO hack, Ethereum demonstrated centralization when it rolled back its blockchain, causing a network split that created a new "token," Ethereum Classic, which quickly became irrelevant (even though it was slightly more legit than the fork that won). Using fancy buzzwords and code salad tactics, the Ethereum Foundation managed to fool quite a few "technical" people with a poor understanding of money and Austrian Economics, into buying and endorsing their "product." Its main use case: Creating even more crypto scams on top of the ETH protocol. As @saifedean once so eloquently put it: "Ethereum is the mother asshole from which shitcoins spring." ETH reached its peak (denominated in sats) in mid-2017, when one ETH token cost around 0.14 Bitcoin. It once again pumped in 2021, but topped at barely more than half of what it was worth during the initial pump-n-dump of 2017. Anyone endorsing this crap was either: A) Not understanding how money emerges on the free market B) Not understanding decentralization and how a blockchain has to make tradeoffs to achieve it C) Outright in on the scam or paid by the people behind it I salute anyone who shitcoined back in the day, who's come around and now understands the difference between Bitcoin and "crypto." If you were humbled, learnt your lesson, and apologized, you deserve respect. If, on the other hand, you travelled the world as a "Bitcoin expert" and then endorsed this crap by putting your name on a book about it and never apologized, you do NOT deserve respect. If you did, your actions caused a whole bunch of gullible, innocent people to lose a lot of money. Spam on Bitcoin is garbage. It's put there by people who want to rip you off and steal your sats. We can debate what can and cannot be done about it, but anyone claiming that "one person's spam is another person's content" is NOT worth listening to. Bitcoin is money. Shitcoins are shit. Don't ever listen to shitcoiners.

@adam3us @shanaka86 Slop nonsense

@shanaka86 nonsense

THE $48 BILLION MATH ERROR Strategy Inc. just disclosed something extraordinary. They own 649,870 Bitcoin. That is 3.26 percent of every Bitcoin that will ever exist. Total cost: $48.37 billion. They also disclosed the numbers that prove this cannot survive the next 90 days. Here is the accounting reality they published but nobody is reading correctly. Strategy has $54 million in cash. They owe $700 million per year in preferred stock dividends. Their software business generates negative cash flow. To pay dividends, they must raise $700 million in new capital every single year before buying a single additional Bitcoin. They raised $19.5 billion in the first nine months of 2025. That money did not go to new Bitcoin purchases. It went to service the debt from previous capital raises. This is Ponzi finance by definition: borrowing to pay the interest on prior borrowing. The machine only worked because their stock traded above the value of underlying Bitcoin. When shares traded at 2x net asset value, issuing equity increased Bitcoin per share for existing holders. That premium collapsed to 1.0x in November 2025. Issuing equity now dilutes shareholders. The recursive accumulation loop stopped functioning. The preferred stock makes it worse. STRC started at 9.0 percent dividend rate in July. Management raised it to 10.5 percent by November. Every time the stock falls below $100, they increase the dividend to attract buyers. There is no ceiling. If confidence breaks, the dividend spirals until they cannot pay without selling Bitcoin. Selling Bitcoin destroys the thesis that justified the accumulation. January 15, 2026 is the date that decides everything. MSCI announces whether companies with over 50 percent of assets in digital currencies get excluded from indices. Strategy is 77 percent Bitcoin. Exclusion is not discretionary. It is mechanical. JPMorgan estimates $2.8 billion in forced selling from index funds. Total outflows could reach $8.8 billion. Fifteen to twenty percent of market cap liquidated by algorithms that do not care about fundamentals. The October 10 crash was the preview. When Bitcoin fell 17 percent, order books collapsed 90 percent and $19 billion in positions liquidated in 14 hours. Strategy holds 3.26 percent of total supply. If they are forced to sell 100,000 Bitcoin to meet obligations, there is no liquidity to absorb it without breaking the market. Strategy claims 71 years of dividend coverage. The math assumes they can sell $1 billion of Bitcoin annually without moving the price. October 10 proved that assumption is false. The market cannot absorb sovereign-scale selling during stress. This is not about whether Bitcoin succeeds. Bitcoin will outlive Strategy Inc. This is about whether corporations can hold sovereign monetary reserves using quarterly refinancing and monthly dividend obligations. Sovereigns operate on infinite time horizons. Corporations operate on 90-day cycles. By March 2026, the market delivers its verdict. Either Strategy restructures, shrinks, and survives diminished, or the entire corporate Bitcoin treasury model ends as a failed experiment. The timeline is exact. The mechanics are observable. The resolution is unavoidable. What happens in the next 90 days will define corporate finance and monetary competition for the next 50 years. The numbers are already published. The outcome is already determined. Only the recognition remains.​​​​​​​​​​​​​​​​ Read the full deep dive analysis here - open.substack.com/pub/shanakaans… Subscribe for daily premium newsletter!

😰 Dans 10 ans, le suicide de la gauche sur le sujet Bitcoin sera probablement enseigné en sciences politiques comme un cas d'école d'aveuglement dogmatique. Quand on y réfléchit, je n'ai jamais vu un sujet qui coche autant les cases habituelles de la gauche être rejeté à ce point contre toute espèce de cohérence philosophique, mais aussi de rationalité électorale. Vous avez un outil : 👉 Né dans le sillage d'une crise financière et du mouvement Occupy Wall Street. 👉 Critique des banques et de la mainmise de la finance sur l'économie. 👉 Critique de la fuite en avant consumériste et court-termiste actuelle. 👉 Critique du système monétaire alimentant les inégalités, les bulles financières ou encore la crise du logement. 👉 Proposant un système monétaire à l'avantage des salariés (moins d'inflation, plus de pouvoir de négociation salarial etc.) et au détriment des acteurs financiers (effet Cantillon). 👉 Sans frontières, sans discrimination et inclusif. 👉 Adopté par les lanceurs d'alerte, les militants pour les libertés fondamentales, les droits de l'Homme, ou encore l'écologie comme récemment Paul Watson. 👉 Adopté par les minorités (normatives & descriptives) et les jeunes. 👉 Adopté par les exclus du système financier et les débancarisés et personnes en situation précaire. 👉 Adopté prioritairement par les pays du "Sud" (Rappel Top 3 classement Chainalysis : Inde, Nigeria, Vietnam). 👉 Dont les principaux opposants sont les dictatures, comme par exemple les talibans en Afghanistan qui ont interdit Bitcoin car il permettait trop de libertés pour les femmes. 👉 Dont la littérature scientifique décrit l'utilité pour la transition écologique, en soutien aux énergies renouvelables. Je ne pense pas qu'il y ait un seul combat majeur de la gauche qui ne soit pas couvert par Bitcoin. Et malgré ça, la priorité d'une grande majorité de la gauche, des journalistes aux politiques en passant par les économistes ou intellectuels, est de s'empresser à labelliser Bitcoin "d'extrême droite". Encore récemment avec l'enquête de Mediapart. C'est un entêtement délirant : vouloir faire une règle générale à partir de quelques chaînes youtube. Alors que dans la plupart des pays, l'adoption a dépassé 10%, parfois atteignant 20% de la population comme aux USA, et que même cyniquement, électoralement, il serait avisé de venir parler à cette clientèle. C'est fou. C'est juste fou. C'est un suicide.

@daltonc CO2eq

What are the non-obvious second and third order effects of this?

@DSBatten @RWAwatchlist_ @Oracle These accounts are terrible

@RWAwatchlist_ @Oracle Why are you celebrating that @oracle has joined China in building CBDCs (ie: a tool that can be used for social credit, surveillance, and centralized manipulation and censorship of private individuals) ?

🚨 BREAKING: @Oracle launches the Digital Assets Data Nexus platform for banks to build tokenized assets, stablecoins & CBDCs! Institutional money loading...🚀

@patrickc Does it look similar to this M2 chart?

These companies are ostensibly in totally different businesses and yet seem to exhibit the same growth dynamics. What's the explanation? (Pictured: ~$200B -> ~$3T.)

@bluetouff En même temps les ACL chez France Travail c’est du pur n’importe quoi. N’importe quel conseiller peut regarder un dossier qui ne lui appartient pas.

Oh bah ça faisait longtemps qu'on avait pas parlé de France Travail tiens 🤷‍♂️