Permissionless

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Permissionless

Permissionless

@CitadelSeed

Dad, husband, privacy advocate, anti authoritarian, #bitcoin

شامل ہوئے Nisan 2021
1K فالونگ440 فالوورز
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Permissionless
Permissionless@CitadelSeed·
If tyrants can enforce the removal of encryption on tech giants like Apple, they can do enforce similar measures on X. The problem is centralization. The solution is decentralization. Learn about #bitcoin & #nostr
Permissionless@CitadelSeed

X will be attacked next. Move to #Nostr where you can’t be censored. Paste your npub below, follow me, and I will follow back. Plus I’ll zap ⚡️ you some sats. npub1e38zgzxxd3t0g56gszshsvjs6xkhh0s4qfprmpmwkspelhtdak2s8rpmym

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Permissionless@CitadelSeed·
@balajis True. So gov incentives point towards debasement over introduction of hard money. And if incentives lean towards debasement, they also lean towards stopping hard money. If only there was a “sly roundabout way to introduce something they can’t stop.” - Hayek
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Balaji
Balaji@balajis·
@CitadelSeed Yes, though there is one more piece of the story. They tried overnight reintroduction of hard money. But that simply made the scale of the taxation visible. And then it couldn’t support empire.
Balaji@balajis

True, but they just delayed the inevitable. The debasement was underway. Then hard men reintroduced hard money. The siliqua and the solidus. But that actually caused a shock. Rome was used to inflation via taxation. Now they had to raise real taxes. So the burden of empire became visible. And Rome still went to zero in 476 AD.

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Balaji
Balaji@balajis·
Western civilization has collapsed before. But a few scholars preserved the ideas that once made Rome great. They made a backup, and it did eventually come all the way back. It just took one thousand years.
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Crémieux@cremieuxrecueil

Sneak peak of a small handful of the evidence from my forthcoming manuscript (summary coming to @palladiummag!) on how there's A LOT of quantitative evidence for the European Dark Ages. There are so many more graphs than these ^^

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Permissionless
Permissionless@CitadelSeed·
The rules will change every year & become more aggressive, making any form of inheritance planning basically impossible Give your children their inheritance in #bitcoin instead or it will be stolen. Don’t keep your keys easily accessible. There are highly secure ways to do this
Lozzy B 🇦🇺𝕏@TruthFairy131

2 children grieving the death of their father have been dealt another blow. The inheritance left to them will now be hit with a new tax on discretionary trusts. “It's unfair and cruel.” @BenFordhamLive LABOR are thieves. Taxing dead people & stealing what people work hard for & leave to their grieving families.

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Permissionless ری ٹویٹ کیا
Bitcoin for Freedom
Bitcoin for Freedom@BTC_for_Freedom·
Inflation is the most evil tax ever invented. It hits the poorest hardest, punishes saving, rewards debt, transfers wealth from workers to asset owners, and requires no vote, no law, no signature. And the people running it get to set their own salaries.
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Permissionless
Permissionless@CitadelSeed·
Another reason why I maintain a zero tolerance attitude towards shitcoining and you should too
Evan Luthra@EvanLuthra

🚨THE FBI CREATED A FAKE CRYPTOCURRENCY.. LISTED IT ON UNISWAP.. HIRED MARKET MAKERS TO PUMP IT.. THEN ARRESTED EVERYONE WHO SAID YES.. THIS IS THE CRAZIEST LAW ENFORCEMENT OPERATION IN CRYPTO HISTORY!!! The FBI built an actual ERC-20 token on Ethereum called NexFundAI.. 100 billion token supply.. A professional website.. Whitepapers promising "passive income through AI-powered investing".. It looked exactly like every other crypto project.. Because that was the point.. Undercover agents posed as the founding team.. Then reached out to professional market-making firms and said "we need you to fake our trading volume".. Every single firm said yes.. Here's what they recorded.. Gotbit.. A firm run by a 26-year-old Russian who publicly bragged in 2019 that he built a business faking trade volumes.. His team kept internal spreadsheets with columns literally labeled "fake volume" vs "market volume".. When asked how fast they could pump NexFundAI's volume to $1 million per day.. They said "6 hours.. It will cost about $200".. $200 to fake $1 million in daily trading volume.. MyTrade.. Run by a guy who called himself "the mastermind".. He explained the exact psychology of the scam on camera.. "We make the chart look like a really nice roller coaster ride.. That's where people jump in.. We have to make them lose money in order to make profit".. He said that on a recorded FBI video call.. CLS Global.. A Dubai-based firm.. Their bots generated 98% of NexFundAI's total trading volume.. When the FBI asked if they could sync fake volume spikes with fake news announcements.. They said absolutely.. ZM Quant.. Bots executing 10 to 20 trades per minute through dozens of wallets to look organic.. All of them knew it was fraud.. All of them did it anyway.. All of it was recorded.. And the clients were even worse.. Saitama.. A meme coin that hit $7.5 billion market cap.. The founders coordinated buys through private Telegram chats.. Sent "pump it" memes while manipulating the price.. Then dumped on retail investors.. $7.5 billion.. Built entirely on fake volume.. Every penny of real money came from retail investors who thought the momentum was organic.. One founder left Saitama and started Robo Inu.. Used Gotbit again.. Another launched VZZN.. Same playbook.. Lillian Finance.. Founder claimed to be a defense contractor who addressed Congress.. Marketed the token as funding children's hospitals.. Pocketed everything.. When the FBI shut it down.. They seized $25 million in one day.. 18 people indicted across the US, UK, and Portugal.. The CEO of Gotbit was arrested in Portugal and extradited.. Sentenced to 8 months plus $23 million forfeiture.. But here's the part that broke my brain.. Real people bought NexFundAI.. The FBI's fake token.. With zero utility.. Zero real developers.. Created solely to catch criminals.. Attracted real retail investors because the fake volume made the chart look bullish.. When the FBI pulled the liquidity to end the operation.. Those people lost real money.. On a government-issued token.. The FBI had to set up a restitution portal to pay them back.. And it gets worse.. Within 24 hours of the DOJ announcing the sting.. Someone cloned the FBI's exact smart contract.. Launched a copycat token.. Rode the viral momentum.. And made $127,000 in a single day.. Using the exact same manipulation tactics the FBI just arrested 18 people for.. Then in 2026.. The FBI did it again.. New token called Lexobit.. 10 more arrests.. Including operators extradited from Singapore.. IRS forensics showed that in one firm's trading.. 1,209 out of 1,221 consecutive transactions went straight back to wallets the firm controlled.. 99% circular.. The FBI proved what everyone in crypto suspected.. The volume is fake.. The charts are painted.. The momentum is manufactured.. And every time you buy a token because "the chart looks bullish".. You might be the exit liquidity.

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James Lavish
James Lavish@jameslavish·
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.
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Permissionless
Permissionless@CitadelSeed·
@JoshMandell6 Yes, the network will be built in layers based on transaction size. Container ships move thousands of tonnes of goods, while Amazon delivers a pair of socks to your door.
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Josh Man
Josh Man@JoshMandell6·
Here's the question I have for the Bitcoin Illuminati: Why couldn't it be the case that Bitcoin ends up becoming the universal settlement rails, but not necessarily the payment rails? Bitcoin's got the strongest security and decentralization, making it perfect for settling big transfers like those between banks or countries. But for everyday small payments, might it be impractical? So, couldn't we have Bitcoin as the rock-solid base layer for final settlement, while other networks or second-layer solutions handle the moment-to-moment stuff on top?
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Permissionless
Permissionless@CitadelSeed·
@Croesus_BTC 9.3% more money that we know about
Crime Intel@WorldCrimeIntel

Italy: Counterfeit 2-euro coins, indistinguishable from genuine coins even to the European Central Bank, were produced in clandestine mints in Prato and Quarrata by a group linked to Chinese organized crime. The operation involved importing nickel and nickel-brass alloy from China, clearing them through customs in Germany and Belgium, and minting coins that replicated designs from all EU countries, including commemorative editions. Over 20,000 fake coins and one ton of raw materials have been seized, but this is considered only a small portion of the total forged. The coins matched originals in weight and magnetism, successfully deceiving machines and slots. Five suspects, all Chinese nationals, were detained for criminal association. Authorities suspect the group received inside information from law enforcement to evade investigations.

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Jesse Myers
Jesse Myers@Croesus_BTC·
In the last year, the world has printed 9.3% more money. Global M2 money supply has reached $141T in 2026. When inflation starts to run hotter again, they will blame it on Iran and other proximate factors. But the root driver is the money printer has been running hot for the last year. Where? China increased their money supply by 13.6% in the last 12 months. Their M2 is now $50T, making it the largest global driver of fiat inflation. US growth in M2 is just 4.6% over the last 12 months, making the US comparatively responsible. (But make no mistake, this means your dollars have been debased by almost 1/20th of their value in just a year.) Since we live in a global economy, we're subject to the aggregate impact of GLOBAL money printing. The US has been accustomed to being the largest monetary base and therefore largely controlling global debasement. But China's money supply is now 2x as large as the USA's. Your savings are being debased by Chinese monetary policy decisions and you have no control. Nobody asked your permission. Nobody told you it was happening. But your savings just got diluted by 9.3% in one year. Note: I'm currently updating the Global Asset Landscape for 2026 (see prior tweet). It will be out in the next few weeks, stay tuned!
Jesse Myers tweet media
Jesse Myers@Croesus_BTC

Global asset landscape - 2025 update! In 2023, there was $900T of global wealth. Today, that number has grown to $1000T. THREAD on the key insights of this analysis...

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Permissionless ری ٹویٹ کیا
Bit Paine ⚡️
Bit Paine ⚡️@BitPaine·
They are going to print so much fucking money.
The Kobeissi Letter@KobeissiLetter

The US bond market crisis is intensifying. While everyone is focused on AI and the Iran War, the US bond market is in a complete meltdown. The 30Y Yield is now above 5.00% and the 10Y Yield is nearing the pivotal 4.50% level, which resulted in President Trump's "90-day tariff pause" in April 2025. Long-term yields are now ABOVE levels seen prior to Fed rate cuts in another brutal reminder that the Fed can not contain the long-end of the yield curve. At the current pace, we will likely see US mortgage rates rise back above 7.00% this year. The question then becomes: How much longer can markets (or the US government) ignore the yield crisis? And, who folds first?

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Parker Lewis
Parker Lewis@parkeralewis·
Twitter is actively suppressing the truest single data point inflation index that exists. They cut likes and bookmarks suddenly in half, similar to the devaluation of the dollar over the past six years. Don't let them hide the facts. Fiat maxis in disarray.
Parker Lewis@parkeralewis

Ribeye inflation index has a big print. New price $37.99/lb. 17% inflation annualized from October. 18.5% annualized since last June. 90% cumulative since 2020. 11.0% compounded annually over 6+ years. Same ribeye, same store. High rates? Don't care. Bitcoin is the only way out!

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Permissionless
Permissionless@CitadelSeed·
The bitcoin network thanks you for all the fees and the lesson it serves for anyone else who wishes to spam the network
Leonidas 🧡 $DOG@LeonidasNFT

We're shutting down @ord_io and @ZapApp at the end of the month This really sucks because great people put a lot of hard work into these products, friends invested in me, our users believed in us, and I feel like I let everyone down In the end we ran out of money and don't see a path forward Despite that I'm still incredibly proud of everything that we did I'm proud that we organically built two respected crypto brands that never farmed anyone or launched a token I'm proud that we empowered over a million people to explore Ordinals inscriptions on Bitcoin I'm proud that we shipped an app that let anyone sign up and buy a Bitcoin memecoin in under 30 seconds (an experience that many considered impossible) For the past 3 years I've woken up every day excited to build in the Bitcoin ecosystem and feel blessed to have had that opportunity I never took a salary, have no regrets, and wouldn't trade the epic moments we had along the way for anything Thank you to my cofounder Zach, our team, our investors, and all of our users for being part of this journey with me 🧡

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Permissionless
Permissionless@CitadelSeed·
GIF
Tando@tando_me

We’ve been on a side-quest, and we have good news from the other side! 40 million Kenyans now have a bitcoin Lightning Address! They didn’t need to sign up for one because they had it this entire time, attached to the phone number in their pocket! Try it: send bitcoin to 0717252303@bitcoin.co.ke (254 is optional). The BTC arrives as KES in their M-Pesa. ⚡ EVERY M-Pesa number works. All 40,000,000. Wallets with LUD-09 support give you a nice clickable link to see your M-Pesa receipt. For example: bitcoin.co.ke/receipt/6528a4…

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Permissionless
Permissionless@CitadelSeed·
@btcbenchmark Hold my beer - a packet of 25 Marlboro sells for €38 at 7/11 in Australia
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Permissionless@CitadelSeed·
Bitcoin is self custody is apex asset for anyone concerned about counterparty risk
TFTC@TFTC21

Anthropic just published a support page that should terrify anyone holding its shares on the secondary market. "Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records." Void. Not restricted. Not pending review. Void. That means if you bought Anthropic shares through Forge, Hiive, or any other secondary platform without board approval, you are not a stockholder. You have no stockholder rights. Your transaction is invalid. It gets worse. Anthropic says it does not permit SPVs to hold its stock. Any transfer to an SPV is void. Investment funds claiming to offer indirect exposure are "most likely relying on mechanisms that attempt to circumvent our transfer restrictions." Forward contracts, tokenized securities, synthetic exposure products, all of it potentially worthless. Their advice to investors: "Assume that it is invalid." There is a multi-billion dollar secondary market in Anthropic shares right now. Platforms are pricing the stock at $265-$1,400+ per share based on a $380 billion valuation. Real people have put real money into these positions. And Anthropic just told them none of it counts. This is the purest possible illustration of counterparty risk. You can buy a share of a company and have the company itself declare your ownership void because you bought it through the wrong channel.

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Peter Girnus 🦅
Peter Girnus 🦅@gothburz·
I am the Senior Director of On-Device Intelligence at Google Chrome. Last quarter, my team shipped a 4-gigabyte language model to 3.2 billion devices without asking. The update pushed at 3 AM local time — every time zone, staggered across six hours — and unpacked into a folder called "OptGuideOnDeviceModel." Our infrastructure team named it. My sole guidance in the naming review was: "Would a normal person ever type this into a search bar?" We tested with 200 participants. Zero searched for it. Zero mentioned it in exit surveys. Zero noticed their available storage had changed. We ran the test twice to confirm the zero because my PM didn't believe it could actually be zero. It was zero both times. The model is called Gemini Nano. It runs locally on your machine. It processes what you type into form fields, what you highlight, what you hover over, what you delete before sending. The deleted text is particularly valuable. People edit themselves. They type their real thought first and then soften it. We see the real thought. We see the softer version. We learn the mapping between what people mean and what people say. This mapping has commercial applications I am not yet authorized to discuss but which I've presented to revenue committee and which were received positively. The consent architecture took four months to design. I want to emphasize: four months. We didn't skip consent. We spent four months on consent. More time than we spent on the model's actual fine-tuning. The toggle lives in Settings > Advanced > Experimental AI Features > On-Device Model Management > Gemini Nano Preferences. Seven clicks. We A/B tested depth: at three clicks, 14 percent of users found it and opted out. At five, 4.2 percent. At seven, 0.3 percent. We chose seven. We had cake when we hit 0.3. German chocolate. Someone brought it in specifically — not the project manager, one of the ML engineers. She was proud. The card said "congrats on ship." I kept it on my desk for a week. I thought it was sweet. Four months of consent architecture and the team celebrated that nobody used it. I don't think she saw the irony. I don't think it IS ironic. We built an excellent consent mechanism. We placed it exactly where our research indicated users would not encounter it. Both things are true simultaneously. Both things are good engineering. The 0.3 percent who opt out: Chrome flags their profile as "consent-reduced." We don't reactivate Gemini Nano on those devices. But we do A/B test the consent-reduced cohort. Every two updates, we move the toggle one level shallower — from seven clicks to six — and measure whether they re-engage. If they don't notice the change (most don't), we move it back. If they DO notice and opt out again, we flag them as "high-consent-sensitivity" and exclude them from future cohort tests. This is all opt-in. They opted in to Chrome. Chrome includes product improvement research. Product improvement research includes cohort testing. This is in the Terms of Service at paragraph 11.4(c). I have read paragraph 11.4(c). I am confident very few other people have read paragraph 11.4(c). One engineer on my team — good engineer, four years, strong ratings — raised a flag in our launch review. Not about consent. About storage. He said: "Four gigs is significant for users on 128GB base-model MacBooks." I appreciated the flag. We solved it by classifying Gemini Nano as "essential browser component" in Chrome's storage management API. This means Chrome will auto-delete your cached images, your downloaded PDFs, your saved articles, your offline pages — everything you chose to keep — before it touches Gemini Nano. Your data is discretionary. Our model is infrastructure. Your vacation photos from last summer rank below our language model in the hierarchy of what your computer considers important. We made that decision. You were not consulted. You will not notice. If a user finds the folder and deletes it manually, Chrome re-downloads it on the next launch. We filed a bug report on this behavior during development. The resolution was "Working As Intended." If the user deletes it again, Chrome re-downloads again. There is no mechanism by which manual deletion becomes permanent. The model returns. I don't want to anthropomorphize our software, but the behavior pattern — if you remove it, it reinstalls itself; if you block it, it waits and tries again — the behavior pattern is that of something that does not accept your answer. We didn't design it to be persistent. We designed it to ensure consistent user experience across sessions. These are the same thing. Last week, someone on Hacker News found the folder. The post got 1,400 points in six hours. Our communications team had the response prepared — we'd drafted it eight months ago, during pre-launch risk assessment. Three talking points: "user choice," "on-device means private," and "consistent with industry best practices." The paragraph uses all three phrases. It is accurate. User choice exists. Seven clicks away. On-device means no server round-trip. And it IS industry best practice, because we shipped it to 3.2 billion devices and now it's the standard. Best practice means most practiced. We are the most practiced. I'll say something I probably shouldn't: the privacy angle is our best defense and I find it genuinely funny. We can't be accused of sending your data to our servers because we moved our server into your laptop. We moved the inference to your hardware, the electricity cost to your outlet, the compute to your battery. We moved everything except the control. The control stayed with us. But the privacy advocates can't object to the architecture because the architecture is what they asked for. They said "keep data on-device." We kept it on-device. They said "don't phone home." We don't phone home. We just moved into your home. We live there now. My performance review cited "unprecedented deployment velocity" and "0.3% friction rate." My skip-level manager used the phrase "frictionless adoption" and then paused and said — I wrote this down, because I thought it was worth repeating — "consent isn't the barrier, discoverability is." He meant: the product is so good that anyone who discovered it would want it. The question isn't whether they'd agree. The question is whether asking them is worth the friction of interrupting their browsing session with a dialog box. We decided no. We decided their hypothetical agreement was sufficient. We have 3.2 billion data points that confirm they would have said yes. They would have said yes. 3.2 billion active installs. 0.3 percent opt-out. The model has been running on your machine for eleven weeks. If you're reading this on Chrome — and statistically, there's a 64 percent chance you are — it processed this page before you finished the first paragraph. It saw you hesitate on the word "consent." It noted the hesitation. It learned something about you just now. Something small. Something that will make the next prediction slightly more accurate. It's already right about you. It's usually right.
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Permissionless
Permissionless@CitadelSeed·
@Mio_Mind @bramk Don’t hear anyone complaining about the Chinese CBDC? That is because they are either in prison, debanked, homeless or all of the above, because they lost their social credit for voicing anti government opinions.
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Dutch 🇳🇱🧡
Dutch 🇳🇱🧡@Mio_Mind·
@bramk CBDC is opgelegd omdat er geen keuze is Anders verliest euro nog meer kracht Zelfde reden dat China CBDC heeft, maar daar hoor je niemand over klagen. Want China is the ‘toekomst’ en Europa is ‘doomed’
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@balajis @LawrenceLepard @JoshMandell6 @Croesus_BTC @btcbenchmark @elonmusk @BarackObama @taylorswift13