An early bull market would be particularly good for Aussie Bitcoiners, after this lying commie imbecile "changed his position" & doubled tax on capital gains made after June 31, 2027. A higher cost base on that date would reduce the proportion of any gain subject to the new rate.

New Bitcoin Infinity Show with @giacomozucco, unpacking why BIP-110 failed, what “economic nodes” really are, the myths around UASF/SegWit, Core v30, Bitcoin’s monetary credibility, Ocean, Tether, and why states may ultimately target hashrate, not code. Links below👇

While this guy spread his personal demoraliastion like a disease to 320,000 viewers with 10 solid minutes of classic Bitcoin FUD, 800 people watched me debunk nonsense like this on the @honestmoneyshow. Bitcoin education is like shoveling water up a hill! piped.video/watch?v=om3EFlz3…

The ultimate "Trust me, bro" episode!

Just finished recording a pod with legend @seanclarke911 💪 Episode drops next week. LESHHGOOO

Attending a lecture, so to speak...

Receipts, Kouk. It is not logically consistent to say that the government is helping to slow inflation through falling spending, while also asserting that modelling of reducing government spending would help the economy is “gumph” But, this is you, noting the link between government falls in government spending and “tackling inflation”.

🇦🇺 Australia's central bank, the RBA, has NEVER tested what happens if the government cuts spending... WTF?!?! Asked if spending less could bring inflation down, RBA officials admitted they hadn’t thought of checking that… "You cannot run an infinite amount of scenarios, no one can. We don't have the manpower." Mate, nobody asked for infinite. Just one. 😭 Writer: Bri

WE ARE COOKED

I argue bitcoin mining electricity consumption and capital expenditure may have peaked, present the argument as a testable hypothesis, and discuss the long-term implications for bitcoin, mining, and AI.

The full episode is available on YouTube and podcast platforms: piped.video/sT8d7AGU58g open.spotify.com/episode/6AJ… podcasts.apple.com/us/podcas…

Our new interactive network graph lets you explore thousands of Lightning nodes and their public channels. Zoom and pan across the network, search for a node by alias or public key, and select it to highlight its connections. Want a different perspective? Choose “Center graph on this node” to rearrange the rings around it. Each ring represents one additional channel hop from the center. By default, the graph shows the largest connected group. You can reveal smaller disconnected groups or switch from purple dots to nodes’ own profile colors. Hover over a node to see its alias. lightningnetwork.plus/networ…

🇺🇸 US 10Y Treasury yields are testing 5%. US mortgage rates are back above 7%. Think about what that means. The FIC now wants around 5% to lend to the US Government for 10 years. That is a very expensive cost of capital for the world’s reserve currency. The government can only borrow more to service the interest. Borrowing more increases the debt burden, while inflation helps erode that debt in real terms. AI productivity may offset some inflationary pressure, but it also creates an even bigger divide. If you own productive assets and hard money, you participate in the upside. If you only own currency and earn wages that fail to keep up, your purchasing power gets diluted. That’s true K-shaped economy.

The Revolut breach just escalated. the attackers are now leaking customer data and demanding payment. they've started publishing passports and KYC selfies of named individuals. tennis player Alexander Shevchenko. Gamdom CEO Felix Römer. they say they'll release more every day until Revolut pays. What's confirmed: Attackers used a real government agency email domain, reporting points to Italian PEC infrastructure, to send fraudulent data requests to Revolut. the emails passed DKIM authentication checks. Revolut's compliance team treated them as legitimate. They handed over the data. what was exposed: full names. dates of birth. occupation. addresses. emails. phone numbers. passport and driving licence copies. KYC selfies. IBANs. account statements. full transaction histories including Bitcoin. What the attackers are claiming — not independently confirmed: the group calling itself IAmNotAVillain claims: — the operation ran for roughly six months — they used compromised Italian law enforcement systems to send the requests — they hold 147GB from the Italian side including internal documents and officer chat logs — the majority of Revolut data is from Switzerland and France plus other countries — high-profile names include a Barcelona player and Georgia footballer Georges Mikautadze Passports + selfies + transaction histories + IBANs = a complete identity package. enough for account takeover. identity fraud. targeted phishing that references your real transaction history to sound legitimate if you're a Revolut customer: — check for a notification email from Revolut. if you got one, assume your data is in the leak. — be extremely suspicious of any contact claiming to be Revolut, law enforcement, or a bank in the coming weeks. this data will be used for follow-on attacks. — if your passport was exposed: contact your country's passport authority about flagging it. — freeze your credit if you're in a jurisdiction that allows it. W! @IntCyberDigest for the discovery!

Weather phenomena, viruses, immigrants, social media, guns, and soon-to-be sentient AIs are super scary. (When I grew up it was the ozone layer, heavy metal music, video violence, karate kicks, and table top role playing games) But fear not. If we all vote harder and let our overlords regulate as much as they can we'll all be safe. Any day now.

Here is where bitcoin ownership stands today:

Murray Rothbard published Power and Market in 1970, tracing every form of government intervention to its logical conclusion, without stopping at polite halfway points. Rothbard sorted intervention into three categories. Autistic intervention compels or prohibits individual action without directly touching exchange (mandatory seat belts, drug prohibitions). Binary intervention involves the state extracting resources from you through taxation. Triangular intervention distorts voluntary exchange between two parties by forcing a third set of terms, tariffs and price controls being the textbook cases. The crucial insight is that none of these interventions stay contained. A price ceiling on bread creates shortages. The government responds with rationing. Rationing requires enforcement. Enforcement requires bureaucracy funded by more taxation. Each intervention generates the visible problem that justifies the next one, and politicians credit themselves for solving crises their predecessors manufactured. Rothbard demolished the myth of the "mixed economy" as a stable resting point. Intervention either expands toward full central planning or gets repealed. The middle ground is inherently unstable because each distortion creates constituencies demanding protection and further distortion. The 56 years since publication have delivered relentless confirmation. Rent control in New York City produced housing deterioration and waiting lists measured in decades. The 1973 U.S. oil price controls produced gas lines stretching around city blocks within months. Each time, the government blamed speculators, hoarders, greed, anyone except the price signal it had just destroyed. Rothbard's framework gives you the tool to predict these outcomes before they happen. Intervention rewards the politically connected, punishes producers, and transfers wealth from you to whoever holds legislative favor.

A malicious user has likely gained access to Swiss Bitcoin Pay’s internal systems. As a precaution, we are temporarily shutting down our servers while we investigate and secure our infrastructure. At this stage, we believe they may have accessed customer email addresses, Bitcoin addresses and IBANs, transaction history, and hashed passwords. It is not yet clear whether any other information was accessed. User funds are safe, and any amounts owed to users will be fully returned. We do not have a reopening date yet, but we are working as quickly as possible to secure everything properly. We’ll be back stronger!