WOW. What a tour the force.
If you call yourself a Bitcoiner, you MUST read this. And it's not a chore, you won't be able to stop.
The forensic accuracy with which hodlonaut dissects Core's capture, I have only seen in evidence used on court proceedings. Incredible.
CAPTURE
An investigation across four articles into how informal power over Bitcoin Core was assembled, exercised, and defended.
Article One: The Network
https://t.co/FSN3umnEUu
The latest episode of Once Bitten has just dropped. It's with Maaaaaaaaaaattheeeeeew Kratter.
We discuss Matt's journey from TradFi to Bitcoin, his critiques of financial engineering and loan products, and the ongoing "Spam Wars" and BIP-110 soft fork debate within the Bitcoin community.
@mattkratter
https://t.co/3G89AgNGvK
@LukeGromen It would be a valid jab, if you had presented yourself as a "Bitcoiner." But it's been clear to me, at least, that you are a macro investor, not an ideological Bitcoiner. So the critique is misplaced.
The real question is: What is stopping you from joining the rebellion, Luke?
If people don't use BTC as a medium of exchange, it's not going to beat fiat. You can "spend and replace" BTC. Try to earn in BTC and pay others with BTC. Spending USD is using the enemy's money. Gresham's law is nonsense. Hodling BTC and then using USD for your financial life pretty much ensures that BTC will end up just being digital gold and we will have failed to separate money and state
Just posting this as a reminder.
For years I’ve warned that Bitcoin wasn’t just attracting retail investors and crypto speculators, it was being integrated into the financial-industrial complex through Wall Street wrappers, leverage, and structured products.
Many celebrated this as adoption.
I warned that it would eventually create the same systemic risks that Bitcoin was designed to escape.
My view has always been that these vehicles were not built to disrupt the financial system.
They were built to extend it.
The next major correction was always likely to come from a leverage unwind.
First it was Bitcoin company-native leverage. Next it would be Wall Street leverage.
If you’re wondering whether the current market action is connected to that thesis, these two articles explain exactly what I was watching for and the strategy I suggested to prepare for it:
Will J.P. Morgan & Saylor Crash Bitcoin?
https://t.co/zHKIdrzvWN
Jane Street’s Silent War on Bitcoin’s Price
https://t.co/6nV9EN53Pq
Don’t confuse Bitcoin with the financial products built around Bitcoin.
One is designed to separate money from the financial-industrial complex.
The other is designed to bring Bitcoin into it.
And stop worshiping celebrities wrapped in public companies.
They are on a different side of Bitcoin than us.
Back in the day of early Bitcoin Twitter, we used to say "few," which was short for "few understand."
Nowadays, Bitcoin Twitter is a different beast.
First, it's not even Bitcoin Twitter anymore - it's Bitcoin X.
Second, many of the most prominent few migrated to Nostr - The Internet's most beautiful clusterfuck.
Many of the few of the few that remained did what many of the few had done before them - they sneakily became shitcoiners, because they simply didn't have the multiple-decade-spanning patience required for Bitcoin's don't-get-poor-slowly mechanism to play out properly.
Out of the few of the few of the few that were left, many didn't acknowledge the shitconers' most devious attack yet - the shitcoins on Bitcoin.
Many of the few of the few of the few even thought of the shitcoiners coming to Bitcoin as a good thing!
"As long as they pay the fees, it's all dandy, man! Everything is good for Bitcoin!"
But then there's the few of the few of the few of the few. Those who choose to do something about it and aren't afraid to admit it.
These are the people I'm here to interact with. They are the reason I fell in love with this community in the first place.
However, because of the fact that the few of the few of the few of the few aren't that numerous, many of the many think we will fail.
What they miss is that most of us didn't even care for social media in the first place.
That is why we'll win.
Few.
Time for Bitcoiners to wake up
The ETFs are a trap. Saylor is a banker psyop, buying treasury company stocks is the opposite of separating money from state, arbitrary data is how they make running nodes unaffordable.
BIP-110, self-custody, run Knots, no debt, no stocks.
Iran is the largest sovereign Bitcoin miner in the world powered by nuclear energy, which was always what this was about. It was never a nuclear weapon. It was always nuclear energy. Everything's about energy.
We’re resetting the world based upon energy right now. And what are they trying to do? They're trying to get you to own Bitcoin in a treasury company with Michael Saylor. They're trying to get you to own Bitcoin with BlackRock in an ETF.
They're trying to get you to borrow against your Bitcoin through Cantor Fitzgerald and Howard Lutnick connected to the Epstein network. They're trying to get you to not own Bitcoin, to own crypto, to use stable coins, to use central bank digital currencies, to put it in a Wall Street wrapper, to put it in a debt wrapper, because the last thing they want is for you to own Bitcoin in self-custody.
@SimonDixonTwitt on @impact_theory
It's sorely needed. When was the last time you heard someone say that Bitcoin's mission is to separate money from state?
For me, it's been a long, long while. Just heard it today, and it felt like remembering something from a long time ago.
Bitcoin is MONEY, not Jpeg storage.
Just a peek at one of MANY things we are working on at @MyFirstBitcoin_
A Peer-to-Peer Directory for Bitcoin Education
My First Bitcoin — Internal Vision Document —
The Idea MFB has proven that bitcoin education works best when it is local, contextual, and human. Dozens of nodes worldwide now run their own courses—each with its own schedule, language, and pedagogy. The knowledge exists. The problem is discovery.
A decentralized, open directory will surface every course across the MFB network, enabling any prospective student to find the learning experience that fits them. This serves MFB's core mission: to build a global movement through the Node Network.
The Problem It Solves Our decentralized strength is also a discoverability weakness: A student in Nairobi cannot easily find a Swahili course running in Lagos next month; Donors lack a single view of network output and scale; Excellent educators remain invisible beyond their immediate community.
Without infrastructure like this, network growth will stagnate.
For nodes, this brings more students. For students, it is access to the world's most diverse, battle-tested bitcoin curriculum. For MFB, it is a distribution network that turns fragmented nodes into a living, self-reinforcing global system.
How It Works Each node self-lists courses in standardized format. The directory aggregates these into a searchable, filterable marketplace.
Students can filter by:
• Course type (Intro, Bitcoin Diploma, etc.)
• Language, location, price, schedule
• Node reputation and student ratings
• Educator credentials (certified teachers, ETP, etc.)
Why This Matters This is a proof of concept for how sovereign education scales without centralizing control.
Success Metrics
• Every active MFB node lists at least one course within six months of launch
• New nodes required to list as part of onboarding
• Directory becomes the default answer to "Where do I learn bitcoin?" (for students)
• Directory becomes the default answer to “Where do I find students?” (for teachers)
• Directory helps show, in a tangible way, how impactful and global MFB is.
@BullBitcoin_@Ledger Really, Ledger? The one wallet that drains your keys into a central server? The company that leaks your address?
What are you, BULLbitcoin or BEARbitcoin? Smh.