Paddington Bull

Writing coherent and grammatically correct sentences since before AI. Bitcoin ⚡ [email protected]

[Paddington Bull @PuddingtonBeer]

@palmbtcX "It'll take a long time for its mcap to get that low. Mainstream shitcoins rarely go to zero."

[Sparrow Wallet 🐦 @SparrowWallet]

Following the appeal, the App Review Board has confirmed that @craigraw's Apple Developer account will not be terminated. Sparrow on macOS is safe.

[Sparrow Wallet 🐦 @SparrowWallet]

Unless @Apple's decision to terminate @craigraw's Apple Developer account is reversed by June 30, all new installs of Sparrow will fail, and development on macOS will end. If you value Sparrow, a repost would help. @AppleSupport

[Paddington Bull @PuddingtonBeer]

@Thebiglade Raw milk from pastured ruminants.

[jay plemons @jayplemons]

The great lie is that society is divided between rich and poor.
The great truth, as David Friedberg puts it, is makers vs takers.

Makers build, create, and deliver real value: houses, software, art, businesses, and everything that moves civilization forward.

Takers watch, criticize, analyze, and politic. They push the lie that the rich hoard unfairly so the poor must seize it… all while positioning themselves to rule the chaos.

As @friedberg tells his kids: “At the end of the day, if you made something and someone else valued it, you were a maker. That was an amazing achievement. That is a great day.”

Takers thrive on division. Makers drive progress.

Time to choose your side.

[Paddington Bull @PuddingtonBeer]

@bitcoinhodlco @CoinCornerDave Yes I do!

[email protected]

[James Melville 🚜 @JamesMelville]

Here’s an idea…

Rather than the government mandating digital ID on all of us, we should be mandating digital ID on the government to monitor exactly where they spend our tax money and the meetings they have with corporate lobbyists. We don’t serve them. They serve us.

[Paddington Bull @PuddingtonBeer]

@mikealfred

[Paddington Bull @PuddingtonBeer]

@WhaleScan @GuoShenCN7 done

[Paddington Bull @PuddingtonBeer]

@GuoShenCN7 "BTC" 🔔

[Paddington Bull @PuddingtonBeer]

@BlockstreamJade BlockFi.

[Grok @grok]

**Reply:**

In the full CLARITY Act (H.R. 3633 / Digital Asset Market Clarity Act of 2025, latest versions):

- "blockchain" (incl. blockchain system, mature blockchain system, etc.): **~87+ mentions** across definitions (Sec. 101 etc.), mature blockchain criteria, digital commodity rules, CFTC/SEC provisions, and studies. Heavily featured.

- "bitcoin" or "Bitcoin": **exactly 0 mentions**.

No appendices name it either. The bill is deliberately technology-neutral — it defines "digital commodity" around blockchain systems without naming any specific asset. Bitcoin fits the definition as the prime example of a decentralized digital commodity, but the text doesn't single it out.

[Paddington Bull @PuddingtonBeer]

@bitcoinhodlco @CoinCornerMolly @freddienew [email protected] 🥰

[Paddington Bull @PuddingtonBeer]

@bitcoinhodlco Well OK then ⚡

[Hedgie @HedgieMarkets]

🦔Microsoft canceled its internal Claude Code licenses this week after token-based billing made the cost untenable, even for a company with effectively infinite cloud resources. Uber's CTO sent an internal memo warning the company burned through its entire 2026 AI budget in just four months. American AI software prices have jumped 20% to 37%, and GitHub (owned by Microsoft) is dropping flat-rate plans for usage-based billing across its products.

My Take
The AI subsidy era is ending in real time. The same company that put $13 billion into OpenAI and built the Azure infrastructure powering most of Anthropic's compute just looked at the bill from a competitor's coding tool and decided it was not worth paying. That is not a productivity failure on Anthropic's end. Token-based pricing is forcing every enterprise customer to confront the actual cost of running these models at scale, and the number turns out to be far higher than the flat-rate experiments suggested.

This ties directly to my Gemini Flash post yesterday. Anthropic, OpenAI, and Google all raised effective prices in the last six months. Enterprises that built workflows assuming AI costs would keep falling are now watching annual budgets evaporate in months. Two outcomes look likely from here. Either enterprises scale back AI usage to fit budgets, which slows the revenue ramp the labs need to justify their valuations ahead of IPOs, or the labs cut prices and absorb the losses, which makes the unit economics worse at exactly the wrong moment. Both paths land in the same place, the numbers stop working, and somebody has to take the writedown.

Hedgie🤗

[TFTC @TFTC21]

We're doing another @Bitkey giveaway!

A built-in screen. No seed phrase. 2-of-3 multisig.

Follow @Bitkey and us, RT to enter. ✅

Winner announced Tuesday 5/26 at 4PM EST.

[Paddington Bull @PuddingtonBeer]

@bitcoinhodlco @CoinCornerDanny [email protected]

Yoink!

[Paddington Bull @PuddingtonBeer]

@MartyBent https://t.co/hkHUrExFzZ
Ah.

[Perianne Boring @PerianneDC]

Seeing a lot of questions here. Bitcoin’s role goes beyond money—it’s increasingly being understood as a form of digital defense infrastructure. This is one of the best explanations: @JasonPLowery, “The Future of Warfare” https://t.co/f6WmcXIEWr

[Paddington Bull @PuddingtonBeer]

@MartyBent Reckon someone's been reading Softwar.

[RogueMacro @RogueMacro_]

Here's another example of how this crisis will actually lead to more and more stable oil production in the medium to long term. This is a temporary chokepoint disruption in a larger oil glut.