📄CRYPTO CASE: SEC DROPS CASE AGAINST NADER AL-NAJI FOUNDER OF BITCLOUT
Al-Naji, a former Google engineer, ran decentralized social networking site BitClout, which tokenized user profiles on Twitter (now X)
Years after the site’s launch Al-Naji was hit with charges by the DOJ and SEC, alleging he “lied to get access to millions of dollars, then gave the money away to family and friends.” The SEC charged him with one count of wire fraud.
The DOJ case was dropped a year ago but the SEC case remained active, until now when it too was dropped
DeSo is not going anywhere. DeSo is the world's only blockchain for content, it is actually decentralized, and I couldn't shut it down or censor a piece of content even if I wanted to.
Today, DeSo is the only place on the entire internet that I'm aware of where your content and your social account cannot be censored by anyone. This is because content is stored natively on a fully-decentralized blockchain, not on a centralized company's servers. It is not possible for a private company to "acquire" DeSo, and in fact no corporate entity owns or controls it. DeSo is for content what Bitcoin is for money, and it is currently the only check we have on the centralized content systems that are dominant today.
My team and I have also built the Focus app on DeSo's infrastructure, and today Focus is the only platform I'm aware of where you can sell content for crypto. Focus supports tips, paid content, paid end-to-end encrypted messages, and even subscriptions, all via anonymous crypto payments that can't be censored. It has also been growing over the past few months as creators have begun to find value in monetizing their content via crypto.
We built DeSo from the ground up to support absolute free speech. Not "kinda sorta free speech." Not "post whatever you want unless some people don't like it" speech. Free speech means nobody can censor you, not even the people who built the platform. And it includes being able to pay for and monetize your content without censorship as well. You can think of DeSo and Focus as the world's complete anti-censorship stack. DeSo is the infrastructure (the blockchain) and Focus is the app built on top.
In addition, I want to be clear that I and my team plan on supporting DeSo and Focus indefinitely. As mentioned, it is not possible for any one individual to shut DeSo down, as many at the highest levels have now realized the hard way. However, continued investment in the underlying infrastructure and on the flagship app ensures that everything will continue to scale as more users adopt DeSo, and ensures that your content will continue to be safe even as post-quantum threats emerge. A reminder that every line of code that powers the DeSo blockchain is fully open-source and public under the deso-protocol/core repo on GitHub. This means anyone can contribute and, furthermore, that any contributions my team makes are immediately a part of the public good that is DeSo. This model of open-source iteration directly mirrors that of Bitcoin and the Linux operating system.
In 1991, Linus Torvalds created the Linux operating system because he was passionate about an open and free alternative to existing closed-source operating systems. Today, more machines run Linux than any other operating system, albeit in a different form than he originally envisioned (on servers vs on consumer pcs). Nevertheless, for me, the creation of DeSo came from the same kind of passion. It is the Linux of content, and it is currently the only true economically-sustainable alternative we have to a world dominated by centralized, extractive walled-gardens. DeSo is and will remain an open-source public good that I believe will only continue to grow as more and more people realize its value.
Let me break this down without sugar-coating a damn thing:
America is one medical event away from financially euthanizing its own elders.
Everybody loves to chant “support our seniors” right up until the moment they need actual hands-on care — then suddenly it’s Congratulations, you’re broke now.
Because here’s the truth nobody wants to say out loud:
Taking care of an elderly parent in this country doesn’t cost “a little money.”
No.
It costs a house.
It costs a retirement account.
It costs your sanity.
It costs your life savings and then the government sends you a thank-you note by putting a Medicaid lien on the family home after your parent dies, just to clean out the leftovers.
You want the numbers?
Let’s go.
Home care? $33 an hour.
That’s $8,000 a month just to keep someone safe in their own damn home.
Assisted living? $5,900 a month — $71,000 a year.
More than college. Less useful.
Memory care? Hope you’ve got two kidneys to sell.
Nursing home? $111,000 to $128,000 a year.
That’s not a bill — that’s a ransom note.
And while families are drowning, caregivers — the people keeping our loved ones alive — are paid $16 an hour, while agencies bill $34+ and pocket the difference like it’s a clearance sale on human suffering.
Meanwhile Medicare — the thing Americans THINK pays for their parents’ care — doesn’t pay for ANY long-term custodial help.
Not at home.
Not in assisted living.
Not even in a nursing home beyond a short rehab stay.
They kick you to the curb the second you’re stable enough to blink — “good luck, hope your kids aren’t broke yet.”
So who pays?
Medicaid.
But only if you’re poor enough to practically vanish.
Only if you sell down, spend down, or die down to qualify.
And even THEN, there’s a 3-year, 4-year, 5-year waitlist for home care in some states.
Imagine being 87, needing help with bathing and eating, and the government basically says,
“Sure, sweetie — get on the list, we’ll call you by 2029.”
Families step in — unpaid, exhausted, wrecked.
America survives on the backs of daughters, daughters-in-law, and burned-out adult children quietly doing $600 billion worth of unpaid care every single year while the insurance industry gets fat selling policies with premiums that jump 30% overnight.
And nursing homes?
Corporate chains.
Private equity.
Debt stacked on debt.
They make their money not from love, not from care — but from Medicare rehab margins and private-pay seniors who bleed out their savings to subsidize everyone else.
Your grandma’s Social Security check is not keeping the lights on.
Your grandma’s house is.
This isn’t a system.
This is a machine — designed to take every last dollar a family has before they’re allowed to get help.
A machine that punishes aging, punishes disability, punishes the poor, and punishes anyone who dares to live long enough to need care.
So when politicians talk about “cutting healthcare,”
When they casually vote to slash ACA subsidies, gut Medicaid, or privatize Medicare with a grin like it’s a fun little math problem,
Let me translate what they’re actually saying:
“If your parents get sick… you’re on your own.
If your husband gets dementia… sell the house.
If YOU get disabled… pray you die quickly.”
Because without coverage?
Without Medicaid?
Without ACA?
Without guardrails?
Elder care in America becomes a luxury product.
Only the rich age with dignity.
Everyone else ages with debt.
This isn’t politics.
This is survival.
This is the bill every American family eventually gets — and the bill our leaders pretend doesn’t exist.
We’re not fighting for healthcare.
We’re fighting for our future ability to not abandon the people who raised us.
Because one day, if this system isn’t fixed, it won’t be your parents you’re terrified for.
It’ll be you.
Number 0001 Caught by the magnificent @BKPower8 👩🏼🚀
Thanks!! 🔒🙏🏼
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Two years.
That's how long my team and I have been working on Focus, our next-generation SocialFi app launching this week. It is very much a "MAXIMUM viable product" designed to question every aspect of how we think about our identities and our finances on the internet.
Focus doesn't just improve on BitClout's token mechanics, it re-imagines them from the ground up, and mixes on-chain identity with finance in a way that nobody has ever really attempted before.
I personally think it will do quite well; in fact, I would really be surprised if it didn't go pretty viral. But it's the kind of product where I've poured so much of myself into it that I don't even care how it's received anymore.
It's an experiment I've put 100% of my energy into for years now. But I've enjoyed every minute, and I can't wait to see what you think of it.
Focus is launching in the next week or so. See below for links:
1. Focus: https://t.co/jqeurKmhBY
2. DeSo Blockchain: https://t.co/Ag6Kx0x6u3
3. Block explorer: https://t.co/HV4uUe9VVI
4. Validator Hub and staking instructions:
https://t.co/mTfmFoT41m
5. Openfund (cross-chain order-book spot DEX built on DeSo): https://t.co/ziPODSfKCc
6: DESO tokenomics and docs: https://t.co/NmosHPD1o3
7. Accessible explainer on Revolution Proof of Stake, launced last month: https://t.co/txsy7PYXIe
6. Buy DESO (and soon FOCUS) permissionlessly on Openfund or HeroSwap:
* https://t.co/yrVcYLseMf
* https://t.co/D5zdsfIzSd
Coinbase announced delisting of $DESO the other day, so a sell-off could be expected (chart looks atrocious).
All this in the wake of an ongoing legal proceeding filed against @nadertheory that will likely amount to nothing more than a Fine as the Mob gets their piece
Meanwhile, the $FOCUS app is 13 days away and in the face of this $BTC breakout, the market appears to have forgotten just how much #Bitcoin the DESO team has in their treasury.
Last I heard it was about 2,300 BTC ($166,600,500) + ~$25,000,000 in USDC
DESO FDV is ~$43,000,000 today
Call me crazy, but I'm buying more 🤷♂️
#DeepFuckingValue NFA ofc 😇
Looking for hidden #NFT gem? Here it is; A #community driven project by a real life #art professional art director Peter Richards from Golden Thread Gallery; A humble spirited visionarist guiding a Penwyn project in #deso. Cocreation fueled by dozens of #artists with already 131 invidual holders! Continue reading for more details below 🔽
@Cmdr_Hadfield I want one! 😊
I have your mission patch shirt and a CSA/ASC shirt, but no Sarnia Chris Hadfield Airport shirt. Very cool my friend. Hope you have a fun day!