Despite fighting malfunctioning equipment, I captured one of my most surreal videos ever.
That’s the moon crossing in front of the sun. You can see mountains on the lunar limb as it transits the chromosphere.
Captured using a specially modified telescope from Utah in 2023.
I think its actually an interesting question as to whether allowing a BIP 32+seedphrase-based recovery scheme that also necessarily freezes some coins as a result is more or less property-rights violating than doing nothing.
My view of Bitcoin's property rights has always been that someone who bought bitcoin, took self custody and wrote down the seedphrase 10 years ago then promptly forgot about bitcoin and went and lived their life should be able to retain access to their coins no matter what.
For that user specifically, a recovery path actually *retains* more property rights than it loses. But for patoshi its a different question. Obviously you can do a commit-before-Q-day-reveal-later scheme for patoshi to retain ownership without revealing whether they still have the private keys, but they do have to do something.
Its tricky but ultimately I don't think the "freezing coins is violating property rights so its bad" view is fully thought out - freezing some coins actually allows owners of other coins to retain the coins! Its far from black-and-white.
Within two days, Chamath Palihapitiya and Ray Dalio have both said that bitcoin has "privacy issues" and then related it to why central banks are not going to buy it as if that's a problem. Random coincidence. Bitcoin obsoletes the central bank, the central bank is the problem!
"The Touch of Terran Skies" is an ultra high dynamic range photo of this morning's Total Lunar Eclipse, which I captured using a number of instruments to reveal not just the incredible color on the lunar surface, but the deep space in the Cosmic Background.
Close up below 👇
A made up script and an actor to deliver it: what a perfect combination.
Welcome to the world of funded narratives that are made to look like journalism.
Context:
1. More Perfect Union is an activist-based company founded by former Bernie Sanders staffers. It specialises in presenting narratives that paint community as victims and business as perpetrators. It has previously promoted false narratives about both AI and Bitcoin mining.
2. Ben McKenzie is a former actor who several years ago wrote a book that performed badly when he tried to link Bitcoin to crime, despite the fact that even the US Treasury’s 2024 National Money Laundering Risk Assessment Report found that “the use of virtual assets for money laundering remains far below that of fiat currency.”https://t.co/IeDIkMmcFa
His book has been roundly debunked and he disappeared from X shortly after.
Never one to let fact stand in the way of a good story, Ben is now acting the part of concerned citizen lip-syncing another equally fact-free narrative.
The facts about Bitcoin's creation are well documented source: https://t.co/YoMTuAVnq0 and unsurprisingly are nothing like the story you'd get from our actor-friend.
The irony is that More Perfect Union claim to be the champion for the little guys, but through their ignorance do the opposite.
By attacking Bitcoin they are in attacking those who most use it: small nations like Bhutan who used it to avoid IMF austerities, Women in afghanistan using Bitcoin to avoid state legal gender discrimination against women holding bank accounts, Human Rights activists throughout Africa using Bitcoin to fight for freedom without their bank accounts being frozen, and those throughout the hyperinflating world (Lebanon, Turkey, Venezuela...) using Bitcoin simply to make ends meet.
That is why Stella Asange called Bitcoin "The real occupy movement."
In other words, they help the oppressor: The IMF, Central Banks, and oppressive governments.
Simone de Beauvoir once said "The oppressor would not be so strong if he did not have accomplices amoung the oppressed."
It was the More Perfect Unions of this world that de Beauvoir was talking about: those that claim to stand up against oppression, but in fact through either ignorance or intent - end up helping the oppressor.
IMF and merchant banks rub their hands together every time More Perfect Union, wittingly or unwittingly, do their work for them. Brandolini's law tells us that every bit of BS takes 10x more truth to counter it.
So no doubt, some more impressionable people will be taken in by this nonsense.
But so long as you base your stories on ignorance and misinformation, there is a use-by date on these stories, and a use-by date on what credibility you have left.
What do 2025 Bitcoin skeptics in 2025 have in common with 1995 Internet skeptics:
They've never used it
I still remember in 1995 trying to persuade my Dept of English professors to let me do my thesis on this newfangled thing called "The Internet".
None of them had used it. But they all had an opinion about it. And they were all happy to tell me why my research proposal was risky and reckless, and why the Internet itself wouldn't amount to much.
Fast forward to 2025, same vibes. Plenty of Bitcoin skeptics, plenty of people calling it reckless and risky. Once again, not one of them has used it, let alone researched it.
Back in 1995, it turned out that the opinion of one 20-something student who had studied and used The Internet was more informed than a team of college professors who hadn't.
Same is true today, the opinion of a Gen-Z who has studied and used Bitcoin is more informed than a team of economists, journalists, or financial advisors who haven't
17 years after the white paper, the Bitcoin network is still operational and more resilient than ever. Bitcoin never shuts down.
@SenateDems could learn something from that.
🚨BREAKING: STRATEGY GETS B- CREDIT RATING FROM S&P GLOBAL🚨
S&P Global just gave Strategy, the first Bitcoin Treasury Company, a B- credit rating.
That’s the same rating they give to bankrupt car rental companies and debt-soaked airlines.
Strategy holds 640,808 Bitcoin.
Roughly $74 billion in transparent, self-verifying collateral.
JetBlue burns cash. Hertz burns cars. Strategy holds Bitcoin.
Same rating.
In this video, I break down why this isn’t just a bad rating, it’s a historic failure of legacy finance to understand digital solvency.
The rating model didn’t expose Strategy’s risk.
It exposed theirs.
That said, this is an INCREDIBLE WIN for Strategy and Bitcoin as a whole. PRECEDENT is important, and now we get to watch the climb up.
Welcome to the moment when credit agencies got graded by reality:
To people saying Bitcoin has no intrinsic value, a reminder that each Bitcoin represents ~1 GWh of energy transformed into digital scarcity, secured by code, halving every four years until 21M max supply. Good luck finding a better asset. cc: @Lagarde
Ace Frehley was the embodiment of rock ’n’ roll attitude — unapologetic, loud, and irresistibly catchy. His riffs had swagger, his tone had bite, and his presence lit up stages like a supernova. The Spaceman has left the stage, but his orbit will shine forever.
@zerohedge True.
That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.
If you believe free speech is for you but not your political opponents, you're illiberal.
If no contrary evidence could change your beliefs, you're a fundamentalist.
If you believe the state should punish those with contrary views, you're a totalitarian.
If you believe political opponents should be punished with violence or death, you're a terrorist.
When asked why great Gothic cathedrals are no longer built, 19th-century poet Heinrich Heine explained:
"The men of old times had convictions; we modern men have only opinions, and more than these are needed to raise cathedrals."
My BPI keynote, delivered in DC to a hall full of American leaders
"Bitcoin is the Most Important Human Rights Technology of the 21st Century"
Please share with anyone who doesn't think Bitcoin has a use case ✌️