Jpools@sats @4840

Handca$h: $jpools
Twetch: @4840

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

You bought BTC and thought you had bought Bitcoin. That is the funny part.

Nobody is laughing because someone bought a speculative asset. People speculate every day. Some even manage not to buy the whole way down while congratulating themselves for their financial genius.

The laughter is for the people who bought a ticker, inherited a slogan, and still cannot tell the difference between a price chart and a working monetary system.

Bitcoin was electronic cash. It was meant for transactions, settlement, commerce, micropayments, scale, and utility. BTC became a museum token with a fee market, a priesthood, and a crowd of bagholders calling inactivity “sound money.”

There is a simple rule here, though it seems to defeat many: price is not utility. Scarcity theatre is not commerce. Hoarding is not a payment system. A thing going up does not prove it works, and a thing falling while you buy more of it does not make you early; it may simply mean you are providing exit liquidity with religious enthusiasm.

So yes, congratulations. You bought something called BTC. You may even have made money, or perhaps you bought on the way down and called it conviction, as people often do when arithmetic has become emotionally inconvenient.

But you did not understand Bitcoin.

You bought the souvenir and mistook yourself for the architect.

[Don’t Follow Shardi B If You Hate Money @ShardiB2]

I'll play

If $MRVL becomes a Trillion Dollar company by Friday I'll give 10 RANDOM PEOPLE 1k who like and follow

Would be my absolute pleasure

[Jpools@sats @4840 @Jpools321]

@ordinalswallet

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

Michael Saylor: CEO of Kool-Aid & King of the Corporate Cult
Prophet of Thermodynamic Delusion, Martyr of the Shareholder Ledger, High Priest of the Hopium Eucharist

Michael Saylor didn’t just buy Bitcoin. He made it his god, his brand, and his exit strategy—all in one hit. One day, he’s the sleepwalking CEO of a dying analytics firm. The next, he’s Moses on Adderall, descending from Mount CoinDesk with two stone tablets engraved with HODL memes and a $4 billion leverage position. He didn’t “get into” Bitcoin. He inhaled it through both nostrils, rubbed it on his gums, mainlined it into his portfolio, and started speaking in tongues about monetary entropy and solar flares. If CNBC had any decency, they’d list MicroStrategy’s ticker under cults, not tech.

This is a man who mortgaged his company, diluted his shareholders, and sold junk bonds to buy an asset he barely understood but described like a stoned freshman in a physics lecture. “Bitcoin is energy… truth… time… fire… the solution to thermodynamic decay.” Somewhere in that word salad is a quarterly loss the size of a small nation’s GDP. But don’t worry—he’ll tell you it’s just “volatility within the upward spiral of monetary transcendence.” No one’s allowed to say it, so I will: Michael Saylor sounds like a TimeCube forum moderator who discovered PowerPoint.

He turned a public company into a leveraged Bitcoin ETF without regulatory approval and called it strategy. No risk management, no hedging, just pure uncut conviction wrapped in a technocratic death spiral. He didn’t DCA. He YOLO’d with shareholder equity and the confidence of a man who thinks gravity is optional if you believe hard enough. When the price went up, he was a genius. When it crashed? Still a genius—just temporarily misunderstood by the universe. It’s not a loss, it’s a “long-term adoption curve.” Right. And my pub tab is an investment in the future of hops.

Let’s talk about his sermons. Watching a Saylor keynote is like entering a doomsday prepper’s TED Talk. He mixes metaphysics with markets, quotes Genghis Khan and Thermo Fisher in the same breath, and finishes with a dead stare like he just heard God whisper “sats” in his ear. You’ll hear things like “Bitcoin is a swarm of cyber hornets” and “digital property in cyberspace carved into blocks of thermodynamic integrity.” Translation: he’s lost the plot and we’re all supposed to clap. It’s the kind of presentation that makes you wish overhead projectors still caught fire.

And the followers—oh, the followers. They call him visionary. Visionary? He’s a Maximalist Elmer Gantry with a calculator and a martyr complex. He thinks every company should convert its cash reserves into Bitcoin and hold through hell. Tell that to CFOs who like not being sued. The man would sell his spine to buy another sat if he thought it might make a headline. And every time Bitcoin drops, he doubles down like a bloke who walked into a casino, bet the house, lost, and claimed it was all part of his macro thesis.

His real genius is simple: he saw a cult and crowned himself messiah. He didn’t build Bitcoin. He bought it—on margin, at the top, with a grin. He took shareholder capital, loaded it into a cannon, and fired it at the moon while shouting "laser eyes!" Then he called it legacy. Bitcoin didn’t need Saylor. But he needed it—needed something to wrap around the rotting husk of MicroStrategy and make it look like destiny, not desperation. And people bought it. At least for a while.

He didn’t lead a revolution. He converted a balance sheet into a suicide note and read it aloud at every conference.

#SaylorTheSacrificial #ThermodynamicTrainwreck #HopiumMessiah #KoolAidCFO #BTCClownVerse #MicroStragedy

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

Funny thing is, you could have drawn the exact same chart during the dot-com bubble and declared https://t.co/2I2nU6aO5B the inevitable future of civilisation.

Price trends during speculative manias are not proof of utility. Tulips had charts. Beanie Babies had charts. Madoff had consistent returns until reality arrived with a baseball bat.

The Internet survived because it delivered actual utility at scale after the bubble collapsed. Thousands of companies vanished. Infrastructure remained.

That is the point you keep missing.

If BTC lost 95% tomorrow, what remains operationally? A network that still struggles with throughput, relies increasingly on custodians, pushes activity off-chain, and treats transaction scarcity as a feature.

The Internet bubble funded scalable infrastructure. BTC speculation funds leverage casinos and perpetual ETF narratives.

And your logarithmic rainbow chart is not engineering analysis. It is astrology for men who discovered Excel.

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

@theswansjr Or... 0

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

Again, this is the disease of the thing: people mistake statistical regurgitation for intelligence.

It has no judgment. It has no understanding. It merely repeats the fashionable errors it has swallowed, then serves them back with the confidence of a club bore who has mistaken consensus for thought.

This is the bandwagon fallacy made mechanical. Feed it enough people chanting rubbish, and it will chant rubbish with punctuation.

And then, naturally, people rely on it.

That is the comic horror of the age: not artificial intelligence, but actual ignorance automated at scale.

Idiocy was bad enough in single file. Now it arrives squared, polished, and pretending to reason.

[Tony Morgan @BSVtony]

Better get used to it

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

@Vivek4real_ Addresses are not people - idiot

[Jpools@sats @4840 @Jpools321]

@BullRushClub @b3retta_

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

One of the things I have come to understand about this universe is something I first learned, in sharper form, from the writings of Terry Pratchett.

He understood something that many solemn men in expensive rooms never quite manage to grasp. We are not merely Homo sapiens. We are Pan narrans — the storytelling ape, the storytelling chimp, the creature that does not merely observe the world but survives by wrapping it in meaning.

That is what we are.

Not the rational animal, not the economic animal, not the statistical animal, not the glorious little spreadsheet mammal that consultants dream about after too much airport coffee. We are the animal that tells itself stories and then builds empires, religions, markets, wars, technologies, and entire civilisations around them.

People like to pretend otherwise, of course. It is one of their more charming weaknesses. They imagine that the world runs on facts, when most of them would not recognise a fact if it arrived with a passport, three witnesses, and a signed confession. They imagine it runs on science, when half the institutions invoking science are merely laundering authority through a lab coat. They imagine it runs on money, when money itself is only a story that has learned to wear a suit.

The strongest force in this universe is not gravity.

It is not electricity.

It is not the elegant machinery of physics, though I have published in physics and have more work in that field coming. I understand the appeal of equations. They are clean. They are disciplined. They do not flatter fools merely because the fools have followers.

But human beings do not run on equations.

They run on narrative.

They run on stories.

Stories are what tell a man whether he is defeated or merely delayed. Stories tell a mob whether it is righteous or merely numerous. Stories tell cowards they are prudent, thieves they are innovators, parasites they are intermediaries, and bureaucrats they are guardians of order.

The right story can keep a civilisation alive.

The wrong one can make a civilisation applaud while it walks into the furnace.

That is why narrative matters. That is why people fight over it. That is why they lie, distort, censor, sneer, smear, and posture. Not because they care about truth. Most people have only a holiday acquaintance with truth. They visit it occasionally, complain about the weather, and return to the warm swamp of consensus.

They fight over narrative because narrative governs what people believe is possible.

And one of the oldest, strongest, most enduring narratives is the comeback.

The return.

The man who was declared finished, buried, dismissed, mocked, written off, and explained away by people whose chief talent was being wrong in groups.

The amusing thing about such people is that they always mistake the middle of the story for the end. They see blood and call it defeat. They see silence and call it absence. They see delay and call it destruction. They see a man forced to endure and assume endurance is weakness.

That is because their imagination is small.

And small imaginations always confuse survival with failure.

But the comeback is powerful because it does not require permission from the crowd. It does not ask the mob to revise its opinion first. It does not wait for the priests of fashionable consensus to announce that the weather has changed. It simply arrives, inconveniently alive, carrying receipts and a very poor opinion of those who celebrated too early.

That is where we are now.

They wrote their story.

They told themselves they had won.

They convinced each other that the patents would disappear, the IP would vanish, the work would be erased, and the man would be stopped.

A touching little bedtime story, really. The sort told by people who need the dark to feel safe.

But reality has an unrefined habit of entering the room without asking permission.

The work remains.

The IP remains.

The publications are coming.

The story is not over.

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

I do not want the power.

I do not want the money.

I do not want the control.

That will confuse a certain type of person, because a certain type of person cannot imagine building anything except as a prelude to owning the throat through which everyone else must breathe. They think invention is merely the larval stage of monopoly. They think every road must have a tollbooth, every tool must have a landlord, every market must have a priest, and every creator must eventually be reduced to a tenant.

That is their disease.

I have seen what power does. I have seen what money does. I have seen what control does. I have seen it in others, and I have seen it trying to work its way into me. Anyone who says power does not corrupt is usually either lying, already corrupted, or too dull to notice the smell.

I have a good life.

I do not need to build another cage.

What I want is simple.

I am developing this. I am releasing it this year. It is already underway. And when it is ready, I am handing it to everybody.

Not to a foundation.

Not to a platform.

Not to a cartel.

Not to a board of soft-handed little managers who will spend three years discussing governance while quietly writing themselves into the rent stream.

Not to anyone to control.

For everyone.

Anyone, anywhere on Earth, who wants to build with it will be able to build with it. No permission ceremony. No kneeling at the polished altar of Silicon Valley. No begging some intermediary to please allow innovation this quarter, provided it does not disturb the advertisers, the banks, the exchanges, the app stores, the regulators, the consultants, the custodians, or whatever other magnificently useless creature has inserted itself between work and value.

Everything tied to a blockchain.

Everything provable.

Everything private.

Everything controlled without needing gatekeepers and intermediaries standing in the way, charging rent on movement, access, ownership, identity, distribution, or trust.

That is the point.

Not another monopoly.

Not another walled garden.

Not another empire of managed dependency dressed up in the cheap perfume of innovation.

A system where digital goods can exist as property. Where ownership can be proven. Where transfer can be recorded. Where rules can follow the object. Where privacy can remain intact. Where creators can create, buyers can own, and markets can form without asking permission from people whose chief economic function is obstruction with a logo.

The old world was built by middlemen who discovered that if they stood close enough to value, they could convince everyone they had created it.

They did not.

They merely blocked the road and charged admission.

The new world is coming.

And no, it will not be dragged in by me alone, kicking and screaming against the weight of the old order. That is not how worlds change. Worlds change when enough people stop accepting the lie that the cage is there for their protection.

It will come because builders want to build.

Because creators want to own their work.

Because families want more than managed decline and subscription life.

Because people want a better world than the one designed by intermediaries, bankers, platforms, and the thin little men who confuse custody with civilisation.

I am not giving this to the powerful.

I am giving it to those who are tired of needing the powerful.

I am giving it to the people who want more for their families.

I am giving it to the people who want to build businesses without permission, publish without dependence, sell without surrender, create without being farmed, and own without being told that access is the modern substitute for property.

The middle will hate it.

Good.

The gatekeepers will sneer.

Let them.

[M5IVE @ive_m5]

The one thing not talked about today

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

@BitcoinErrorLog Bèn there... years ago.

Solved it... years ago.

[S Tominaga (Aka Dr Craig Wright) @CsTominaga]

@BitcoinArchive Volume is tps you idiot.

[Kurt Wuckert Jr @kurtwuckertjr]

Crazy, I'm almost at 4000 in 24 hours. I'll stop posting updates in increments of 1000, if it's gonna happen this fast!

[BSV Search @BSVSearch]

I only found this out recently and my mind is blown🤯

1) You can buy a .web3 #domain name here https://t.co/eAqvcFALqu. This is a domain name for the 'BSV Internet' if I may call it that.

So I've bought a couple for future projects I have in mind!

[MrBen (Palmer) @71Nous]

Japan is moving government bonds on-chain.

The active trial uses the Canton Network, involving Mizuho Financial Group, one of Japan’s three largest megabanks, Nomura Holdings, Japan’s largest investment bank, and Japan Securities Clearing Corporation (JSCC), the central clearing house for the entire Japanese financial market and a wholly-owned unit of Japan Exchange Group (JPX).

Canton is worth understanding before calling it a solution.

It is “public permissioned”, meaning transactions do not appear on a fully public record. Regulators cannot independently verify what happened without asking permission. The $334 billion in repos on Canton is represented value, not settled value. It uses blockchain for record keeping. The money still moves the old way.

Three problems remain unsolved.

The Data Problem.

Someone still has to confirm a real-world event happened before the blockchain records it. You have not removed trust. You have just hidden it.

The Coordinator Problem.

Canton’s privacy model requires a trusted party to manage who sees what. That is still an intermediary. Just a smaller one with a better name.

The Lock-in Problem.

Canton runs on DAML, a proprietary smart contract language owned by Digital Asset, the company that built Canton. If that company changes, everything built on it has a problem. It is private infrastructure dressed as neutral infrastructure.

Meanwhile Mitsubishi UFJ Financial Group (MUFG), Japan’s largest bank has its own platform: Progmat.

And inside MUFG sits Masumi Hamahira.

21 years at MUFG across corporate finance, derivatives, and global business planning. Founder of MUFG’s Islamic Finance division in Malaysia. Arranger of the world’s first Japanese yen denominated sukuk in 2014. Multiple Islamic Finance News Award winner. Listed in the Islamica 500, the 500 people who shape the global Islamic economy.

He is also a founding member of the Bitcoin SV (BSV) Technical Standards Committee and the BSV Association Ambassador for both Japan and Malaysia.

He has spent years making the case that BSV is the correct settlement infrastructure for exactly the kind of instruments Japan is now attempting to put on-chain.

He already knows what Canton cannot solve.

One more thread worth watching.

Allen Overy Shearman (A&O), the law firm that advised on the world’s first public blockchain bond, shaped digital bond law across two European jurisdictions, and works directly with the International Swaps and Derivatives Association (ISDA), the body whose Common Domain Model (CDM) underpins Tokenovate’s BSV settlement architecture, just made a landmark hire in Tokyo.

The first finance partner ever to move from one of Japan’s Big Four domestic law firms to an international firm. Specifically for Japanese debt finance.

The firm that helped architect digital bond law globally is now positioning itself at the centre of Japan’s digital debt infrastructure.

They may not know it yet. But every requirement they are building toward, public auditability, legal finality, unlimited scale, #BSV already solves.

Canton solves the institutional problem by hiding from public auditability.

BSV solves it by making public auditability the feature.

#BSV
#JPY
#setinstone