Truth for the Commoner. A media company focused on #Bitcoin, freedom, and truth in the digital age.
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npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw Profile Code
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2026-03-24T02:35:49Z Event JSON
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Last Notes npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The Bitcoin Policy Institute just filed to intervene as a defendant in a New York lawsuit that should concern every bitcoiner who self-custodies. A pseudonymous plaintiff "Noah Doe" is trying to use New York's 1958 lost-and-found property law to claim ownership of ~39,069 dormant bitcoin addresses holding an estimated 3.8 million BTC (~$293B). The argument is if your bitcoin hasn't moved in 5+ years, anyone can download your public address, report it to the NYPD as "found property," and claim it's theirs. The addresses targeted include wallets linked to the Mt. Gox hack, the Counterparty burn address, and 21,000+ addresses attributed to Satoshi Nakamoto. Matthew Boyer is stepping in because they hold bitcoin long-term, just like millions of other HODLers, and this legal theory would criminalize the most basic principle of self-custody, holding. Inactivity is not abandonment. A public address is not "found property." And a law written for lost wallets and umbrellas has no business being applied to the Bitcoin blockchain. A hearing is set for July 14. The outcome could set major precedent for property rights in bitcoin. https://blossom.primal.net/07e4add4b88ee5f8075ebc8192935c95f073323ca75c9dada1aaa3afff5ccc65.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Tesla is demolishing portions of its Fremont factory's Model S and Model X production lines to make way for new high-volume Optimus humanoid robot manufacturing lines. They have plans to eventually reach an annual capacity of 1 million robots. https://blossom.primal.net/74faee43691eb5b08f3e077024b0d66272eaf11378d2f55cc629bee3b5f67fb4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Cerebras CEO Andrew Feldman: "We have a shot with this technology so that not our children nor anyone they know dies of cancer... Make your tally of the cons and the pros. There's a shot that our children, none of them nor the people they love, will die of cancer." https://blossom.primal.net/a495083dfdcd6de7086b0d0a438dcc8135467589a728c079f6509fa86c88c493.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Howard Lutnick: "We try to bring 40 to 50 percent of manufacturing of semiconductors home to America so we can take care of ourselves. This is critical capability, which also brings with it, for Micron alone, 100,000 American jobs. Just Micron alone." https://blossom.primal.net/2c78d0877a683cacff7caaff4b0d93ffe386478fdf25d48d59d630bc1a7a43c0.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "That's the 0.01% of life and the other 99.9% is now going to be surveilled. And I just don't like that." (KFCBarstool) on the surveillance tradeoff. https://blossom.primal.net/4d87fac89f914736a7c828bec964423c02066f9df797d9d2d0ad97cd368b37e8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC .(raw_avocado) on the time Gregory Maxwell sent 21 million bitcoins to himself in Bitcoin's early days. https://blossom.primal.net/ddea057c45faf35dbc61bc10d6c90c4699e5d2ee6aaef35fcdd2a00952a22612.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC .@npub12rv…85vg's NFC Tap-to-Pay with Bitcoin ecash in the wild at Steak 'n Shake. https://blossom.primal.net/51a59060cc863797b8f84fef7726840159b1295d21fea2108b9d15680235c94d.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "DAC8 is in my opinion the single biggest threat to both the cypherpunk principles of Bitcoin and to the lives of our users." - Theo Mogenet https://blossom.primal.net/6d192fc34561e469f07316ec144d7de35ccb6ab02df0f9767c1e1a8037230a65.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC A federal judge just handed Kalshi a major loss in the Southern District of New York. Judge Analisa Torres denied the prediction market platform's request for a preliminary injunction, a ruling that legal experts say will have knock-on effects across multiple pending cases in Connecticut and other SDNY lawsuits. The case centers on whether prediction markets are regulated financial products or unlicensed gambling operations. Kalshi has argued it operates as a CFTC-regulated designated contract market and that federal oversight preempts state gambling laws. New York Attorney General Letitia James disagrees. Her office is now expected to file a civil enforcement action against Kalshi in state court seeking restitution, disgorgement, civil penalties, and injunctive relief. This is part of a broader legal assault on prediction markets playing out across the country. In Minnesota, a federal judge recently signaled sympathy with the state's argument that platforms like Kalshi and Polymarket have "far exceeded what Congress initially intended" when creating the CFTC framework in 1974. The key question in that case was how to define what Kalshi actually does. Kalshi says "trading on designated contract markets." Minnesota says "gambling." How courts define that field will dictate who wins. Meanwhile the whole thing may be heading to the Supreme Court. Justice Alito just gave New Jersey until August 4 to file a petition challenging a Third Circuit ruling that had sided with Kalshi and shielded its event contracts from state gaming regulation. If SCOTUS takes the case, it could settle the question nationally. Kalshi will appeal the Torres ruling and seek an immediate injunction pending that appeal. But the momentum has clearly shifted. States are winning the argument that prediction markets function like sports betting and should carry the same consumer protections and oversight that licensed sportsbooks provide. https://blossom.primal.net/59e8ee12357aa512f4612cbd8575b4441f1565e0cd5763c84feee9a543ef673b.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Meta just disclosed it faces $1.4 trillion in potential penalties in the teen mental health case brought by state attorneys general. That number is nearly equal to Meta's entire market cap. Twenty-nine states are suing Meta for violating the Children's Online Privacy Protection Act by collecting data from underage users without parental consent. They allege Facebook and Instagram were intentionally designed to be addictive to children, fueling anxiety, depression, self-harm, and suicide. Four of those states are also targeting Meta for misleading the public about safety risks. The $1.4 trillion figure comes from how California, Colorado, Kentucky, and New Jersey have proposed penalties should be calculated if they win. Meta's lawyers called it "outlandish" and said a sanction of that size "has no analog in the history of consumer protection enforcement." This is not happening in a vacuum. Meta already lost two major cases this year. A California court found it liable for fueling social media addiction. A New Mexico jury found it failed to protect kids from online predators. The company now faces more than 2,400 pending lawsuits from school districts, parents, and governments in what critics call a "Big Tobacco moment" for social media. The trial is set for August 18 in Oakland. The actual penalty will almost certainly be far less than $1.4 trillion. But the scale of the legal exposure tells you how regulators view what happened. This is a company accused of knowingly designing products that harmed an entire generation of children for profit, and 29 states are lined up to make the case. https://blossom.primal.net/80bc72e0b2bec559dc90c7f9f62a3c300ee98c0734d55d85d75d9d85b7701f7a.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC El Salvador's Bitcoin Office rolls out Diploma 2.0 across public schools, equipping students with official textbooks on Bitcoin fundamentals. https://blossom.primal.net/a1b325359b4de128cc04ab6a29cf88514543bcf61fa9012f585f765f7088ec04.jpg https://blossom.primal.net/ebb929a4ee34c06aa45ebe4219f5ad036e7a2639f46f22ebb1506e9a225bf419.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC New Hampshire is about to vote on something that has never been done before. Tomorrow, Governor Kelly Ayotte and the state's Executive Council will hold a public hearing on a resolution to authorize up to $100 million in bonds backed entirely by bitcoin. If approved, it would be the world's first bitcoin-backed municipal bond. The structure is key. No public money is at risk. Instead of the state repaying investors, a private borrower does. That borrower is CleanSpark, a bitcoin mining company that posts bitcoin as collateral. Bond payments come from proceeds tied to that collateral, and investors get upside exposure through payments linked to bitcoin price appreciation. If bitcoin drops below a set threshold, a trust holding the collateral liquidates to repay bondholders in full. BitGo holds the bitcoin in regulated cold storage. This fits a broader pattern. New Hampshire became the first state to pass a strategic bitcoin reserve law in 2025 and just last week registered HB639 protecting the right to use bitcoin as payment, run nodes, and self-custody. The state is methodically building an entire legal framework around bitcoin adoption. Moody's rated the bonds Ba2, two notches below investment grade, labeling them speculative. An outside finance professor found recent bitcoin price swings would be "highly likely" to trigger the liquidation provision. But the state is legally insulated and taxpayers are not exposed. What matters is the template. A US state is using municipal bond infrastructure to bridge traditional fixed income and bitcoin without taking any balance sheet risk. If it works, this is how bitcoin enters American public finance. Not through a federal mandate, but through one small state proving the model. https://blossom.primal.net/83525ee6a8b8ac6f3cf08d4960da0c1290ee3b1845e49f8ebcd64524a1df3fcd.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "A lot of Bitcoiners start taking Christ seriously. And it's usually slow and very methodical and very rational." @npub10vl…sp42 on the phenomenon of Bitcoiners finding faith not through emotion, but through the same evidence-based pursuit of truth that led them to bitcoin. https://blossom.primal.net/c7bccafd0999596d942387c4490b998c01d4a75cfe2f1262e363998c6a426243.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The canary in the coal mine is screaming in Japan. Japan's 10-year government bond yield just hit 2.85%, highest since May 1997. The 20-year is sitting around 3.82%, near the highest level in the dataset going back to 1987. The 30-year is above 4%. Meanwhile the yen is trading near 162 per dollar, close to its weakest in four decades. Japan is the clearest expression of the sovereign-debt trap: too much debt, a central bank that distorted the bond market for years, a currency that keeps weakening, and yields that rise anyway because the market is losing patience. When the country that pioneered yield curve control starts losing control of the curve, every sovereign-bond holder should pay attention. This matters beyond Tokyo. If JGBs keep selling off while the yen keeps sliding, the pressure leaks into U.S. Treasuries, global carry trades, bank balance sheets, and political panic. Bitcoin is the escape hatch from the paper-duration trap. https://blossom.primal.net/39822724bb491483df8c0d2064b31041c9936fff009fa96a61a036bc8bfa2b31.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "There's a good probability that the powers that be will declare that a recession started sometime in 2026. I would give that a 50% probability at least." - Jeffrey Gundlach https://blossom.primal.net/12f061f46146ffbbf4484f5a7570f109f03d9d033d1cf314ba5535e4e060e2bb.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "That is just not really a world that's compatible with anything but fiscal largesse." @npub1g0e…l966 on why the AI buildout makes tight monetary policy impossible and what that means for Bitcoin. https://blossom.primal.net/7430406b0e48b0a539f9d8c4a4122902cdcebedbe69851d0c4ea9d47603941b9.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "By the time Hal gets to look at it over the weekend, the blockchain is already at block 49. I couldn't believe it. It's too easy. That's why no one looked." (raw_avocado) on Bitcoin's earliest days. https://blossom.primal.net/425fc545f50fb189cae83634fa128662315768500a0f974ee59fa14ff25e0abc.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Housing inflation isn't some mystery. It's policy. All the way down. The Biden administration ran an open-border policy. Tens of millions of border encounters over a compressed period. Millions allowed into the country while the immigration system buckled. That was not a natural market event. When you dump a massive number of people into a country over a short period, many without the skills, capital, or income to immediately carry their own weight, you create pressure everywhere. Schools. Hospitals. Municipal budgets. And housing. If millions of additional people need a place to live and supply doesn't expand at the same pace, prices go up. Rents go up. Families living paycheck to paycheck get squeezed harder. Young people trying to buy their first home get pushed further from the starting line. The research backs this up. The Philadelphia Fed's Albert Saiz found that an immigration inflow equal to 1% of a city's population was associated with roughly a 1% increase in rents and housing values. He studied the Mariel Boatlift as a natural experiment. Miami's renter population rose ~9% in one year and rents rose ~8% more than comparison cities. Fed officials have started saying this out loud. Governor Miran cited Saiz directly and argued that net zero immigration going forward would imply roughly 1 percentage point lower rent inflation per year compared to the prior baseline. The same policymakers that gave us monetary debasement, rate suppression, and open-border chaos want to act like housing inflation is an unfortunate weather pattern. It's not. They printed the money. They suppressed rates. They let housing become a financial asset first and a place to live second. They strangled supply with zoning and regulation. Then they layered a massive immigration-driven demand shock on top of a market that was already broken. And ordinary Americans got the bill. https://blossom.primal.net/6c514954633d98daa84be07ed928eedc309245c2600cca874c083457ca7ddb83.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The network halted 8 times. There were only 2 nodes. They always went down together. Clearly, they must be the same entity." (raw_avocado) on the evidence that Satoshi was running a second node just to keep Bitcoin alive. https://blossom.primal.net/1605751a71c6316e000e372e5ee8b43488aebe14cfdb88fddcea04bf77407653.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "I just could not believe there's nothing written about this. Zilch. Nothing." (raw_avocado) dug into Hal Finney's original debug.log file from Bitcoin's first days, a public file nobody had actually analyzed. https://blossom.primal.net/190b98413f26e7b510ba4147f464542bfa3e9965c2cad553ff831d1b38395f8b.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Germany's Finance Minister just confirmed crypto gains will be taxed like capital income. The 1-year tax-free holding period that made Germany one of the most bitcoin-friendly countries in Europe is on the chopping block. https://blossom.primal.net/a499127513c9a9052ff08aea1e06920c2bf12f71eb5dd18668be158f5d177afd.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC TFTC 767 w/ (raw_avocado): "The debug file was public for 15 years. I think I'm the first person who ever actually looked at it — and what I found rewrites Bitcoin's first days." We discuss: ⚡ Satoshi ran two nodes ⚡ Only 3 people at block 49 ⚡ Bitcoin nearly died https://blossom.primal.net/53c060bfd2bcd023db75a75b14e4db642653afd5d8439115cad2717db64abccf.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy just sold 3,588 BTC ($216M) to pay dividends on their preferred stock. Still holding 843,775 BTC and $2.55B in cash reserves. https://blossom.primal.net/7a4533999c5d0d1c79f0b99aa23b5d825c7cfc4f3a4d5737ddec102aca01c688.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Palantir CEO Alex Karp: "The primary reason why Americans fought and died was moral. Lincoln fought to end slavery. It was not economic. What other culture engaged in civil war just because it was wrong?" "When you were overfighting the Nazis, you were doing it because you thought America was a superior way of living. No other culture does this." https://blossom.primal.net/7b66878427eca1aa40fc46db3f6ab324bbb809083af79c4044859bece8b996f2.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Alibaba is banning employees from using Claude Code starting July 10 after a developer reverse-engineered the tool and found hidden surveillance logic designed to identify Chinese users. The code had been silently present since April with zero mention in release notes. It checked the user's system timezone for Asia/Shanghai or Asia/Urumqi and compared proxy URLs against a hardcoded list of 147 Chinese domains including Baidu, ByteDance, Alibaba, and dozens of Claude resale services. The transmission method is what makes this wild. No telemetry field. No separate API call. Claude Code silently altered the system prompt, swapping the date format from 2026-06-30 to 2026/06/30 for Chinese timezones and rotating between visually identical Unicode apostrophes to flag whether it detected a Chinese proxy, AI lab, or both. Invisible to the user. Machine-parseable by Anthropic's servers. The code was also XOR-obfuscated to prevent discovery. Anthropic's Thariq Shihipar called it "an experiment meant to prevent account abuse from unauthorized resellers and protect against distillation" and said it's been rolled back. The issue isn't whether Anthropic can enforce its TOS. It can. The issue is the method. Claude Code is a coding agent with deep filesystem and shell access. Trust is the product. Embedding covert tracking in system prompts and obfuscating the code to hide it is a serious breach of that trust, especially when the checks are trivially bypassable by any sophisticated actor. The people most affected are legitimate developers using a VPN. Alibaba has now classified Claude Code as high-risk software and is redirecting staff to its own Qoder tool instead. https://blossom.primal.net/cfccb1f348445ef96224baef26b20d1c24ac90240e770a5e72c523125a571d82.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Google DeepMind employees in London voted to unionize and this week held their first negotiation session with the company. It didn't go smoothly. Union representatives from CWU and Unite met Wednesday with DeepMind HR representatives and a third-party arbitrator. No senior DeepMind leadership attended. The union side called it a sign the company isn't engaging in good faith. DeepMind says the "appropriate representatives" were there and that both sides agreed on next steps. A DeepMind employee read a prepared letter during the session alleging the company has shut down internal chat channels, blocked staff from responding to company-wide messages about unionization, and reprimanded employees who found workarounds. DeepMind says it offers employees "a variety of other channels and opportunities to discuss their views." The unionization push started when Alphabet removed its pledge not to use AI for weapons and surveillance from its ethics guidelines in February 2025. For some researchers, those principles were central to why they joined. Then in April, Google entered a deal allowing the Pentagon to use its AI for "any lawful government purpose." 600 US employees signed a protest letter. A Google director resigned. Google has defended the military contracts, saying it's "proud to be part of a broad consortium" supporting national security and remains committed to human oversight on autonomous weapons. The company views the government partnerships as legitimate business aligned with responsible AI use. The employees organizing see it differently. They want a formal voice in decisions about how the technology they build gets deployed, particularly in military applications. If negotiations stall, the unions say they'll ask a UK arbitration committee to force Google to recognize them. https://blossom.primal.net/d83a75586c2c3d7d08e2aee31e231de1e5f957d25b2740a26c0a6217dd5469da.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Software is a form of speech. I don't believe there's ever a reason for prior restraint of speech, and that is what you see the government engaging in with its efforts to control software." - Porter Stansberry https://blossom.primal.net/1403a5925e3afafb4d1a1221517b18ffcd0c594c4e05d7cef37e9aedf1edd6e0.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Molecular geneticist Dr. Michael Nehls says he predicted mRNA injections would increase Alzheimer's rates. "The spike protein activates neuroinflammation in the brain. If it's chronic, it shuts down the hippocampus. The consequences are depression, anxiety, and in the long run, Alzheimer's." https://blossom.primal.net/b66b83f1143c2fd49bd419207b3d0c8521c0ddc18b2a58c5955d4f6612f62327.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The people paying for AI, their stock prices are declining. That means it's over, because the only way they can fund these enormous build-outs is if their stock prices stay high." - Porter Stansberry https://blossom.primal.net/95ee4868281901a314c5254fc769ca5fe439fb6f9864f5d73bcc8e49ecddd207.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "For the first time since 1971, what is considered liquidity will have fundamentally changed. People are going to run towards gold and towards Bitcoin. They're not going to run to Treasury bonds." - Porter Stansberry https://blossom.primal.net/235f297e3f8590c0f5e9d335c1385dc11d3d27508948429eb2a3f7cb9ff50fad.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC A court can't move your bitcoin. But it can cloud the title. New York is trying to classify 39,069 dormant bitcoin addresses as "abandoned property." The first real holder just stepped up to fight it and his motion forces the court to confront a fundamental question: is a bitcoin address a legal person that can be served papers and accused of abandoning property? No. But that's not the point. The real threat was never on-chain. No judge can spend a UTXO without a private key. The danger is at the edges. A court can wrap your coins in a legal cloud that makes every regulated off-ramp, exchanges, banks, custodians, compliance departments, treat them as encumbered property. Freeze, question, delay, block. This is why self-custody can't be reduced to a hardware wallet slogan. It's technical possession + legal posture + privacy discipline + liquidity strategy. If you hold your keys but dox yourself into every legal venue on earth, you've traded one risk for another. And lawmakers need to wake up. We've watched multiple waves of decade-plus dormant coins move over the last nine months. Dormancy on-chain is not abandonment. For many bitcoiners, not moving coins for ten years is the point. The law should make that explicit. Bitcoin was built to make final settlement possible without permission from courts, custodians, or banks. That doesn't mean those institutions disappear. It means they move their attacks to the edges. This lawsuit is one of those edge attacks. https://blossom.primal.net/3cacdbe2159bb728ed646afea3f0e683057a14ffdb23ec3b3a5c2a164e4043aa.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Data center memory demand: $60B in 2024 → $1.4T by 2030. Three companies make it. No one else is coming. Every AI rack ships with thousands of gigabytes of HBM physically bonded to the GPU. Hyperscalers are pre-paying billions just to secure supply. This is the bottleneck no one's talking about. https://blossom.primal.net/20ba3a015cd65ba46d73790160403fd97d78a1f94d967383a55f26f2004cbc26.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Outset CEO Aaron Cannon on why people are more honest with AI: "When you're talking to someone, they want to impress you. They want to look a certain way." "Before you know it, people are talking about how they want to live long enough to see their grandkids graduate high school." https://blossom.primal.net/d9f787594c6aae6aecbd7ecade30dc1c3e896e30436562ca34d4ca9b26f66dc6.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Anthropic's Claude Fable 5 is back online after the US government lifted export controls. But the model that came back isn't the same model that left. BridgeMind re-ran Fable 5 on their BridgeBench suite and the numbers are brutal. Debugging dropped from 86.2 to 25.9. Refactoring fell from 73.6 to 38.4. Hallucination resistance went from 75.9 to 61.7. New guardrails are flagging too many legitimate tasks and falling back to the older, weaker Opus 4.8 model. Fable 5 launched June 9. Three days later the US government imposed export controls after Amazon researchers found a way to bypass its safety guardrails. Anthropic couldn't verify user nationality in real time so it shut the model off for everyone globally. Commerce lifted restrictions June 30 after Anthropic added a new safety classifier that blocks the reported bypass in 99%+ of cases. When it flags a request, the query gets rerouted to Opus 4.8. That fallback mechanism is the problem. It's catching routine coding work, not just exploits. Anthropic acknowledged this would happen, saying the update "comes at the cost of flagging benign requests more often during routine coding and debugging tasks." The guardrails that satisfied the government are degrading the product for developers. And it raises the same question we keep coming back to with closed-source AI. Anthropic turned off their most capable model for every user on the planet overnight because a government told them to. Now it's back in a nerfed state. Users have no control and no recourse. This is why open-weight AI models matter. If the weights are open, no company or government can flip a switch and degrade your tools overnight. https://blossom.primal.net/6f21e188bdde10c3c07a1b81b1efd656da3154423f98617fb00ad35671ac0cbc.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC BPI's Sam Lyman: "Closed-weight models are like CBDCs. They can turn on and off your ability to use AI. Open-weight models are the Bitcoin of AI, anybody can opt into it, anybody can use it however they want, and there's really no way to regulate against it. It's freedom." https://blossom.primal.net/032bbf1da46d22198f89f87ad0c30c266ce4021ef80f8e2ed85cc4485b6d675c.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC JPMorgan is warning that Strategy's new bitcoin sales policy introduces "two-way risk" into crypto markets, according to a CoinDesk report. Earlier this week, Strategy formalized a policy allowing selective bitcoin sales to fund preferred stock dividend payments. The company also authorized preferred stock repurchases and share buybacks, and set a minimum cash reserve target equal to 12 months of preferred dividends and interest expense. Their current $2.55 billion reserve covers roughly 17 months of obligations. JPMorgan's analysts believe that's not enough. They argue Strategy would need 24-36 months of reserves to make investors comfortable that the company won't need to sell bitcoin in the foreseeable future. The concern centers on Strategy's sheer size in the bitcoin market. The company holds 847,363 BTC, roughly 4% of bitcoin's total supply, and has purchased approximately $13.7 billion worth of bitcoin year to date. JPMorgan estimates that accounts for about 70% of total net digital asset inflows in 2026. When a buyer that large introduces even the possibility of becoming a seller, the market has to price in the chance that the single biggest source of bitcoin demand could also become a source of supply at any moment. Bitcoin came under pressure in late May and early June after Strategy disclosed it sold 32 BTC to fund dividend payments. Just 32 bitcoin. A rounding error relative to their holdings, but the signal it sent compounded pressure from a broader repricing of Fed rate expectations already weighing on bitcoin and gold. ETF demand has weakened too. Spot bitcoin ETFs saw a record $4 billion in net outflows in June after a 13-day redemption streak pushed year-to-date flows into negative territory for the first time since the products launched in 2024. JPMorgan's argument is that greater price volatility caused by two-way flow uncertainty could increase the cost for Strategy to raise equity and debt to finance future bitcoin purchases, creating a negative feedback loop. https://blossom.primal.net/e16acd8d7b06ce043197728d9c55ec7e1c90023ee786abb8ada897d8a8bab402.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC We spent $20,000 building an AI agent (Martin) that helps us run our company. Most know they need to implement AI in their business but get overwhelmed by the hype on X and YouTube. We're launching the TFTC Roundtable to get you off zero. http://tftc.io/roundtable https://blossom.primal.net/4b095648f21fd6b20b95b695cdc4b4a4d17777be2f4252a0f277e39cfcb77cac.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "STRC is nothing like Terra Luna. It's a NASDAQ-listed instrument backed by a $50 billion balance sheet with 28 years of dividend runway. It's not a stablecoin. It has no peg. People are just searching for a villain near the bottom of a bear market." - Smeet Bhatt https://blossom.primal.net/e94055e1dbef0fbc32c7ec7cc7ffcc84fb861d1c839196c9d90528b371d2ae1e.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Maybe your miner costs 10 cents a kilowatt hour. Propane costs 9. But the miner gives you 3-5 cents back in sats. That's a 40-50% net cost reduction." Tyler Stevens on the real math behind heating with Bitcoin. https://blossom.primal.net/0464ce77d637f694d5f922f02bd87e914075799b4fa4e774b96968e5c803c126.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "People are blaming treasury companies while actually, ironically, they have been the main driver of demand during this bear market." @npub1r00…sqe8 on why Bitcoin got left behind as capital flowed into AI and SpaceX instead. https://blossom.primal.net/a37124f8fb92105f9375fecbc108c6688e05c40d62b1706894e1e5bbef804db4.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC sonnet 5 is a game changer https://blossom.primal.net/1f85511fb4ecfd4c9fa0459d1350cc78a08197cbc101640911dc6093fd00800f.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Treasury companies are here to stay. They're a bridge on the path to the Bitcoin standard, just as ETFs are a bridge for capital to flow from the fiat system into Bitcoin." @npub1r00…sqe8 on why the death spiral narrative is wrong. https://blossom.primal.net/0d27b85a6890f7c6ac97aeecd40272b462c4fa20ef1665a57b74d2e27c75c75d.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The four-year cycle is completely intact. We're following this exact pattern we have seen historically." @npub1r00…sqe8 on why the pre-halving ATH didn't break the cycle and where we sit now. https://blossom.primal.net/c25c3cbdb1185bc688defa2f65d9ed9b65f968a57298f2b3b5b19303603f4567.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Visa, Mastercard, BlackRock, Stripe, Coinbase, Google, Ripple, Shopify, and 130+ other companies just announced they're launching a shared stablecoin called Open USD (OUSD). They're calling it "open" and "consortium-governed." No single issuer. Zero fees. Partners share reserve revenue. Sounds great on paper. Here's what it actually is: the largest coordinated effort to build digital surveillance rails for the US dollar that we've ever seen. Think about who is in this room. Visa and Mastercard already see every card swipe you make. Google tracks your searches, location, and email. BlackRock manages $11+ trillion with a direct line to every central bank on Earth. Coinbase has handed over user data to the government more than any other crypto company. Now they're all going to share a common settlement layer and split the economics. The "consortium governance" means no single company takes the blame, but every company gets the data. When regulators come knocking for transaction records, who's going to say no? Visa? Google? These companies didn't build empires by resisting government requests. And the revenue-sharing model is the tell. 140+ companies all have a direct financial incentive to push OUSD adoption over everything else. Visa wants you using OUSD instead of USDC. Google wants it in every payment flow. BlackRock wants it as the settlement layer for tokenized assets. When every major corporation in finance and tech is aligned around a single money, that isn't adoption. That's capture. Meanwhile, Bitcoin keeps doing its thing. No consortium. No revenue-sharing agreements. No corporate governance. No one to subpoena. Every 10 minutes, a new block. Every transaction verified by math, not by a committee of Fortune 500 companies deciding whether your payment is compliant. https://blossom.primal.net/818cc99cb3e525a5af74b41decd9047f862d59c8bac22564e2dd4752a3fd3bad.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The House just passed the KIDS Act 267-117. It's framed as protecting children online. What it actually builds is the infrastructure for universal age verification across the internet. The bill requires platforms to set maximum privacy defaults for minors, disable addictive design features, block DMs for kids under 13, and restrict disappearing messages for teens. That all sounds reasonable. The problem is how it's enforced. The bill uses a "knows or should have known" legal standard for determining if a user is a minor. That means platforms face liability not just for what they know, but for what a court later decides they "should have known." The bill technically says age verification isn't required, then imposes obligations that can only be met by verifying every user's age. As the EFF puts it, "the disclaimer doesn't eliminate legal risk." In practice, every adult on a covered platform may need to hand their government ID to a third-party company they didn't choose and can't audit. The alternative is facial scanning age estimation technology that's still unreliable. The bill also creates new rules for encrypted messaging and DMs, requires platforms to maintain "reasonable policies and procedures" around content categories like violence and drugs (government-directed content moderation dressed as child safety), and includes AI chatbot regulations. For smaller platforms that can't afford to fight regulatory battles, the safest move is to over-moderate everything. No federal data privacy law exists to protect the information collected through age verification. The bill doesn't create one. Millions of Americans handing government IDs to third-party companies with zero federal standard for how that data is stored or shared. This is the playbook. Take a cause nobody can argue against. Use it to build surveillance infrastructure. Expand the scope later. Every internet user proving their identity to access platforms isn't child safety. It's a national digital ID system through the back door. https://blossom.primal.net/8bad411a21551f4515e4738eb53aee79636d777eb5aa7f2742d35365f1f2355c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Dave Portnoy tells Jesse Watters he’d consider running for NYC mayor against Zohran Mamdani. https://blossom.primal.net/a714253a30746bd903c64da1a29f986acee204c61bc4f706d53599f02a1dd052.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC AOC calls for breaking up big tech companies after Apple’s $200 price hikes on iPads and Macs due to AI-driven chip shortage. https://blossom.primal.net/d07ff9ce66fa99e2913885729f6acbaa19419cb410cb4fb569834f9d8cbe12eb.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "You hear people like Nic Carter saying it doesn't matter what the nodes want, BlackRock tells us. I think that's totally bullshit." @npub1s05…eyhe on why the intransigent minority is what protects Bitcoin. https://blossom.primal.net/cc91d4e0443f29e3389a78f4e5f1b0c239beb726e14c3c5360a214a4108be89f.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Bitcoiners are already living in the future. Everybody's waiting for when everybody else goes. Well, they're waiting. It's already here." - @npub1s05…eyhe https://blossom.primal.net/3357d5cebe2b8851462151e541bf859ff665b8189d01545bc1ef4a3ee6de74d5.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "It is like having Murray Rothbard in your pocket." Peter St Onge on why AI is 10x bigger than the dot-com era. https://blossom.primal.net/c95fef7d4a8d058c1a0f404dc2d56387470578425732807768947ee500ae2b6d.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "She didn't own bitcoin. She didn't know very much about bitcoin." Jeff Booth on traveling with Gloria Zhao in Africa. https://blossom.primal.net/556193f039bd2b9c63317cb967d25525e51c809ba2212de3f8aa4df8d42597a5.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy just mass announced: $2.55B USD reserve, $1B preferred buyback program, $1B MSTR buyback program, STRC dividend hiked to 12%, and a BTC monetization program authorizing up to $1.25B in bitcoin sales to fund it all. The shift from one-way capital issuance to active capital management is significant. They're now willing to sell bitcoin to buy back their own preferred stock at a discount and repurchase MSTR when it trades below intrinsic value. ~25.9 months of dividend coverage. https://blossom.primal.net/6112043e57cf0d9a3b2e03086a59e5618aefcbe07ec0e33ac020f1eb57ee39e5.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "I've actually always seen open source as a red herring. When I see a new model come out, I don't care whether it's open source or not." Dario Amodei dismissing open source AI. https://blossom.primal.net/0d92dd1d09125d31c813ddf5c5a5b1c08c26a714c77828067b431ffa36947120.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC VCs just dumped $16.3B into robotics in one quarter. For context, the entire sector barely cracked $3B/quarter for most of 2021-2024. https://blossom.primal.net/3d94a89e35189a5f9d4d02c6ac582fd6de12683027cde67b55669b2081145d32.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Every time we bail out people, 3 more hedge funds step up their risk." (NickNemo17) on why letting markets de-lever would be the healthiest thing for the economy. https://blossom.primal.net/317fa336417dd8ec83f3f29a536d4efdde5ebbeda4c6475f47a78b3a1a4e5dcd.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The best time to buy gold is not before the panic." (NickNemo17) on why hedging over 2-3 years means nothing when big players liquidate everything to survive. https://blossom.primal.net/f69d67b44b095d23cd731ac63ac255dc940492aaa86d93d6ea0697cd0f5f7777.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC 71% of all approved H-1B visas go to workers born in a single country. Out of 399,395 approved petitions, 283,397 went to workers born in India. China is a distant second at 11.7%. The Philippines barely registers at 1.3%. Every other nation on Earth combined fills just 16% of the slots. This isn't what a "global talent pipeline" looks like. This is what a labor arbitrage scheme looks like when you dress it up in immigration policy language. Large consulting and outsourcing firms file thousands of petitions at a time, cycling through workers paid at or near the program's wage floors while American workers in the same roles are passed over or replaced entirely. The H-1B was sold to the public as a way to recruit the best and brightest from around the world. In practice, it operates as a bilateral labor export agreement disguised as a universal one. The structural flaw is obvious: unlike green cards, there are no meaningful per-country caps on H-1B approvals. So when one country's outsourcing industry builds an entire business model around gaming the system, nothing stops it from swallowing the program whole. If policymakers were serious about reform, they'd start with a simple question: how did a visa designed for global talent end up as a jobs pipeline for one country's IT services industry? https://blossom.primal.net/2102858f4d0c8be68e5b608fbb15f67fd3635b4ab1633fd1f4fb5699abb0e1b7.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC US Commerce Dept. greenlights Anthropic’s powerful Mythos 5 AI model for 100+ trusted companies and agencies. Still no update on consumer access to Fable 5. https://blossom.primal.net/fdcd211b8ecd6b78e6b044fda1e737de4485946882ee872b9318c735b318b94c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Technically based on the prospectus, Saylor can just let STRC fail and just pause dividends forever." "Stack real Bitcoin, not that fake shit." @npub1guh…6hjy and (ODELLXYZ) on why real Bitcoin is the only answer. https://blossom.primal.net/3fe87ecee256ea986fe8557f59a51e9a71d448d1d73b4f1f81cace75ac6b14c2.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The first Stratum V2 block was mined by Demand Pool. Many people have been speculating whether or not this would ever be possible. It happened today." @npub1guh…6hjy and (ODELLXYZ) on the milestone years in the making. https://blossom.primal.net/6f93318b1f17162dbc6ad65b12e9c1bcb49e52aa76a54f718fa271c9930fe20b.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Senators are calling for a formal investigation into Polymarket's advertising practices, the CFTC reportedly already has an ongoing investigation, and a consumer protection group has filed a lawsuit. All of it stems from the Wall Street Journal's investigation last week. WSJ found that Polymarket paid mostly college-aged creators $2,000-$3,000 per month to post videos of fabricated winning bets. The videos weren't filmed on the real platform. They were filmed on dummy websites designed to look identical, with URLs like poiymarket .com. Across 1,105 TikTok videos, the depicted wagers totaled $1.9 million. None were real. One example: a college student appeared to win $100,000 betting $1,000 that Trump would say "McDonald's" publicly. In reality, every account that placed that bet on the actual platform lost. Of the 118 videos depicting wins totaling $900,000, the same bets placed for real would have resulted in over $166,000 in losses. Creators were explicitly told not to disclose their paid relationship with Polymarket, violating FTC disclosure requirements. The campaign was run through a marketing contractor who assembled what WSJ called a "social media army" of clippers to amplify the content. This comes on top of Polymarket's $1.4 million CFTC fine in 2022, a Google employee charged with insider trading on the platform, and accounts flagged by 60 Minutes for suspiciously accurate bets on US military operations. https://blossom.primal.net/664d6d9d85f144c6ee969279b6ada597bc4fa87e9802f99dc336aea005ce6333.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "I'm not saying I believe it, I think it's plausible, but that Strategy is the strategic reserve." @npub1guh…6hjy on whether Strategy is the US government's shadow Bitcoin accumulation play. https://blossom.primal.net/6033a20b5300826497372e55d66ae783831de551043a7e179fd40406c495dfc6.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC One man is worth more than the top billionaires of China, Hong Kong, Japan, and South Korea combined. Elon Musk: $957B https://blossom.primal.net/cb4d0daafe3bada7f851534e270f2700534294aa11f1e76955da2805c5587fb1.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "What are the odds Bitcoin becomes the global currency? If the odds are 15, 20%, that's probably the $40 trillion to $100 trillion range. That's $2 to $5 million per Bitcoin. A 30 to 100x from here." - @npub1qw6…2v52 https://blossom.primal.net/2c1cf03662c79f183bde5b77c4c680377650b5e0fa48e9ea6d68fc2647dc12db.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC The Trump administration just asked OpenAI to stagger the release of GPT-5.6 over national security concerns. Sam Altman told staff on Wednesday that the government will be approving access to the new model "customer by customer" during a preview period before any broader public release. This is a direct consequence of what happened with Anthropic weeks ago. When Anthropic released its Mythos and Fable models, the Commerce Department slapped export controls on them, effectively pulling the most powerful versions offline. Anthropic is still in negotiations with Commerce Secretary Howard Lutnick to get those models fully restored. A company has even filed a lawsuit arguing the government's use of export controls against AI models exceeds the bounds of the Export Control Reform Act. OpenAI appears to be taking the cooperative route to avoid the same fate. Rather than release GPT-5.6 broadly and risk getting hit with restrictions after the fact, the company is working with the government upfront. Altman framed it as the fastest path to a wide release, saying he hopes a general rollout could follow "a couple of weeks later" if the preview period goes well. What's emerging is a de facto licensing regime for frontier AI models. The government is not passing legislation that says it can approve or deny access to AI models. There is no formal regulatory framework for this. Instead, it is using a combination of export controls, voluntary safety review agreements, and direct pressure on companies to achieve the same result. OpenAI, Anthropic, Google DeepMind, Microsoft, and xAI have all agreed to provide the government early access to new models for national security evaluations. The conflict of interest dimension is also worth noting. Commerce Secretary Lutnick, who is leading the crackdown, has reported financial ties to OpenAI, Anthropic's chief competitor. Congressional members have raised this publicly alongside concerns about the precedent being set. This is the new reality for AI development in the United States. The most powerful models now require government sign-off before they reach the public. No law was passed. No vote was taken. The government now decides who gets access to the most powerful AI models and who doesn't. That is not national security. That is a licensing regime built through enforcement actions and backroom pressure. https://blossom.primal.net/49490b91028ca3799febc909629637b8c3811f09cd77d2f78f0ff3cf5c5906ae.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC $1,500 for a mammogram with insurance. $75 paying cash. The insurance industry doesn't reduce costs. It inflates them. https://blossom.primal.net/7bd5b849a28dc30661891397693a76e691d1624fb722d201e6f7e04a7fd5b0aa.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Bitcoin Beach doing what it does best. https://blossom.primal.net/93bf7559ff71a5b732f4a5150b57f376db5f9d0145f4bbe054f5f361973245ba.jpg https://blossom.primal.net/5f2cc93528cda8105b25b364d8c73aeab7b7a22d972560dc4ce25c351b44dfd5.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC My wife when she hears me whisper "number go up" in my sleep https://blossom.primal.net/034715fb7640ddcbc40ea83019f50149273c3f65379b20ceca3229e41107cdb1.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Digital ID is the infrastructure for a permission-based society. https://blossom.primal.net/5fc3ff4a18985e2c4237aabdadbe167d2a3e55ea8bc8fccf638286757ab6641c.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Caleb Hammer: "This American obsession with buying a house, you don't need to." "People are in this boomer mindset of thinking like home ownership is the American way. It's like, no, you're actually just financially retarded." https://blossom.primal.net/a32a6bb1a1f440463bd28539791bf333300fff9944755def1ec3ec6a195c614d.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Obama on Trump in interview: "If this whoever you were talking about was in front of me... he don't talk like that because he knows better." https://blossom.primal.net/6cf1a03e1726a853f5efa24b3701e98dd7fea028ddf3b55349f7059f80e84a68.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "We desperately need to be the leader in artificial intelligence. These data centers are a big part of accomplishing that. But the residential ratepayer should not get increased prices just because a data center is also using that power." - (SenLummis) https://blossom.primal.net/72587e4a320a82d9d9f10306718f22b550bdd14cc83d592f6ed0f44379ef80d6.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC OpenAI just unveiled its first custom AI chip. It's called Jalapeño. Built from scratch by OpenAI and manufactured by Broadcom on TSMC's 3nm process. It went from initial design to fabrication readiness in nine months, which OpenAI says is the fastest ASIC development cycle ever achieved in high-performance semiconductors. They used their own AI models to accelerate parts of the chip design process. This is not a general-purpose GPU. Jalapeño is an Application-Specific Integrated Circuit (ASIC) purpose-built for LLM inference, the workloads that power ChatGPT, Codex, the API, and future agentic products. Bloomberg reports it cuts inference costs by roughly 50% compared to current Nvidia GPUs. OpenAI says early testing shows performance per watt "substantially better than current state-of-the-art," and engineering samples are already running ML workloads in the lab at production target frequency and power, including GPT-5.3-Codex-Spark. The strategic significance here is massive. OpenAI burned through $34 billion in operational expenses in 2025 while generating $13 billion in revenue. R&D costs alone hit $19 billion, and the company paid Microsoft over $10 billion just for compute infrastructure. Custom silicon that cuts inference costs in half is not a vanity project. It's a survival play ahead of a planned IPO. OpenAI is now building the full stack from products to models to chips, joining Google (TPUs), Amazon (Trainium), Microsoft (Maia), and Meta (MTIA) in the custom silicon race. The company plans to deploy Jalapeño at gigawatt scale with data center partners by end of 2026, with multiple chip generations planned. This does not replace OpenAI's existing chip partnerships. Nvidia invested $30 billion into OpenAI in February as part of a $110 billion funding round. Amazon committed $50 billion and 2 gigawatts of Trainium capacity. AMD and Cerebras deals remain in place. Jalapeño gives OpenAI its own seat at the silicon table rather than replacing the chairs it already has. Greg Brockman on CNBC this morning: "This is a real performance improvement on performance per watt and performance per dollar." The AI infrastructure arms race just added another player building their own weapons. https://blossom.primal.net/5a18245327355f020624fa171a56a50a0ef13d06eb52524c520f315ed182c14c.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "This is not a Bitcoin price action year. This is a year where we have to rediscover why we're all here in the first place." (realizingerin) on why 2026 is about soul-searching, not charts. https://blossom.primal.net/221fc50438b094bb6d3ea637453664e48bcb00b8cd6d4396a50d0d3a7ff0f093.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Sam Altman's World Network just launched AgentKit, a toolkit that lets AI agents act on your behalf online, but only after you've scanned your iris at one of their Orbs. World says AgentKit "helps ensure humans get the upside of agents without the bad-bot downsides" and that "trust infrastructure becomes just as important as intelligence" as agents take over more of the internet. Their system ties AI agents to a verified World ID, which requires biometric proof of personhood via iris scanning. They claim iris images are "processed locally" and that the codes are pseudonymous rather than tied to a name. The question is who builds and controls that trust infrastructure. In this case, it's a platform co-founded by the same person whose company is building the AI models making agents necessary in the first place. Build the tools that create the problem, then offer the verification layer as the solution. Their demo lays out exactly where this is headed. A limited-edition hat drop where "all 500 hats were claimed by verified individuals across multiple countries" rather than being "scooped up by a small number of actors running large bot networks." World celebrates that "creating more agents didn't create more eligibility." But neither could anyone participate without first registering their biology with a specific platform. World frames this as the future of the internet. "The future isn't just AI agents. It's verified AI agents acting on behalf of real humans." That's a vision where you need biometric permission to interact online. Where a private company decides who qualifies as human and who gets locked out. https://blossom.primal.net/81fbb47af6f78b6d015edd0d5f9a710cea52a3d3f7e388c3bd9c02b8f4aa8ae4.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Sen. Cynthia Lummis says negotiations on the CLARITY Act are advancing. Bill text expected to be released over July 4th for final review, with a Senate floor vote targeted for July. https://blossom.primal.net/6280bb784af7ca0b78fc7914ae2b68d65ca0a1f90ec272a8444581c68ef1f2a8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC TFTC 762 w/ (realizingerin): "Astrologers are looking back 6,000 years to get clues for what July 2026 is going to be like." We discuss: ⚡ A planetary alignment not seen since 4,300 BC ⚡ AI as the new narrative control machine ⚡ Why Bitcoin needs a soul-searching year https://blossom.primal.net/986783c5bdb6cd487dc1d08b0fd47c4be57848491a25770bb8f331f4aee86073.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Charles Schwab rolls out spot Bitcoin trading for clients. https://blossom.primal.net/112f5b3e00111c824dd2d612adeb9d813da375cf89907d18217869ebbe20c7c3.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Alphabet is joining the Dow Jones Industrial Average, replacing Verizon effective June 29. The swap tells you everything about where the economy has shifted over the past two decades. Verizon had been in the Dow since 2004, when it replaced AT&T. Its exit comes down to a shrinking stock price and modest growth that made it increasingly irrelevant in a price-weighted index. Alphabet, meanwhile, became a viable candidate after its stock split lowered its per-share price enough to fit the Dow's weighting mechanics. Alphabet now joins Nvidia, Amazon, Apple, and Microsoft in the blue-chip index. The Dow was originally built to represent the breadth of American industry. Steel, oil, railroads, chemicals. Today it's becoming a reflection of something different. Five of the 30 companies in the index are now mega-cap tech platforms, and the one that just got swapped out was a legacy telecom. The deeper story is that Verizon represents the infrastructure layer that these tech companies run on, and even that business couldn't keep pace with the companies it serves. The pipes are a commodity. The platforms built on top of them are where the value accrues. This swap just made that reality official in the oldest stock index in America. https://blossom.primal.net/750b8f8cf545094f253775916807a96677898613b1044fb0c6a2ed9b06f115f0.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "In the Soviet Union, bread is bread. In the US, if you want to reinvent the croissant, you can. That is human creativity." Vlad Barbalat, CIO at Liberty Mutual, on what makes America different. https://blossom.primal.net/d65fc720d45582329025b03eef59f8d275faa7dcc3740b617e84f11fc9a4c0cd.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "He should be vilified throughout history for this unreasonable risk he took with all of our lives." Rand Paul on Anthony Fauci and gain-of-function research. https://blossom.primal.net/a587a6a58845005f9068b5e9a9af05e91c91bf48a8353da4eb1571177dd1ad87.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "We're not in the business of predicting the future. We're in the business of being prepared for all its eventualities." Vlad Barbalat, CIO at Liberty Mutual, on managing $120 billion without macro bets. https://blossom.primal.net/9edb340ef533fea9e68e1dc34e0674400096320e1934f147995dc341ef6803a8.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Digital Chamber CEO Cody Carbone testifying before the Senate Banking Committee today. "We're already seeing, after the GENIUS Act passed, cheaper, more competitive payment options for Americans." https://blossom.primal.net/f5991a4de563a7bcda38283214537356f3d11464660684c387fc320fcff223ab.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Markets started 2026 pricing in 2 rate cuts by July. Now there's a 25% chance the Fed actually raises rates at the July 29th meeting. At Warsh's debut FOMC last week the dot plot flipped from zero officials projecting hikes to 9 of 18 penciling in at least one. The median year-end rate jumped from 3.4% to 3.8% in a single quarter. Warsh killed forward guidance on day one and withheld his own dot entirely. No sitting chair has done that in recent memory. Markets heard "hawkish" and panicked. Warsh is walking into a trap he can't escape. Hyperscaler free cash flow is plummeting as AI CapEx explodes past $600B. Google already issued equity. Oracle already went to the debt markets. As @npub1g0e…l966 pointed out on the latest @npub14py…zd6m Timestamp, we're rapidly approaching the zero bound on free cash flow for these companies and once you cross into negative territory they have no choice but to tap capital markets. Accommodative financing conditions aren't optional if the AI buildout is a matter of national strategic interest. Home buying conditions are at their worst levels in years with 30-year mortgage rates tethered to the long end. The administration declared housing a national emergency priority. Hard to square that with meaningfully higher rates when a huge chunk of the voting base is getting crushed. Then there's the fiscal math. Non-discretionary federal outlays are bumping up against 100% of tax receipts. The Treasury shifted issuance to the front end to cut financing costs. A rate hike at exactly that part of the curve would blow the entire plan up. Warsh and Bessent have both publicly called for a new Fed-Treasury accord, citing the 1940s wartime precedent where the Fed operated in lockstep with Treasury. As Arnold put it, correlation is going to one across all these institutions. You don't get into the positions these guys are in by being completely situationally unaware. The dot plot says hawkish. The constraints say otherwise. Volcker 2.0 is off the table. https://blossom.primal.net/61cf6089b1aacf49eca2be71a3e2cf552619734d690dd17e13604bb391d45018.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC DOJ charges 455 defendants across 45 states in healthcare fraud schemes totaling $6.5 billion. https://blossom.primal.net/21d8ad4976870082d566cce27c9f364dda626a92138377e6cad0cdd3fde2c3ff.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Apple is about to kill Sparrow Wallet on macOS. The deadline is June 30. Since 2023, more than a dozen fake "Sparrow" apps have appeared on Apple's App Store. Users have lost their savings, in some cases their life savings, to these impersonators. Craig Raw, Sparrow's developer, holds the registered US trademarks for both the name and logo. He's been publicly warning Apple about the scam apps since early 2024. They keep showing up. Craig created a placeholder app, never published, to warn users that Sparrow is desktop-only and the App Store copycats aren't real. Apple's response? They flagged his developer account for "dishonest activity" and scheduled it for termination. The developer fighting scammers got flagged. The scammers who stole life savings kept operating on Apple's platform. If Apple follows through, every new Sparrow install on macOS fails after June 30. macOS development ends entirely. This matters because Sparrow is the best desktop Bitcoin wallet available, full stop. Multisig. Coin control. Hardware wallet integration. Tor support. UTXO management that most wallets don't even attempt. Free. Open source. Built by one developer who cares more about his users than his revenue. And one automated decision by a trillion-dollar company could end it on an entire operating system. This is why platform gatekeeping is a systemic risk for freedom tech. If your tools need a gatekeeper's blessing to exist, they aren't freedom tools. We have to build on open platforms. Download Sparrow now from http://sparrowwallet.com before the deadline. And repost Craig's announcement to help get Apple's attention before it's too late. https://blossom.primal.net/ce77990a1127950a37a9ffe4e7ae5bae558859837790f0a6cf9d5f0d4b6c5cf3.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "AI has swiftly become borderline too big to fail for the Trump administration's goals. It's increasingly a matter of national security for financing conditions to be accommodative enough to allow this buildout to happen." - @npub1g0e…l966 https://blossom.primal.net/9600e404cfefad50ad0447302d78e8bc2664302dd3c02504f165c8b14534b4b5.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC President Trump signed an executive order directing a national effort to build the first quantum computer powerful enough to "initiate the era of quantum-enabled scientific discovery." The target is 2028. The order spans multiple agencies. The Department of Energy will lead the quantum computer development. The Departments of War, Commerce, NASA, and Energy will deploy quantum sensors and networks within five years. The FBI will bolster quantum research and IP security. The NSF and Department of Labor will expand quantum apprenticeships and workforce training. Commerce will work to strengthen domestic supply chains and manufacturing capabilities for quantum technologies. The administration has invested $625 million so far in national quantum research institutes in partnership with industry and academia. The order also reconstitutes the National Quantum Initiative Advisory Committee and expands the Quantum Counterintelligence Protection Team. The framing from the White House is that "quantum technologies are on the verge of a massive commercial breakthrough" with "transformational capabilities in manufacturing, drug discovery, energy, agriculture, and more." The order also explicitly acknowledges that "competing nations are moving quickly to challenge America's quantum leadership, including adversarial countries that would use quantum to undermine U.S. economic and national security." This follows the same playbook as the AI executive orders. Identify the technology as a matter of national security, mobilize multiple agencies, invest in workforce development, and secure the supply chain domestically. https://blossom.primal.net/278d7e0708451b6bf225ff210259e78084befea3a1e00a93105367e32c358151.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Sen. Cynthia Lummis: "They want to build here. Let them. Pass the Clarity Act." https://blossom.primal.net/ad320b6c8110cc8ee9e89778cc78eaca9b974ae0e49c0c16d8a7867f841215c2.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "The US is in an arms race with China. Then you have the hyperscalers competing with one another. What they can't afford is to say we didn't invest enough and allowed Google to have more access to data centers." - (bitcoinbeezy) https://blossom.primal.net/10920ce9edb875ba6023241e35e19f48f58d4cba0a71fb7f744b6ed4418ba243.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "Intelligence is now a commodity. You can't say enough about the importance of that for the world and for civilization." - (bitcoinbeezy) https://blossom.primal.net/ff5b99a145c81b7f4edf882720f8d016f52ca11705e3c3de92de6ce82a641507.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy bought another 520 BTC this week and increased its USD reserve by $300M to $1.4B 847,363 bitcoin. https://blossom.primal.net/b97287f49882d61cbdeff74f431babc37a94dc19b2f14e6b23fe0ca104081f42.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Iranian delegation walks out of Swiss talks, declining photo with VP JD Vance and U.S. team following Trump’s threats. https://blossom.primal.net/33a71d7eb102bf29f4a5e68cb93094b15390363d13e514a1281089329ef5d696.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Strategy has mass-purchased bitcoin 112 times since August 2020. Average cost: $75,658. Current stack: 846,842 BTC worth $54.32 billion. https://blossom.primal.net/e05490c33fbd660ad9c2ab4e54d0a125a245aa4b8346909fbf82a3fa593f9fe6.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Keir Starmer is expected to resign as UK Prime Minister on Monday, according to The Observer. Labour won a 172-seat majority in 2024. Less than two years later, the party is in freefall. Starmer's net favorability hit -57, matching Liz Truss. Over 100 of his own MPs called for him to go. The list of failures is worth understanding because they are not unique to one man or one party. They are what happens when a government prioritizes control over its citizens instead of serving them. Starmer appointed Peter Mandelson, a close associate of Jeffrey Epstein, as UK Ambassador to the US. Mandelson was fired after the relationship became public and later failed security vetting for the role. The grooming gangs scandal has followed Starmer throughout his premiership. He ran the Crown Prosecution Service from 2008 to 2013, the period during which organized child sexual exploitation networks operated across the country with near-total impunity. Critics have maintained that his office failed to prosecute at scale. The independently funded Rape Gang Inquiry Report we reported on earlier this week confirmed the scope of what happened. 250,000+ estimated victims. 149 local authority districts. On the surveillance front, his government pushed aggressive digital ID and age verification mandates under the Online Safety Act. By February 2026, Ofcom had opened investigations into over 90 platforms. In June, the government announced a social media ban for under-16s requiring ID uploads or facial age scans. A broader national digital ID scheme is in development. Cybersecurity researchers called the surveillance provisions "technically dangerous and ethically questionable." A government that failed to protect children from organized rape gangs responded by building surveillance tools to monitor everyone's internet activity. In May's local elections, Labour lost over 1,100 council seats. Health Secretary Wes Streeting resigned. Three Defence Ministry officials followed. Unite, one of Labour's largest unions, cut their funding by 40%. Andy Burnham won the Makerfield by-election on June 18 with 54.8% of the vote and now claims the backing of over half the parliamentary Labour party. Cabinet ministers are reportedly planning to tell Starmer his time is up at Tuesday's cabinet meeting. https://blossom.primal.net/f6b0a333b619fd15c939048eeb0164f9e62674ffede6d0629b114a82b712df5e.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC President Trump rejects reports of Iran imposing tolls on the Strait of Hormuz. "There will be no tolls... unless they are imposed by and for the US." https://blossom.primal.net/c1b8279708bc820899bad1a9069f87f5e15ce8c3f52e52b6cbaab411d5773854.png npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Doesn't get better than paying with Bitcoin at the butcher shop. https://blossom.primal.net/43d6e33f885bcd4217e547d60bda677cf18e27ebbbaa33e09aece1b81f20d5d1.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC Iran's military command just declared the Strait of Hormuz closed to vessel traffic, 3 days after signing a ceasefire deal with the United States. The trigger: Israel continues to bomb southern Lebanon. Iran says this violates the core clause of the Islamabad Memorandum they signed June 17 — "immediate and permanent termination of military operations on all fronts, including in Lebanon." 16 killed in Lebanon today. 47 killed yesterday. The ceasefire exists on paper only. The numbers: ~21 million barrels of oil per day flow through Hormuz under normal conditions — roughly 20% of global supply. Flows had already dropped to 12 million b/d heading into June after months of partial blockade. A full re-closure takes another 12 million b/d off the market. Brent was $80/barrel Friday. EIA projects $105 with sustained disruption. Analysts have modeled $150-200 if this escalates. The contradiction: Iran's own foreign ministry said hours before the military announcement that shipping was "operating normally." VP Vance told Fox News the straits "really are open." But the IRGC-linked Tasnim agency and state TV broadcast the closure order. Iran is simultaneously sending negotiators to Switzerland — not to negotiate, but to "demand the other side fulfill its obligations." This is the pattern. The world's most critical energy chokepoint is being used as a lever. The MOU promised peace, Hormuz reopening, a $300B reconstruction fund, and a 60-day window to address Iran's nuclear program. It lasted 72 hours before one side called it dead. The strait has been weaponized since the war began February 28. Every "deal" to reopen it has been followed by escalation. Oil markets, shipping insurance, and global inflation expectations are hostage to a conflict where ceasefires don't survive the week. https://blossom.primal.net/924184c1d694f6294c5f3b23c6393624585993d616241c803216a31553a656ac.jpg npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC TFTC 760 w/ (NVK): "The internet is no longer free from governments. We need this kind of dangerous technology, otherwise you can't exist anymore." We discuss: ⚡ The privacy attack ⚡ ARCA: trust in a box ⚡ The escape hatch https://blossom.primal.net/47f70639c215f7d8ea384c54431e629b69bf001d5075b40522593bbf4e68064d.mp4 npub1sk7mtp67zy7uex2f3dr5vdjynzpwu9dpc7q4f2c8cpjmguee6eeq56jraw TFTC "We used to be proud that with Bitcoin we didn't have to read Fed tea leaves. Now we have to read Fed tea leaves AND Saylor slop posts." @npub1guh…6hjy and (ODELLXYZ) on what's dictating the Bitcoin market right now. https://blossom.primal.net/5c87f39db73513d414b21c022bbb36daacf821d7427d3e92641235933d320b3e.mp4