Pacific Northwest ❤️

The Fed didn't announce its rate decisions until 1994. Before that you had to work it out from what they did in the markets. In 2011 they started doing press conferences, streamed live. Bitcoin was two years old. Now they get clipped and debated over on X before they're even announcing anything. I think this type of authority only works best at a distance. The minute people start arguing with it, ending up in replies, the authoritative position starts wearing down.

The Fed's goal is "inflation at the rate of 2 percent over the longer run." Bitcoin's is 21 million. Now read the Fed's sentence again. 2 percent is specific. "Over the longer run" takes it back. Nobody can tell you how long the longer run is. So the number can be missed for years and the sentence still holds. 21 million comes with no longer run. It's in the code, and anyone can check it on their own node. I think that's a big part of why the number stuck. It's the most specific promise in money.

Never knew I live to see the day the BIS put a meme in its new paper on why money needs central banks.

we only drink mate over here 🧉

The BIP-110 debate radicalized me. None of the bipcoiners arguing for it understood what they were talking about. I had to mute/block a bunch of keyboard warriors talking about a BIP as if babies were dying. What BIP-110 actually proposed, as a temporary one-year soft fork: • new outputs over 34 bytes invalid (OP_RETURN capped at 83) • any data push or witness item over 256 bytes invalid • Tapscripts that execute OP_IF invalid • the Taproot annex and OP_SUCCESS invalid • Taproot trees capped at 128 leaves Clearly this went over most people's head. So other narratives took mindshare in order to get non-technical people behind it. What these narratives conveniently failed to mention was how some of those rules reached far beyond spam. But you only really see it if you read the spec, and it’s written for people who already know what a Tapleaf is (which is nobody) So I built a site that explains every BIP, including 110, in plain English, with the actual rules one click away. Don’t trust. Read the BIPs. bipexplorer.com/bip/110

This taproot visual is crazy. bipexplorer.com

Don’t trust. Read the BIPs. Because nobody does. They’re written by developers, for developers. So I built BIP Explorer: all 213 Bitcoin Improvement Proposals in plain English, plus a map of how each one led to the next. bipexplorer.com

Last 7 days: 78% creating, 22% consuming.

I've been saying the Bitcoin monoculture is dead for a while now. Bitcoin Amsterdam put me on a panel that asks if that's a good thing. With @danheld @coryswan @Matyas44Cook. Thu 5 Nov, 13:00 Day after I get 15 minutes on my own to talk about the Chaos Gap. The printing press took 300 years to settle and we're not even 20 years into this one. Fri 6 Nov, 14:45 Both on the Treasury Stage @bitcoinconfams

Today: 78% creating, 22% consuming. 2-day streak.

Media is talking less about quantum threats. But companies in the crypto industry are starting to talk more about it now. Do with that information what you will.

This is pretty crazy IMO: Tether froze $2.76M of USDT at a payments company back in September 2025. Still frozen btw. The payments company says that was its working capital and they had to lay people off because of that. They also say Tether kept earning interest on the reserves behind those tokens the whole time! Now they're suing. Absolute cinema. Stablecoints = remote control money.