The morning Swedish police raided The Pirate Bay I was in a strategy meeting at Universal Music in Norway. Everyone celebrated because the pirate ship was sinking. "The adults had won" (lol) Three days later the site was back online. Different servers and different jurisdiction. I looked around the office at my colleagues still planning next quarter's CD releases and realized something. I was working for people who thought they'd won a war that hadn't even started yet.

"I don't think it is, mate." That is the default response from most British folks I've gotten whenever I mention that the country is collapsing. The modern UK is an administrative machine designed to manage the decline and they built their entire moral authority on teaching Brits to feel guilty for the greatest empire in history. Stop apologizing.

I’m absolutely blown away by the amount of fully grown people who feel entitled to someone else’s property.

It's Sunday June 12th, 2016 and the world is mourning the victims of the Pulse nightclub shooting. Trump, who recently clinched the Republican Party nomination, posts on Twitter that Obama should leave office over the shooting. You walk to a nearby cafe thinking about the possible implications of Move 37 (played a few months prior) and how neat the SpaceX reusable rockets are. On the way, a mysterious gentleman pulls a newspaper out of his cloak and hands it to you. It's dated June 12th, 2026. Top Headlines: - Elon Musk Becomes World's First Trillionaire as SpaceX IPO's - Department of War Publishes Third Release of Unidentified Anomalous Phenomena Files - Citing Safety Concerns, Trump Administration Places Anthropic's New 10T Parameter AI Models Under Export Control Huh? Still holding the newspaper, you look up... but the mysterious gentleman has already vanished. You look down... the headlines are also gone. Sipping your coffee, you think to yourself "Wow, these art students sure are are getting stranger and strfr!" Before heading home, you find yourself checking the price of BTC... honestly, $600 per BTC seems pretty high. Maybe it's time to sell??

The Financial Times when financials happens

So easy to get caught up in mixing Bitcoin with geopolitical headlines when they seem to always trigger short term market noise. But if you treat Bitcoin as a hedge against a weekly news cycle then you ultimately miss the actual scale of the asset. What matters is that it settles sovereign wealth outside the control of central banks, regardless of who is in the White House. Best you can do is ignore the daily press briefings and focus on the only trend that matters which is the long-term adoption metrics.

Cool to see Swan launching a service to let investors convert their paper Bitcoin directly into onchain coins. Weird that more companies haven't launched this. IMO this is the logical next step in institutional adoption because the ETF will always be just a temporary onboarding wrapper for traditional capital. Institutional investors are not noobs. They know that holding a paper share in a BlackRock fund is not the same as owning the underlying asset.

Synthetic SpaceX shares on Hyperliquid fell 27% percent while the actual Wall Street roadshow is four times oversubscribed. Do with that information what you will.

Think about how bank after back is entering crypto custody. And think about the years they spent warning retail that holding digital assets was too dangerous for the public. Now they want to charge a custody fee to hold the keys for you. Think about that.

"Fork off and find out" is how consensus actually works. If you think your new code is better you do not lobby a committee. >copy the codebase >launch your own chain >let the market decide the value Every fork that tried this in the past eventually went to zero.

Today is a wonderful day to break the Bitcoin blockchain

Has El Salvador really been buying one BTC every single day for five years now? Yes or no?

I do not care what other coins people buy or trade. If someone perceives value in a shitcoin, whether they are tricked into it or not, it is none of my business. Private money competition is healthy, and it ultimately makes Bitcoin stronger. Opting out of the central bank monopoly means supporting freedom of transaction. Let the market sort out the winners.

Russia imposing fees and limits on USDT is the logical next step in currency warfare. They call them "pro-Western" because they finally realized that centralized stablecoins are assets controlled by remote controls. US regulators can freeze or blacklist them in one click. No sovereign state can run their trade balance on assets that require permission from a compliance officer in New York. They are forced to look at gold or Bitcoin for physical settlement. Hold the actual keys or you hold nothing.

Bitcoin transfers capital from the over-educated paper hands back to the sovereign stackers. Every single time.

SBF begging Trump for a presidential pardon is peak theater. This guy spent over a hundred million dollars of stolen depositor funds financing the political establishment. Thinking he was buying permanent immunity. Now he has to beg their chief political rival for a way out. No honor among the cartel.

Strategy sold 32 BTC last week -> the internet went nuts. Strategy buys 1,550 BTC this week -> MSTR up 6%. The outrage cycle has goldfish memory.

I don't think you understand. Buried in the balance sheet of SpaceX lies 18,712 BTC. Nearly a billion dollars in unrealized gains sitting there while everyone was arguing about Saylor selling 32 coins. This is going to be the largest IPO in history. Every pension fund, every sovereign wealth allocation, every TradFi index that buys SpaceX shares is now holding indirect BTC exposure whether they filed for it or not. Nobody on the allocation committee is going to read page 47 of the S-1. They are just going to buy the ticker. Trojan horse treasury.