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Bitman
bitman@nostrplebs.com
npub1z204...mxwn
Follow the money.
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Bitman 10 months ago
For decades, one of Israel’s greatest state secrets quietly crossed the desert: a pipeline built in partnership with… Iran. That’s right. The country that now vows to “wipe Israel off the map” was, for years, its main oil supplier.


 Israel faced a critical strategic challenge: how to ensure a steady oil supply in a hostile Middle East? In the mid-1950s, Iran under Shah Mohammad Reza Pahlavi — who didn’t even officially recognize Israel — became its primary supplier, accounting for up to 90% of Israel’s oil imports.


 In 1965, Israeli Foreign Minister Golda Meir made a secret visit to Iran. There, she proposed a bold plan to the Shah: build a pipeline linking the Red Sea to the Mediterranean, bypassing the Suez Canal — and secretly supplying oil to Israel.


 The negotiations included representatives from Mossad and the Iranian state oil company NIOC — a testament to the initiative’s strategic importance. Two years later, everything changed: the closure of the Suez Canal.


 Following the Six-Day War, Egypt shut down the canal, and 75% of Iranian oil exports were left without a route. The Shah saw the pipeline as a perfect opportunity: reduce dependence on Egypt and strengthen his leverage over Western oil companies. It was the final push needed.


 Thus was born Trans-Asiatic Oil Ltd., a 50/50 joint venture between Iran and Israel — registered in Switzerland, of course. Officially, Iran said: “We don’t sell oil to Israel.” In practice? They did — operating pipelines and even having Israeli naval escorts for Iranian tankers.


 The 254-kilometer pipeline between Eilat and Ashkelon was completed in 1969. In its first year, 10 million tons of oil passed through it. Israel kept 3 million; the rest was sold via Israel, with profits split between the secret partners. A true geopolitical masterpiece.


 While Israel secured its energy supply, the Shah’s Iran challenged Western oil giants and filled its coffers — all under the radar. It was a win-win: oil, money, and influence for both sides. Hidden from the rest of the Arab world.


 But everything changed in 1979 with the Islamic Revolution in Iran. Israel nationalized the pipeline, ending the secret alliance. The case ended up in court — and in 2016, an international tribunal ordered Israel to pay Iran over $1 billion for breach of contract.


 Today, even mentioning such an alliance would sound like fiction. But for over a decade, Israel’s greatest enemy was… its biggest ally behind the scenes. The pipeline still exists. But the partnership is now a relic from an era when interests spoke louder than ideology.
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Bitman 11 months ago
The U.S. is evacuating embassies in the Middle East, and oil is up 5% today. For now, it’s just speculation—pointing toward a possible strike on Iran. 👀
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Bitman 11 months ago
Chinese demographics in one image. In 2000, there were 10 workers for every retiree. Today, there are only 5. The same issue will eventually be faced by aging-population countries, such as those in Europe. A decline in consumption that will be countered with monetary debasement and stimulus… image
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Bitman 11 months ago
Bitcoin Wallet Begins Charging ‘Inactivity Fee’ to Users; Amounts Reach Up to $30,000 Users of a Bitcoin wallet are accusing its developers of moving their coins without permission. Numerous reports about the issue can be found on social media. The transfers are reportedly an “inactivity fee” charged by the wallet, which operates on both the native Bitcoin network and the Lightning Network. The fee is outlined in its terms of service. Unlike other well-known wallets, such as Electrum or Ledger, this wallet offers a shared custody solution. As a result, the developers also have access to the funds. As an example, a user shared a screenshot showing that the developers deducted $200 in Bitcoin from their wallet. The invoice cites an “inactivity fee” as the justification. In another post, several similar comments can be found. While some question the motivations behind these transfers, others threaten to sue the company. “All the money in my @Alby was transferred, can you fix this? It was transferred by the official.” “You bastard” “Thief” “All the money in my @Alby was transferred, can you fix this?” “Why did you transfer my money without warning? Please provide the refund method.” “Get ready for a lawsuit, you damn fraudulent company.” Other screenshots show deducted amounts of $42, $117, $1047, and even $30000. In other words, it is not a fixed-value fee. “The Alby wallet redefines the meaning of: ‘Your money is my money.’ My goodness, a new way to steal money!” “The main reason is that, according to @Alby terms of service updated in March 2025: to more efficiently manage accounts inactive for long periods, the platform withdraws the entire remaining balance from accounts that have had no transactions for 12 consecutive months,” wrote the user KuiGas.
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Bitman 11 months ago
Someone is still using the original Bitcoin software and just never upgraded. image
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Bitman 11 months ago
Nearly \$800 million was liquidated yesterday in the futures market. 🔥 Bitcoin accounted for about \$267 million of the total liquidations. A X spat triggered one of the biggest liquidations of 2025. image
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Bitman 11 months ago
Another Bitcoin Treasury Company is born. 🔥 Know Labs, Inc. (\$KNW), a U.S.-based medical materials company, has announced a Bitcoin Treasury Strategy with an initial purchase of 1,000 BTC following its acquisition by Greg Kidd. It’s becoming routine at this point, isn’t it?
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Bitman 11 months ago
The U.S. Treasury has just repurchased $10 billion of its own debt. 🚨 Just to be clear: this is the largest debt buyback operation in history. Probably nothing. Brrr 🖨️ image
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Bitman 11 months ago
Few people really know this, but as of today, there are already 223 entities — including 124 publicly traded companies — that have declared Bitcoin on their balance sheets. 🤯 In just the past month, 19 new companies have joined this group. But how are they custodying these BTCs? Most large companies use institutional custodians. In other words, they delegate the custody of their BTC to third parties, much like they would with a bank vault. But this solution comes with high costs and concentrated risks. After all, whoever holds the key… holds the Bitcoin. And we’re not talking about just a few bitcoins. If we combine private companies and publicly traded ones, we’re talking about more than 1.1 million coins. In total, institutional and corporate adoption of Bitcoin already holds over 3.39 million BTC in circulation. Several custodians are used, such as BitGo (Galaxy Digital, Fidelity Digital Assets, Anchorage Digital, and NYDIG). But Coinbase Custody is currently the largest, having reported $114 billion in assets under custody in 2024. For example, MicroStrategy uses Coinbase.
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Bitman 11 months ago
++ CIRCLE SURGES +186% AT THE OPENING OF ITS IPO. 🔥 Wall Street is starting to realize the power that stablecoins hold, but the most incredible thing is that a large part of the market is still asleep. Just imagine the volume of capital that will flow in through synthetic dollars… image
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Bitman 11 months ago
First they attack and reject it, then they adopt it. JPMorgan will offer loans collateralized with Bitcoin ETFs to its clients. #Bitcoin is the ultimate collateral, and this is just the beginning of this trend. image
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Bitman 11 months ago
An obvious step for any mining, energy, oil, and gas company. 🤯 Converting commodities from the fiat world into a scarce digital commodity in an era of monetary dilution. Bluebird is the first gold mining company to adopt a Bitcoin treasury strategy.
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Bitman 11 months ago
Yesterday, @jack mallers revealed the 5 Bitcoin addresses of TwentyOne Capital, confirming the capital flow we had been observing on Bitfinex. Currently, the company’s Proof of Reserves holds 37.23K BTC (about $3.9 billion). Hey, @Michael Saylor, you’re watching this, right? 👇 image
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Bitman 11 months ago
Today, June 4th, 2025, marks the 21st anniversary of the KILLDOZER — one of the most infamous acts of rebellion and defiance against government authorities. Marvin Heemeyer owned a small muffler shop in his town. The local government approved the construction of a concrete plant directly in front of his business, effectively blocking access and causing severe financial harm. Marvin repeatedly sought solutions through legal means, appealing to the city council to halt construction or allow partial access. Every request was denied. At one point, Marvin even offered to build an alternative access road at his own expense — he had purchased the necessary materials and machinery. Still, the city refused. To make matters worse, the concrete plant disconnected Marvin's shop from the town’s sewage system. Instead of helping, the city fined him for having improper sewage. 🤡 With his business failing and his personal life in ruins, Marvin meticulously planned his revenge. Over the course of 1.5 years, he secretly modified a bulldozer he had originally purchased for the road project. He fortified it with steel armor, installed bulletproof glass, and equipped it with a sophisticated camera system — state-of-the-art for the time. On June 4th, 2004, Marvin locked himself inside the armored bulldozer and began his mission, first demolishing the concrete plant that had devastated his livelihood. Over the next few hours, he drove through town, systematically destroying government buildings and the homes of public officials he held responsible for his plight. The SWAT team was deployed, but their weapons, including rifles and explosives, proved useless against the heavily armored KILLDOZER. Nothing seemed capable of stopping Marvin’s fury against the system — until the machine became trapped in the debris of one of the buildings he was demolishing. Surrounded and with no way out, Marvin took his own life — the only casualty of that day. Today, we remember the day of the KILLDOZER and Marvin Heemeyer — the last great American anti-hero. A simple man who decided to fight back after his life was destroyed by an indifferent government. Among his notes, one quote stood out: “I was always a reasonable person until I had to be unreasonable. Sometimes reasonable men must do unreasonable things.” 🫡
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Bitman 11 months ago
In #Bitcoin terms, almost everything keeps getting cheaper — even the massive U.S. deficit. This year, the estimate is $2.5 trillion. Every dollar of deficit is a dollar taken from private economic activity to fund the machinery of the state. Since 2008, the system’s solution has been negative interest rates (not allowing sustainable assets that yield more than real inflation) — so instead of nationalizing all economic activity, it simply wipes out anyone holding fiat. image
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Bitman 11 months ago
#Bitcoin closed May with the HIGHEST monthly close in history at around ~$104,600. 🔥 When in doubt, zoom out. image
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Bitman 11 months ago
#Bitcoin Bonds being launched in Russia. 🚨 The debt security is being issued by Russia’s largest bank and uses the future price of bitcoin along with the euro/ruble exchange rate to generate returns for investors. So, what now, USA? Are you going to try to catch up? image
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Bitman 11 months ago
@Ross Ulbricht “sending” #bitcoin to himself would be the ultimate demonstration that bitcoin is truly unconfiscatable—a powerful act of defiance against the state. You can take away a man’s freedom, but you can’t erase 12 words from his memory. image
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Bitman 11 months ago
Yesterday, the whale trading leveraged Bitcoin at 40x was LIQUIDATED, resulting in a total loss of almost $15 million. But the most curious part is that he was sitting on $82.5 MILLION in PROFITS and lost all of it. image
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Bitman 11 months ago
We’re living through history! Excited for this “node war.” I need more #Bitcoin.