A few thoughts on the recent events. The price dump on KYCed exchanges and on derivatives platforms is an obvious manipulation. The goal is as always, to let panic sellers part with their coins. However, I've seen a few reports, mainly from the US, where people tried to send bank transfers to the exchanges so they can buy this dip, to be essentially debanked. No transfers allowed, fiat money frozen in the bank. So even if the price on KYCed exchanges is as low as we see it, regular people will have a difficulty actually buying bitcoin at these prices. The prices on non KYCed p2p exchanges are higher. I see now on Peach Bitcoin the average sell price is 15% above current spot price. Perhaps non-kyced sats price will normalize with time and we merely see a temporary lack of liquidity in the non-kyced order books. We'll see. But one thing became very clear. Spot price on KYCed exchange doesn't mean you can actually get bitcoin at this price, unless you already have dry powder is stablecoins or fiat sitting on an exchange. Over the last few years many OGs pointed out that it's a miracle that you still can get bitcoin with fiat money. I feel like this window of opportunity in the Western world is closing rapidly. BTC in self custody is way more valuable than the price advertised on KYCed exchanges. Everyone wants your coins - the bankers, the politicians, the mafia, the criminals, the fucking crypto capital of the world industrial complex wants your coins. Don't get shaken out. We see the divergence between Slave Market BTC price and Free Market BTC price in real time. This divergence will only grow with time.

Yesterday we did the final, 50th Bitcoin Walk of 2025 in Madeira. Walk by walk, step by step we keep stacking healthy habits of walking, of being in nature, of forging our human connections, of strengthening the bonds of our cooperation, coordination and friendships. Over these 50 walks we found solutions to our common problems. We beta-tested multiple freedom tech apps finding great solutions for exchanging value on Layer 2's of Bitcoin. We taught each other principles and techniques. We've dived into and understood the importance of Privacy. We've learned entrepreneurship by providing value to each other. We've shared valuable connections, contacts and ideas, enriching each other. We've met hundreds of unique individuals, inspiring them to join our tribes worldwide and to thrive despite the adversities of the burdensome fiat world. We've also learned how insane the fiat world is. How every act of Sovereignty is being met with suspicion, with another regulation and with disregard to human rights and dignity. Yet, every time we encounter a pushback from the fiat system, we adapt faster and faster, creating better solutions on the outskirts of the system - out in the wilderness. It's a game of Whack-a-Mole. And as someone pointed out earlier this year - in the game of Whack-a-Mole the moles ALWAYS WIN. 😉 So here's to the next 50 walks in the year 2026! Let's keep building the society in which we ourselves want to live. Let's get stronger, smarter, better connected, better protected, agile, flexible and cheerful! Let's stack consistency, coherence and collaboration! And let's keep engaging in the revolutionary act of Walking the Talk! 🥂 Thank you to each one of you for joining our Bitcoin Walks this year, for sharing your stories and for bringing your being into the spotlight. I hope to meet you all again in 2026! Tick-Tock, next block. Every Sat we Walk! @BitcoinWalk

I signed a petition yesterday. I never signed petitions before, because I don't believe petitions often achieve their stated goals. But I did it anyway, because I wanted to see the number on the signatory list to go up. I wanted the number of supporters of privacy to go up. So I signed it and the number went up by one. And then I sat there for half an hour watching the number go up every few seconds. And then it dawned on me that petitions like that achieve a different goal. They show support to me and to us. It's me who is seeing the number of supporters of Privacy growing and it gives me comfort. It reminds me that I am not alone in this world. That I'm not the only sane person that thinks Privacy is a norm, not an exception. I'm not the only sane person that sees Keonne and Bill are being unjustly jailed. They didn't break any existing law. There was no discovery of facts before jury. There were no victims presented to the court. There was no court of justice. There was a system established in such a way, that no due process is needed anymore to put someone in jail. Two people will be sitting in a cage, just because someone wanted them in a cage. I think it's wrong. I like that more people are saying out loud - "Hey, it's wrong!". I like this number go up. If you also like seeing this number go up, then you can make it go up by at least one:

Change.org

Have you seen this petition yet?

Stand Up for Freedom: Pardon the Innocent Coders Jailed for Building Privacy Tools!