The Creature from Jekyll Island — @Btc Andres

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If Bitcoin had adopted post-quantum cryptography too early, it might have sacrificed the potential benefits of more efficient signature schemes. See the comparison of signature sizes: ECDSA/Schnorr vs Lamport and SPHINCS.

The problem with socialism was identified over a century ago. In 1920, Ludwig von Mises explained the core issue: without private property and market prices, economic calculation becomes impossible. No prices → no way to compare costs. No comparison → no rational allocation of resources. Central planners don’t lack intelligence. They lack information. And that information only emerges through free exchange in markets. As later expanded by Friedrich Hayek, knowledge in society is dispersed — it cannot be centrally collected or computed. This is why markets work. And why systems based on voluntary exchange outperform systems based on control.

Breaking: BlackRock just froze $1.2 billion in withdrawal requests at its private credit fund. Here's what happened: • Investors in BlackRock's $26B fund asked to pull out 9.3% of their money • BlackRock said no — capped withdrawals at 5% • Blackstone's $82B fund saw record withdrawal requests the same week • Blackstone had to put in $400M of its own cash to cover the exits Two of the biggest funds on the planet are limiting how much you can take out.

Most people think the world is getting darker. But quietly, something extraordinary is happening. • Money that cannot be printed: Bitcoin • Speech that cannot be censored: Nostr • Value exchanged directly between people: ⚡ No permission. No gatekeepers. Just individuals building, learning, and creating. The future won’t be fixed by institutions. It will be built by sovereign individuals. And for the first time in history… they have the tools. 🧡💜

The Treasury is expected to announce measures as early as Thursday to combat rising energy prices, including the use of the oil futures market, according to a senior White House official. I suppose they’ll ask Jane Street to suppress the price of oil like they did with Bitcoin. 🤡🤡🤡