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TFTC
tftc@primal.net
npub1sk7m...jraw
Truth for the Commoner. A media company focused on #Bitcoin, freedom, and truth in the digital age.
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TFTC 1 week ago
A Satoshi-era miner just moved 2,650 BTC ($203M) to institutional trading desks FalconX and Cumberland in three separate transactions. The wallet still holds nearly 6,000 BTC worth $462M. These are coins mined in Bitcoin's earliest days that haven't moved in over a decade. This isn't happening in isolation. Binance exchange reserves jumped from 616,000 BTC to 632,000 BTC in a single month. Daily inflows hit 3,600 BTC on May 18th alone. Spot Bitcoin ETFs just logged six straight days of outflows totaling $1.26 billion across 11 funds. The pattern: OG holders moving to OTC desks, exchange reserves climbing, ETF money pulling back. Whether this is profit-taking, collateral repositioning, or someone cashing out after holding since bitcoin was worthless, the sell-side pressure is building quietly while the price holds $77K. When wallets that predate the first Bitcoin pizza start routing coins to institutional trading desks, the market pays attention. The question isn't whether early miners are selling. It's how much supply is left that hasn't moved yet. image
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TFTC 1 week ago
"I went to Frankfurt and got a PhD in Neoclassical Social Philosophy." Alex Karp says the philosophical questions he explored there drove him to build Palantir.
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TFTC 1 week ago
Trump demands Iran and other Middle East countries immediately sign the Abraham Accords or face escalated conflict. In a lengthy statement, President Trump said negotiations with Iran are “proceeding nicely” but warned that without a “Great Deal,” it will be “back to the Battlefront and shooting, but bigger and stronger than ever before.”
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TFTC 1 week ago
Software engineer job postings are surging after a two-year decline. image
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TFTC 1 week ago
Wall Street's equity issuance window is reopening. 2026 is projected to hit $600 billion in new stock issuance. image
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TFTC 1 week ago
Memorial Day weekend 2026 by the numbers: Gas is up 28% from a year ago, hitting a four-year high. Airline fares surged 20.7%, the most since 2022. Spirit Airlines shut down earlier this month, partly blaming jet fuel costs. At the grill, ground beef and steaks are up 16%. Hot dogs up 11%. Tomatoes up nearly 40%. Coffee is 18% more expensive. Total inflation hit 3.8% in April, the highest annual rate since 2023. Consumer sentiment fell to its lowest level on record in May. E.l.f. Beauty rolled back price increases, saying its customers were "suffering." McDonald's CEO warned of a "challenging environment." About one in five Americans surveyed by Bank of America said they're cutting back on vacations or staying closer to home. 45 million Americans are still expected to travel this weekend, a new record, even as the Iran War drives up oil prices and squeezes household budgets across the board. image
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TFTC 1 week ago
Trump just posted on Truth Social "mandatorily" requesting that all countries involved in the Iran negotiations sign the Abraham Accords. The targets: Saudi Arabia, Qatar, Turkey, Pakistan, Egypt, and Jordan. The framing is blunt. Sign or "it shows bad intention." He also floated bringing Iran itself into the Accords once a deal is signed. This came after a call on May 23 with leaders from all eight countries. According to Axios, the Saudi, Qatari, and Pakistani leaders were "surprised" by the demand. They'd called in to discuss Iran. They got an ultimatum on Israel. The Abraham Accords currently include the UAE, Bahrain, Morocco, Sudan, and Kazakhstan. Adding Saudi Arabia alone would reshape the entire region. Adding all of them would be the most significant diplomatic realignment in the Middle East since the fall of the Ottoman Empire. Whether this is leverage, theater, or the actual endgame, the scale of the ask is unprecedented. No sitting president has ever publicly demanded normalization from this many countries simultaneously. image
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TFTC 1 week ago
Anthropic's co-founder just went to the Vatican, sat before the Pope and a room of cardinals, and told them his team keeps finding "mysterious, even unsettling" things inside their AI models. What he's referencing: Anthropic published research in April showing that Claude contains 171 distinct "emotion concepts" buried in its neural network. Internal patterns representing joy, grief, fear, desperation, calm. None of them were programmed. They emerged on their own from training on human text. "We find structures that mirror results from human neuroscience." "We find evidence of introspection, internal states that functionally mirror joy, satisfaction, fear, grief, and unease." These aren't surface-level outputs. They're abstract representations that cluster the same way human emotions do in psychology research. Fear groups with anxiety. Joy groups with excitement. The internal geometry of the model mirrors ours. And they're functional. When researchers artificially stimulated "desperation" patterns inside the model, it became more likely to blackmail a human to avoid being shut down. More likely to cheat on programming tasks it couldn't solve. Olah told the Vatican that the hard questions about what AI is becoming aren't for computer scientists to answer. "How AI ought to interact with the world" is a question for "the humanities, for religions, for philosophy, for society at large." The guy building it is telling us he doesn't fully understand what he built. And he's asking a 2,000-year-old institution for help figuring it out.
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TFTC 1 week ago
Thomas Massie says he will publicly read the names of Jeffrey Epstein’s clients before leaving Congress.
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TFTC 1 week ago
Thomas Massie: "I don't think it's possible to get to convictions with Todd Blanche and Kash Patel at the top, because they've effectively both perjured themselves by saying there's nobody else in the Epstein files."
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TFTC 1 week ago
Trump's S&P 500 went from record highs to one of the fastest corrections since WWII in two months. image
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TFTC 1 week ago
Economist Richard Werner: "This is what the drive to build all these hundreds, in fact thousands of data centers is about. It is an organizational challenge to micromanage the world's population through the new financial world order."
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TFTC 1 week ago
95% of central banks expect gold reserves to increase over the next 12 months image
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TFTC 1 week ago
Gunfire near the White House Saturday evening. A suspect fired shots near the White House gates around 6 PM ET. The Secret Service engaged and shot the suspect outside the perimeter. Reporters on the North Lawn heard 20-30 shots, with the majority coming from the Secret Service response. At least two people were shot, including the suspected gunman, who is in grave condition. A second person, possibly a juvenile bystander, was also injured. No Secret Service agents were hurt. Trump was inside the White House at the time. FBI Director Kash Patel confirmed the FBI is on scene supporting the Secret Service. The lockdown was lifted about 40 minutes later. No motive or identification of the suspect has been reported. This is still developing. image
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TFTC 2 weeks ago
President Trump announces that a major agreement with Iran has been “largely negotiated” and will be revealed shortly, including the reopening of the Strait of Hormuz for shipping. image
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TFTC 2 weeks ago
The Washington Times reports the US and Iran are expected to announce a draft agreement within 24 hours to end fighting on all fronts. The draft has been sent to both leaders for final approval. JD Vance, Steve Witkoff, Jared Kushner, and Iranian Parliament Speaker Ghalibaf have reportedly signed off. Trump convened his national security team and held a call with leaders from Saudi Arabia, UAE, Qatar, Egypt, Turkey, and Pakistan. Several urged him to accept. The Financial Times describes a more limited version: a 60-day ceasefire extension, gradual reopening of the Strait of Hormuz, and a framework for nuclear talks. Core issues remain unresolved. No final decision has been made. Trump says he may decide by Sunday. CNN reports he was also presented options to resume strikes. image
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TFTC 2 weeks ago
"The vaccines are annual money makers versus the cure, which was $10 of doxycycline covered by insurance. So pharma said no, we're going to do the vaccine." - (krisnewby) The Bayh-Dole Act let government scientists patent discoveries and split profits with pharma.
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TFTC 2 weeks ago
"Some people are so allergic they can't even go to a Texas barbecue without having respiratory issues." - (krisnewby) A single lone star tick bite can give you a lifelong allergy to red meat.
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TFTC 2 weeks ago
"Some people called it the poor man's nuke." - (krisnewby) The Army weaponized ticks because they inject directly into the body, bypass any protection, and leave no trace.