1835, Monroe Michigan. A lack of small change was so acute that William Wells Brown was able to create paper money from nothing, and the community utilized it. Sufficiently premined for himself of course. Divisibility problem of Specie in action. Bitcoin fixes this. Read: “Bank Notes and Shinplasters: The Rage for Paper Money in the Early Republic” Joshua R. Greenberg

Shitcoins and Shinplasters

Make your sons pull weeds

It’s funny watching people “come to the realization” about our monetary system through discoveries by DOGE. As if bitcoiners haven’t been shouting this from the rooftops for years.

Also, I couldn’t buy bitcoin with my 401k if I wanted to (and I do). For the privilege of serving fees up to my financial overlords, and a promise from the government to not tax me until I take money out from it, I get to purchase all the indexes they made for me. And by doing so underwrite their books of business for 40+ years! I think I’ll take my penalty and buy this dip.

I find it funny that a large portion of the investment class was not able to “buy” bitcoin with their money until the ETF was approved… And they don’t see a problem with that.

“Every monopoly and all exclusive privileges are granted at the expense of the public, which ought to receive a fair equivalent” Satoshi gave us our fair equivalent in a world of exclusive currency manipulation privileges.

“Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by act of Congress” —Andrew Jackson

Where’d the savings go?

Israeli savings time. Can we not just have American flags proudly displayed by US elected officials? This is so purposeful and forced it’s tiring.

Supreme leader of Iran ironically shills for Nostr? Does the accuracy of your utterances preclude your ability to say it?

The bull and his un-humbled sats are quickly departed.

Take your kids outside.

The U.S. debt clock should include the bitcoin reserve next to the precious metals ticker so we can watch the inevitable flippening.

Having had the time to read the full EO. This is an undeniable win for Bitcoin. With a correct delineation between Bitcoin and shitcoins validated now by the federal government. Now, how to protect this from the pendulum swing of partisan politics?

Congrats everyone. Bitcoin procurement is now the only item on the federal government’s radar that has to be budget neutral. But everything else? Budget be damned!

Heyo View quoted note →

Here is the full SB 21 (Texas Strategic Bitcoin Reserve) that passed the State Senate today. https://legiscan.com/TX/text/SB21/id/3152029/Texas-2025-SB21-Comm_Sub.html Of note are the explicit carve outs that allow for shitcoinery, including proceeds from any distributions “Pursuant to an airdrop to the state’s cryptocurrency addresses.” Paving the way for state sponsored shitcoins. From the bill: “2) bitcoin and other cryptocurrencies can serve as a hedge against inflation and economic volatility; and (3) subject to Section 403.704, bitcoin and other cryptocurrency purchased using money in or received by the reserve, including any cryptocurrency: (A) derived from the fork of a distributed ledger; or (B) distributed pursuant to an airdrop to the state's cryptocurrency addresses;…”

There’s something inherently satisfying about taking your paycheck in bitcoin that makes you more comfortable with the volatility. Which seems backwards. From the outside in you’d think it would make you more price sensitive. It doesn’t.

A windage check heading into the summit: My take, announce no further sales of seized BTC as the start of the reserve, then throw support behind a congressional bill to establish procurement. I don’t believe we will see any U.S. buying unless money is allocated through congress - which may never happen.