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!

Propaganda Filter for Search Engines. I noticed that I barely use Search Engines nowadays because whatever results are being shown on the first pages are typically coming from some organisations that I don't trust - cnn, bbc, reuters, wikipedia. It's all distorted propaganda, so why even use a Search Engine? But then on my last @BitcoinWalk an idea crystallized in my mind: A Propaganda Filter for all searches based on funding sources. Here's how it would work... We use LLM's to scan the websites of all known media outlets with an objective to find their source of funding. As was recently revealed, many of them are being funded either directly by organisations like USAID or by secondary NGO's who receive their funding from USAID first and then fund the media outlets second. So there will be a list of known funding organisations worldwide forming. There will also be a list of media outlets who received the funding from the known Propaganda pushers. These two lists are the basis for the Propaganda filter for the search engines. Every news outlet that is or was funded by known propaganda pushing organisations (USAID for example) gets categorized as Propaganda Media. Every news outlet which is NOT funded by such organisations gets categorized as an Independent Media. Basically - all the rest of the search results. It's a rudimentary filter and perhaps more thought has to be put into it to polish the idea, but so far it seems like an objective criteria. Whoever pays, drives the narrative. So why not categorize the known propaganda sources in advance and filter out their articles from our Search results by default? Use Cases: 1. Optional Propaganda filter for all searches. The individual can effectively shadow ban the lizard people media outlets in their own individual searches and enjoy original content created by Independent media sources. 2. AI summary of Propaganda narratives VS AI summary of Independent narratives. Perhaps, presented side by side on the screen for a clear comparison. Any trending subject will be easier to understand when you get a clear Propaganda funded narrative separated from the Independent narratives. 3. Identifying research and academic papers tainted with Propaganda funding. Comparison between Propaganda and Independent Research papers, like in point 2. 4. The Independent Media, Creators and Researchers will finally get the proper search ranking and the attention they deserve. 5. Ironically, the lack of Privacy regarding the source of funding or association/affiliation with the known NGO's will finally bite them in the ass, highlighting that all this radical transparency will eventually be used against them. Maybe the tide will start turning once they themselves suffer from the lack of Privacy online. Developers among you, what do you think? Is this doable? In any case, I'm summarizing my ideas inspired by walks in nature with fellow Bitcoiners. If you haven't joined your local Bitcoin Walk yet, what are you waiting for? Start building your web of trust in real life with your local Bitcoiners. Till next time.