Last Notes
@nprofile…kpdn Totally understand, I'm planning on uploading it as an .mp3 to my site, you will be able to listen directly there or RSS it. I'll send the link here once I set it up, just give me a little time this week 🙏🏼
Thank you @Erlend Jacobsen appreciate it, this is by far the most complex video I've ever edited 🙏🏼
🧡 True. I should have said the final manifestation may not be Blake2b. This will probably be an evolving experience; a continuous shedding of layers. No matter what we are going to learn a lot from each step forward.
Jeff Booth and Matthew Kratter sometimes look at Bitcoin from different angles, and I find both of their perspectives to be incredibly enlightening. From different approaches, we are all building the same thing together: Bitcoin as money (with everything that entails).
https://youtu.be/gfskyiDetRY
https://youtu.be/zMGNJ5eT2_U
Yes great question, look on sites where you have local / county-based classified ads listings. This page has really good examples per country. I checked the ones I know and it looks on point: https://www.quentinadt.com/uncategorized/2026/03/22/sites-equivalents-le-bon-coin-dans-le-monde/ The other place I would look is Facebook Marketplace. Hope that helps 🙏🏼
Hey @Johnny, Thanks for your question. My goal is to cover the community's concerns. The idea is mutual v4v: you zap the project(s) you are interested in and fill out the form after to share what you want me to cover and I'll make the video custom to those who zapped (so I'd research and cover the guardian question). I set this up at the beginning of the year and put the goal for end of September. I don't think any of the projects will get funded though unfortunately, but I'm glad I tried a new v4v model to see if it could work.
I don't think the Blake2b hard fork is going to succeed for a number of reasons, but I'll be pointing some has rate at it anyway. This video explores why and what's needed to join. No matter what happens, just like BIP110, we will learn more about what works, what doesn't, and Bitcoin as money ⚡
https://youtu.be/y5Vu8IJ9wFU
Really enjoyed this conversation, I love hearing the parallels between both worlds, everything is connected. Thank you both :)
#nevent1q…ydp4
I like your ideas, for sure an open discussion on how to maintain Bitcoin as money would be helpful, let's see where this goes. Glad you are enjoying the book :)
Interesting read and timing :)
"The strategic decision of Knots vs. Core happens now when the cosmic nodes return into the same signs (Aquarius and Leo) where they were when Bitcoin’s Genesis Block was mined on 3 Jan 2009."
#nevent1q…n2ae
For sure good opening, let's see what comes next, I'm hopeful
The idea behind BIP-110 didn't die. 17,000 nodes told the network they believe Bitcoin is money. Bitcoin being decentralized, secure, "peer-to-peer electronic cash" may not manifest through BIP-110, but the idea will survive through our actions and choices as we continue to evolve
Awesome :) I'm hopeful for what is to come, hopefully a fresh start away from all these attacks given the resillience of Bitcoin and Bitcoiners 🙏
Thanks for sharing Myriel, really interesting take. Curious why you mention the 12th mainly as the activation date, do you think that's when things will be more clear vs today? Also tried zapping but it says you dont have a lightning address setup 🙏
No problem it worked this time ⚡
"The strategic decision of Knots vs. Core happens now when the cosmic nodes return into the same signs (Aquarius and Leo) where they were when Bitcoin’s Genesis Block was mined on 3 Jan 2009." 👀
Totally agree, thought so too, became the startup myself, but from my experience it's still too early, for now. Too much of the world is operating on fiat still, just look at the Bitcoin community right now lol the demands, expectations, and incentives still make fiat gains necessary for survival, but maybe its different in full Bitcoin Standard locations, and things are changing.. The more people/businesses who see things this way, the more it spreads.. I do believe this is the future, and the present in our own realities ;)
Yes: https://primal.net/e/nevent1qqszscy46k59a6wcwmc28xvv67nr9kwfy05dvaf9wz5z65yvxnsw7ggp4zc7n
BIP110 activates on the 8/8 Lion's Gate Portal :D 🙌🏼 🧡 ✨
@nprofile…9nvn what were the chances? ^^
Good point, whats the format, just pasting the string starting from "nevent"? Thanks
What if there was a plan to stop Bitcoin? Just asking, what if? Maybe it would look something like this:
- De-fund independent devs and replace them with compliant ones to make slow, steady changes to the protocol over years time
- Fund businesses and products rebuilding fiat on Bitcoin and discredit FOSS / true Bitcoin-only projects
- Fund and amplify compliant voices willing to promote whatever serves the change: People, narratives, products, etc
- Fund and promote fiat products on top of Bitcoin to centralize as much of it as possible
- Delete, ignore, flag, downzap, block, suppress, and discredit any independent thinkers and their solutions (e.g. Security flags, bug fixes, #BIP110...)
- Then kill the founding culture by telling people not to self-custody, non-monetary data is good for Bitcoin, you and your node don't matter, you need to buy a fiat product for Bitcoin to be money... And maybe even rug those who saw through the propaganda and "did the right things."
Just asking, not pointing fingers; because part of the psyop would certainly also be to divide us all at a time when we would do best to come together on the idea that united us all in the first place: Bitcoin is Money.
"Tinfoil hat conspiracy" or not, what strange timing the Coldcard breach. Many on vacation away from their cold wallets, others already financially strained given the bear market, and right before the #BIP110 activation... If this was planned we can make it backfire because our scrutiny into what is actually going on in the space and our aligned action in consequence is the light that puts out the darkness, and scrutiny is ramping up.
Flip the script: Keep researching what's actually going on in the space. Use some time off this Summer to learn about BIP110 and spin up a node. Let the bear market be a good time to stack. Reinforce your self-custody setup. Hold the line. My thoughts are with anyone who had their funds drained, hopefully justice will be served.
https://primal.net/e/nevent1qqsts9kywr3mdkfpseckldcft497kxs2xkrpztggsjxj35jp2hzg23c09jfrw
https://primal.net/e/nevent1qqsvhkwlgr64jde8e3mr70ynr4tv3ye3dxrlr0js7828cydaweqs3aq94qfu6
https://x.com/COLDCARDwallet/status/1447213375398846473
https://daniella.io/fiat-incentives-everywhere/
https://daniella.io/core-vs-knots/
Was thinking the same thing as well, it's just strange.
I needed a short concise video to help others migrate off #Coldcard, hope it can help you help others as well. Lots of black on my screen because I also needed to migrate this wallet. At 3:35 I share a more personal update. Still convinced that #Bip110 is more important than ever.
https://www.youtube.com/watch?v=a4qOcWYgeGY
In 2026, fiat incentives have made their way into every layer of Bitcoin's human infrastructure. This video covers exactly how: From Strategy's STRC rebuilding a Cantillon Effect on Bitcoin, to funding compliance in Core development, why every company that raised above $50M has drifted from Bitcoin-only, to the sponsorship loop shaping narratives. Based on the original research in my "Fiat Incentives Everywhere" article series on my blog.
https://youtu.be/hL1SZ_Vgbso
Funny, I randomly saw this video this morning and also wondered the same thing. He's close to Jeff's thesis without seeing it yet (mainly blames corporations), but I was wondering why MSM is platforming him so much now vs recent ai hype cycle narratives.
I used Claude to verify claims against the source code but the experience of being censored is mine. The analysis is mine. The suggestions are my own. AI is a tool just like a search engine. My response stands either way: I demonstrated why Stacker News is proof of stake based on personal experience and the code, and because of this I won't be using it anymore. No hard feelings.
The benefit of the doubt was certainly reasonable at one point. Bitcoin needed infrastructure, builders, adoption... It made sense to support anyone building. The good news is it's being corrected in a way; thousands of nodes signalling for BIP-110 is one measure of that.
Thanks @nprofile…tq4d, I appreciate the constructive discussion and the invitation.
You're right that on the homepage ranking, a sat is a sat. I went through the Stacker News source code to verify your claim, and the ranking algorithm (ranktop/ranklit) does use raw sats, not trust-weighted votes. There's even a comment in the zap handlers: "This is mostly a placeholder because we are running a no trust experiment." So on that specific point, you're correct and I want to acknowledge that.
But the economic layer underneath tells a different story:
The reward distribution worker (earn.js) ranks qualifying items by weightedVotes - weightedDownVotes, and those are trust-weighted. Trust is built through a PageRank-style random walk seeded from the SN founder (with territory founders added as additional seeds in their territories). So trust doesn't decide what you see on the homepage, but it decides who gets paid from the rewards pool.
Here's where the system becomes proof of stake rather than proof of work: When users downzap the same content, they build mutual trust in the trust graph. The trust calculation in trust.js explicitly includes both ZAP and DOWN_ZAP actions when computing user-pair agreement. That increased trust gives more weight to their future votes in reward distribution. Downzap sats go 100% to the rewards pool, which gets distributed to zappers of top-ranked content, ranked by those same trust-weighted votes.
So coordinated suppression builds trust, trust increases future influence, and the sats spent suppressing flow back toward users the trust graph already favours. That's a compounding loop. The system does apply dampening (z-score normalization, Wilson score intervals, min-max scaling), but the structural incentive remains.
In Bitcoin, influence comes from proof of work, not proof of stake. You don't accumulate more mining power by having mined before. Each block requires the same energy regardless of who you are. Stacker News could mirror that principle more closely with two changes:
1. Symmetric transparency. Upzaps reveal how many unique users participated. Downzaps reveal only a total sat amount with no user count. Neither direction exposes individual identities. A post sitting at -13,000 downzap sats could be broad community disagreement or a single large account. There's no way to tell. At minimum, adding a downvotes count (matching the existing upvotes count) would close that gap. But I'd go further: If "money is the moderator," the moderators should be identifiable. Make individual zapper and downzapper identities visible for both directions. If you're willing to spend sats to suppress content, put your name on it.
I understand why downzaps exist: Spam control. But Stacker News already has a built-in spam filter that most platforms don't: You have to pay sats to post in the first place. That's already proof of work at the entry level. Downzaps should be visible to demonstrate disagreement.
2. Remove downzaps from the trust graph. Agreeing to build something up (co-zapping good content) is constructive. It makes sense that it builds mutual trust. But agreeing to tear something down shouldn't compound into more influence. If downzaps stopped feeding the trust graph, suppression would still be possible, it just wouldn't generate power. That's the difference between proof of work and proof of stake: In one system, you gain influence by contributing. In the other, you gain influence by accumulating.
You asked what I'd propose as a better system. I think sats-as-signal is a genuinely interesting experiment and I experienced it my first few days on the platform. I think these two changes would make the existing system more aligned with Bitcoin's principles.
I'm happy to discuss with SN team if they want, they can get in touch here: https://daniella.io/contact
Appreciate the support. And, it's no longer on the front page even after choosing the "bitcoin" category or clicking "more" past the date it was posted. It was downzapped -13.9k sats into invisibility despite generating an active technical discussion and being backed by extensive research. My message on your other comment goes into more detail.
I wanted to give Stacker News a try because it's value for value only. I joined just over a week ago. The first few days were good. The visibility is higher than Nostr, the engagement was more immediate, and the sat flow felt like genuine feedback. But I didn't realise the X-like culture underneath until I posted something that challenged the room and my post got suppressed.
I see it now too. I joined just over a week ago. It wasn't obvious at first because some of the initial engagement was constructive. After a few posts it became clear. Lesson learned.
I just learned the hard way that Stacker News heavily leans Core. I also learned that it has a "downzap" system where trusted accounts can spend sats to suppress posts. If enough high-trust stackers downzap, the post gets "outlawed" and hidden from anyone on default settings. There's no public counter and you can't actually see it happening.
Just when you think it cant get worse x) Going to go touch grass.
https://stacker.news/items/1512794
#nevent1q…n947
I know you are an active contributor to Stacker News so thanks. I joined just over a week ago, I genuinely enjoyed the first few days on the platform. The engagement was more immediate than Nostr, the sats flowed in a way that felt like real feedback, and the visibility was noticeably higher. For a few days it felt like the kind of place where honest discussion could happen with real v4v signal.
Two things changed that:
First, the downzapping on my last post about BIP-110. It earned over 5,000 sats, generated 37 comments (many of them substantive technical exchanges), and was still downzapped to -13.9k into complete invisibility. That's not "money as moderator," that's proof of stake. People with larger sat balances or higher trust scores can suppress content they disagree with, regardless of proof-of-work or the engagement it generates. My sats are not "just as powerful as everyone else's" if trusted accounts can downzap a post into invisibility. According to SN's own source code, all sats from downzaps go to the rewards pool, which gets redistributed to top-ranked content. So the sats spent suppressing a post flow back to the users the trust system already favours. That's a closed loop.
Second, the culture. I welcome critical feedback, honest engagement, genuine disagreement. From my experience so far however, comments are from a small group of recurring accounts, and a significant portion of the interaction is trolling. That's X culture. I'm not on traditional social media including X for exactly this reason.
You asked how many zaps I got on my last Nostr post. Fair question to which the answer is much fewer. Nostr has a structural attention concentration problem that I've written about extensively backed by data. Less than 1% of new users are still active after three weeks and select accounts are set up to grow larger during new user onboarding. Many pleb accounts feel like we're shouting into a void, and that's not a feeling, it's measurable: https://daniella.io/nostr-retention-structural-diagnosis/
So yes, Stacker News had better visibility and better sat flow for me in 1 week than the same posts on Nostr which I've built over 2 years. That part worked. What didn't work is that the same sats that reward engagement can also be weaponised to censor it.
I didn't join Stacker News to be censored.
I still think the idea is great and the platform could genuinely support real v4v, but these two problems are a deal breaker for me.
This is why #BIP110 matters more than ever:
BITCOIN IS BECOMING FIAT
There are real financial incentives to flood Bitcoin with non-monetary data including .jpegs, inscriptions, ordinals, and tokens.[1][4][5][6][7]
- At scale, VC capital is paying for Bitcoin to not be Bitcoin. My independent research across 169 companies found that 56% of "Bitcoin-companies" have drifted into non-Bitcoin products, including every single company with a raise above $50M.[2]
- STRC's Cantillon reconstruction on the protocol is another example of this.[3] It's the very "financial engineering" Bitcoin was designed to end.
- Many of the largest Bitcoin influencers, educators, and conference organisers are funded by the same fiat structures they claim to oppose.[8] Sponsorship, affiliate, and ad revenue create a feedback loop where the creator cannot scrutinise the company paying for their reach. At $480,000 for a single sponsorship deal, the financial incentive to stay silent is structural, not personal.[8]
Across the entire industry, from development to marketing, the money is on the side of making Bitcoin not Bitcoin.
BITCOIN IS MONEY
Bitcoin was created to be money: "A peer-to-peer electronic cash system." That is the title of the white paper and the entire point of the protocol.[9]
For 5,000 years, every civilisation that handed control of its money to a central authority followed the same sequence: Debasement, inflation, inequality, collapse, reset.[11] The flaw was centralized trust. Bitcoin is the first technology in history that removes it entirely, enforcing a fixed supply through mathematics and a decentralised network distributing trust.
That is one of Bitcoin's most important contributions and it only works if the network stays decentralised.
THE PROBLEM
When non-monetary data floods the chain, it triggers a sequence that leads to Bitcoin becoming a vehicle to perpetuate fiat.
The more non-monetary data, the faster the blockchain grows, which raises the cost of running a full node, which reduces the number of people who can participate, which weakens decentralisation, which compromises security, which means Bitcoin stops being the tool that ends the 5,000-year fiat extraction cycle.[11]
THE SOLUTION
BIP-110 is a temporary soft fork that restricts non-monetary data at the consensus level. Over 21% of reachable nodes have already migrated to Bitcoin Knots, and now over 13% are also running BIP-110 (aka RDTS).[10]
This combo is a measurable signal that a meaningful portion of the network still treats Bitcoin as money.
DON'T TRUST, VERIFY
The funding relationships are there to find, though sometimes undisclosed.[8] I didn't realise this until recently. Writing the series is what made me see how important "don't trust, verify" is, even for structures I thought were a given.
Before you take anyone's word on their funding models and BIP-110, including mine, check their incentives. One way to do so is to ask an Ai to run an integrity check on any Bitcoin influencer, developer, or company. I hadn't done this work so deeply until recently. What I found changed how I see the entire space.
WHY I'M WRITING THIS
The fiat system specialises in making its own logic feel like common sense: "Of course yield is necessary. Of course running a node is too complicated. Of course the ETF is safer." These are what rational actors do when the incentive structure is built around them.[13] That's the sophistication of what Bitcoin is up against, but the money behind what's being said online is findable.
I thought things were different in Bitcoin, that we were genuinely changing the world, not just talking about it. I've experienced a lot of disillusionment this year and the series covers it. But there is a silver lining.
The protocol is intact. 12,000 nodes are enforcing Bitcoin as money by signalling for BIP-110.[10] Everything is becoming more visible. Thousands of nodes holding the line is the signal that matters.
CONTEXT & SOURCES
I referenced my own work a lot here but each piece contains independent research and refers to the work of others:
[1] Liberati, D. (2026, June 12). Fiat incentives in Bitcoin: A department-by-department map. https://daniella.io/fiat-incentives-everywhere/
[2] Liberati, D. (2026). Why Bitcoin companies drift. https://daniella.io/bitcoin-funding
[3] Liberati, D. (2026, June 12). STRC explained: The Cantillon effect rebuilt on Bitcoin. https://daniella.io/bitcoin-strc
[4] Liberati, D. (2026, June 9). Bitcoin Core vs Bitcoin Knots + BIP 110: Which node should you run? https://daniella.io/core-vs-knots/
[5] hodlonaut. (2026, March 27). The capture: The network. Citadel21. https://www.citadel21.com/the-network
[6] hodlonaut. (2026, April 29). The capture: The lever. Citadel21. https://www.citadel21.com/the-lever
[7] hodlonaut. (2026). The capture: The merge. Citadel21. https://www.citadel21.com/the-merge
[8] Liberati, D. (2026). How money shapes the signal. https://daniella.io/bitcoin-marketing
[9] Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. https://bitcoin.org/bitcoin.pdf
[10] Dashjr, L. (2026, June 22). Bitcoin network statistics. Luke Dashjr. https://luke.dashjr.org/programs/bitcoin/files/charts/services.html
[11] Liberati, D. (2026). The 5,000-year economic karmic cycle that Bitcoin is ending [Video]. YouTube. https://www.youtube.com/watch?v=M9HtTw897BA
[12] Liberati, D. (2026, June 1). Nostr's retention problem: A structural diagnosis. https://daniella.io/nostr-retention-structural-diagnosis/
[13] Liberati, D. (2026, June 14). The comfortable trap: The fiat-to-Bitcoin transition. https://daniella.io/the-comfortable-trap/
Additional reading:
Liberati, D. (2026, May 21). The 5,000-year economic karmic cycle that Bitcoin is ending. https://daniella.io/fiat-money-karmic-cycle/
Liberati, D. (2026, May 7). The prison door is open. https://daniella.io/leaving-fiat/
How much are your favourite Bitcoin #influencers, educators, and speakers being paid, by whom, and what does that do to the Bitcoin content and #podcasts we consume?
- Ads: A single 300K-view video can earn $5,000+ before sponsorships. The incentive is to create content optimised for emotional reactions and clicks.
- #Sponsors: Publicly filed press releases from a single Bitcoin company show a creator sponsorship at $22,000/month in cash and shares, and another exceeding $480,000 over 18 months. At that rate, what creator is going to scrutinise the service paying their salary? The audience never sees what wasn't said.
- Affiliate Deals: Some of the most recommended Bitcoin services pay creators up to $450 per converted lead. 57% of the top channels I audited had at least one undisclosed affiliate link. When that's not disclosed, you hear a personal endorsement, but what you're actually getting is a referral payment disguised as a personal endorsement.
- Conferences: Speaking slots, sponsors, and audience size feed each other in a loop that compounds and amplifies certain voices. I was offered a fully paid trip to a major conference plus a six-figure sum to present. Almost 1.5 Bitcoin. I turned it down because the offer itself was exactly what this series is about, fiat incentives everywhere...
I spent the last few months researching and writing the series, it's been cathartic. I'm glad to see that now this is an active conversation on Nostr. Here's all the data I gathered on the marketing side: https://daniella.io/bitcoin-marketing
https://primal.net/e/nevent1qqs20qkdpedrv5ps4thpt22utj275ncajyez4znn9eu4pk474ha3k5gcgvdj7
https://primal.net/e/nevent1qqspnstmxjc6tfm0pq8hs3evsxsr80wpe5h9rxecyg2dz6ezlr225mccny6vg
Yes, and here is why: https://daniella.io/bitcoin-marketing
#nevent1q…quft
Yes haha 😂 I had actually made this one but decided not to include it since there were multiple articles
https://blossom.primal.net/4e6fd0c17e08574b916940ce44b63adecc0791dd2e7f4bf73f9c795a99377da2.jpg
Strategy pays retail investors 11.5% in depreciating fiat while accumulating Bitcoin with no public proof of reserves and no redemption right. 80% of holders are retail.
It may not be a Ponzi, but the structural argument is that STRC rebuilds a Cantillon Effect on top of Bitcoin. The entity closest to accumulation holds the scarce asset while the participants furthest from it hold claims in the depreciating one. I traced the full capital structure from SEC filings and the prospectus.
Fully sourced analysis:
https://daniella.io/bitcoin-strc
Independent research across 169 companies in the Bitcoin space demonstrated that the larger the #VC raise, the more likely the company drifts into stablecoins, fiat lending, altcoins, or tokenisation.
Above $50M in funding, every Bitcoin-focused company drifted (16/16), whereas bootstrapped ones remain Bitcoin-only at 75%.
Find out why in this article from the series "Fiat Everywhere:"
https://daniella.io/bitcoin-funding
The fiat system is being rebuilt on top of Bitcoin and calling itself Bitcoin:
- Saylor's #STRC is the Cantillon Effect reconstructed on top of Bitcoin
- Your favourite Bitcoin influencers are financially incentivised to not cover certain topics or disclose certain information
- One org's engineer merged 56% of all Bitcoin Core changes in 2025 while independent contributors "burnout" and disappear
- Every single Bitcoin company that raised over $50 million is not Bitcoin-only
I researched each for months; fully sourced:
https://daniella.io/fiat-incentives-everywhere
#nevent1q…7ua6
100% totally agree, exactly. Yes, I also discuss my struggle with this over the past year. I will make the entire series into a video (or multiple videos, not sure yet) so it can be easily consumed in audio format at the end of the month 🙏🏼 Looking forward to it. Thank you
"The fiat system is being rebuilt on top of Bitcoin and calling itself Bitcoin."
For the past few months I kept seeing the same pattern: If we look at Bitcoin like an organization, fiat incentives have infiltrated every department: https://daniella.io/fiat-incentives-everywhere
- Sales: STRC's Cantillon Effect on top of Bitcoin
- Dev: Funded compliance & why independent contributors disappear
- VC Funding: More capital, further from Bitcoin
- Marketing: How money shapes the signal
- Plebs: A comfortable trap
A video covering the full series will come end of June/early July.
Zap what this research was worth to you.
Sales: https://daniella.io/bitcoin-strc
Development: https://daniella.io/bitcoin-development
Funding: https://daniella.io/bitcoin-funding
Marketing: https://daniella.io/bitcoin-marketing
Plebs: https://daniella.io/the-comfortable-trap
Where it ends: https://daniella.io/leaving-fiat/
Slowing down on YouTube for the summer to finish an article series (coming end of June) and to typeset the interior of the #Portuguese edition of Beyond Money.
The translation was done by Sandra Simões, a professional translator with decades of experience. She had heard about Bitcoin but wasn't really familiar with how aligned it was with her values when she came to my first in-person Bitcoin education meetup end of 2024. Sandra has stuck around to learn more about it ever since. She was already years deep into spirituality and personal development when Bitcoin found her, so when she offered to translate Beyond Money, a book that lives right at that intersection, there really was only one person made for the task. I'm incredibly grateful for the care, attention to detail, and decades of experience she put into crafting the final draft in her native language. Her approach also keeps all the writing Ai-free, even in Portuguese. All of this was a labour of human love :)
Além do Dinheiro will be a very limited print run, so if you want to secure your softcover copy, pre-orders are open at https://book.daniella.io/product/softcover-pt/ and https://book.daniella.io/product/ebook-pt/
PS. The "program your own Nostr algorithm" tutorial I mentioned in my last video is still coming this summer, just on its own timeline rather than a fixed schedule.