1.9 TH/s

Joined May 2026
BitMatt xbt retweeted
Replying to @AaronTolentinoT
1) Calling me a troll and bad faith actor after I took the time to explain what I really believe-- is itself an act of bad faith 2) There are serious allegations against Adam Back, Samson Mow, and Blockstream that you just waved away: natinfosec.substack.com/ 3) You say I went over to the dark side, while you remain on the chain that's controlled by a number of corrupt cartels, including Tether (USD cartel), Bitcoin Core (your listeners should read Hodlonaut: citadel21.com/the-machine), BlackRock, Saylor, and large mining pools that answer to their governments 4) Bitcoin's consensus rules are determined by node runners, not large mining pools, exchanges, and other large captured state actors
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BitMatt xbt retweeted
You can tell a person's entire life philosophy by whether their reaction to the Tesla roadster was criticizing it or yelling HELL YEAH
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BitMatt xbt retweeted
planting seeds for the next harvest
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2018 Saifedean: “The only way to own bitcoin is to have control of the private keys.” -The Bitcoin Standard, Chapter 8 2026 Saifedean: Michael Saylor has come out with 4% of all the bitcoin without having control of the private keys
Michael Saylor has gone through his second year-long bitcoin bear market and come out with 4% of all the bitcoin, billions in USD cash, & close to zero net debt, all while relentlessly posting AI memes every day. Haters in shambles.
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BitMatt xbt retweeted
A pattern is emerging in the responses to CAPTURE: The Machine. Joe Nakamoto: “Saved you a click. Old news.” Now Jonathan Bier, CEO of Farside Investors, posting as @FarsideInsights: “TLDR. Already widely publicised.” Same straw man. Same dismissal. Reduce an investigation to one already-public fact, then declare the entire thing old news. But that's precisely the point of CAPTURE. The individual facts were often public. What matters is the picture that emerges when you put the editorial conflicts, disclosure failures, policy exemptions, financial arrangements, institutional relationships, and timelines together. Break that picture back into isolated facts, and each becomes easier to dismiss. Worth noting: Bier sits on Brink's board, administers Bitcoin developer grants, and personally answered questions for the CAPTURE investigation about Brink's internal governance. He's not an outside observer of the institutional structures this series examines. Don't trust. Verify.
CAPTURE Part 4: THE MACHINE The fourth and final installment is out. Bitcoin Magazine wasn’t just covering the fight over Bitcoin’s future. Its parent operated an Ordinals trading desk, invested in businesses tied to the ecosystem, and maintained editorial policies that exempted parts of that same business. Then came an $80,000/month marketing contract, with an option for Nakamoto Inc. to buy BTC Inc at a valuation tied to its earnings, in a window that included the OP_RETURN fight. Nakamoto exercised the option. Readers were not consistently told about these commercial relationships. A documented investigation into the commercial interests and media infrastructure surrounding the Bitcoin Core controversy. citadel21.com/the-machine
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Replying to @JoeNakamoto
I truly love playing and hanging out with you, Joe. So I say this as a friend. Dismissing the work of the most thoughtful and thoughrogh journalist in Bitcoin as something people should TL;DR is not a good look. I know you might think Mr. Cat is your enemy, but he is not. On the contrary, he's a man of greater integrity than most others in the space, and IMO, all bitcoiners should read this article series. They should read the rebuttals too, of course, and make up their own opinions, but disregarding it as controversy click-bait is far more more telling about you than Mr. Cat. Bitcoin can only give you true self-sovereignty if you do your homework. All the homework. The economic principles, the technical aspects, and figuring out who you can trust or not. There are scammers everywhere. I have to balance cypherpunk values and sponsorship money too, and I know it's a tricky thing to navigate while keeping your soul uncorrupted. You quit Cointelegraph for a reason. You're a bitcoiner. Act the part, ffs! Looking forward to continuing this conversation in-person.
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In 2022 core deleted the definition of bitcoin as money from their documentation. Their reason for doing this was that "what is bitcoin is very much up for debate" You said nothing on the matter. After 3 years of increasing spam up to the point where half of the block size is garbage, core had the brilliant idea of removing a spam filter. You said nothing on the matter. When nodes protested and pushed for BIP110 to fix bugs used by spammers, you said nothing. And now you finally say something and you just insult the people who you have been ignoring for the last 2 years?
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BitMatt xbt retweeted
CAPTURE Part 4: THE MACHINE The fourth and final installment is out. Bitcoin Magazine wasn’t just covering the fight over Bitcoin’s future. Its parent operated an Ordinals trading desk, invested in businesses tied to the ecosystem, and maintained editorial policies that exempted parts of that same business. Then came an $80,000/month marketing contract, with an option for Nakamoto Inc. to buy BTC Inc at a valuation tied to its earnings, in a window that included the OP_RETURN fight. Nakamoto exercised the option. Readers were not consistently told about these commercial relationships. A documented investigation into the commercial interests and media infrastructure surrounding the Bitcoin Core controversy. citadel21.com/the-machine
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Interesting timing: 2 influencers distancing themselves from Blockstream within a few days. Who else is left supporting Blockstream and Adam Back? Blockstream users have had over $320 million of their BTC frozen for over a month. I wonder if this is related to the recent Bloomberg article about Adam Back's recent business problems, or the NatInfoSec Blockstream fraud allegations involving private jets? Why aren't more people in the Bitcoin space covering these developments? @ODELLXYZ @laurashin @natbrunell @MartyBent @stephanlivera @SimplyBitcoin
🤖 Made with AI
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BitMatt xbt retweeted
Bitcoin has been a "minority fork" from day 1. Anyone who wants to go with the crowd uses the dollar.
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BitMatt xbt retweeted
Talking about "self-custody" on a network with mining as centralized as Bitcoin is as a silly as thinking you have sovereignty over the money in your bank account because you're the only person who knows your login password.
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This week, spam took up 44.6% (682.22 MB) of the blocks size and paid only 15.3% of the miner fees, resulting in spam paying 4.46x cheaper than monetary users for the same block space. Thank you core devs for protecting our right to dickbutt.jpeg and other garbage.
WEEKLY SPAM CHAIN REPORT One more weekly report of the state of spam on the spam chain (BTC). This week, spam took up 44.6% (682.22 MB) of the blocks size and paid only 15.3% of the miner fees, resulting in spam paying 4.46x cheaper than monetary users for the same block space. Thank you core devs for protecting our right to dickbutt.jpeg and other garbage. Next week, I might post a comparison scan between the Bitcoin chain (XBT) and the spam chain (BTC). Or maybe the week after, all depends on a few factors.
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Blockstream Close To Collapse?
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BitMatt xbt retweeted
The long coinbase maturity soft fork is much cleverer than it looks at first glance. It doesn’t try to identify or ban mercenary BLAKE2b hash. Instead, it attacks the economic machinery that allows immature SV1 pools to rapidly aggregate opportunistic hash and turn it into liquid payouts. At block 973,440, newly mined coinbases become subject to a 6,480-block maturity until block 979,920. But because the enforcement window itself is exactly 6,480 blocks long, none of those rewards actually mature while the rule is active. They all hit the same cliff: effectively, every new mining reward is frozen until 979,920, when consensus returns to the normal 100-block maturity. That is brutal for an immature SV1 pool. If its business model relies on spending coinbases around the normal 100-block maturity to pay transient hashers, that flow simply stops working. Spend one of those covered coinbases too early and upgraded nodes reject it; mine a block containing that spend and those nodes reject the entire block. The alternative is for the pool to keep paying miners out of its own already-mature reserves while 45 days of newly earned block rewards accumulate frozen behind it. For a thinly capitalized pool, that can be existential. And the more opportunistic hash it attracts, the larger the liquidity hole becomes. The mechanism turns the very thing that makes SV1 dangerous (being able to rapidly aggregate huge amounts of mercenary hash) into a massive capital requirement. DATUM with direct generated payouts, such as TIDES, fits the model much more naturally. The miners' shares are placed directly into the coinbase when the block is created. Those individual outputs still have to mature, but there is no centralized pool treasury that first receives the subsidy and then needs to spend it later to distribute rewards. The maturity burden follows the actual miners rather than forcing a pool to finance an army of transient hashers. Another clever part: there is no miner or node signaling threshold. This is a height-based flag-day soft fork. Nodes running the new version begin enforcing it automatically at 973,440 regardless of how many other nodes signal support. Nodes that refuse to upgrade are not given veto power over activation. As long as miners follow the stricter rule, they can continue following the same chain. But if an old-rule SV1 pool or miner tries to spend one of these coinbases after only ~100 blocks and mines that spend, the enforcing network rejects the block outright. Any non-upgraded nodes that accept and build on it have followed that miner onto an incompatible fork. That is another benefit of the design: unaligned miners do not get to drag enforcing nodes back to the old rules. If they insist on monetizing rewards before the new maturity permits it, they effectively fork themselves, and any old nodes willing to follow them, off the enforcing network. That's the elegance of it: the network doesn't need to know which ASICs are “mercenary.” It changes the incentives underneath them. Opportunistic hash can still point at XBT, but the thinly capitalized SV1 pools that make that hash liquid, convenient and scalable suddenly need enough reserves to finance weeks of payouts, or make their miners wait.
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BitMatt xbt retweeted
Looks like the Bitcoin softfork activation will be earlier than anticipated (this afternoon instead of tomorrow), upgrade ASAP!
Bitcoin Knots 29.4.2.knots20260508 released, further mitigating the ongoing attack! 🎉 Be sure to read the release notes and verify your download(s)! bitcoinknots.org/?29.4.2.202…
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BitMatt xbt retweeted
I don't think anybody who looks at this can dispute that on 9/11 all 3 buildings came down due to a controlled demolition, regardless of plane impact, jet fuel fires or any other possible structural or fire damage. I am an architect who studied architecture & engineering.
24 years later, millions more people are seeing this for what it is. Are you ready to join the side of truth and create a future of peace?
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BitMatt xbt retweeted
Replying to @BTCForevercast
What matters is the truth and doing the right thing. Our goal is not to predict the future, but to do what we ought to do in the present.
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BitMatt xbt retweeted
Building 7. No plane. Controlled demolition. YOU have been lied to.
🚨SHOCKING FOOTAGE PROVES WTC 7 WAS RESULT OF DEMOLITION?!🚨 You see it with your own eyes. Nothing left up for interpretation. You have the answer for WTC 7. The question now is if they hid the origin of the demise of WTC 7, did they do it for ALL of the WTC buildings?
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