勇敢丹尼尔 @GoGoGoDanielGui

The alternative is not “no governance.” The alternative is governance made invisible. If a small group of developers, maintainers and institutional gatekeepers can alter the protocol whenever they consider it necessary, then they possess control. Calling their decisions “upgrades” does not make the power disappear. It merely gives authority a more fashionable vocabulary. A decentralised system is not one in which everyone may watch a handful of people rewrite the rules. It is one in which no handful of people can rewrite them at all. Stable rules force ambition to compete within the system. Mutable rules allow the ambitious to capture the system itself. So yes, I prefer a protocol that cannot be casually redesigned by whichever committee presently mistakes influence for wisdom. When people can change the rules, they govern. When they govern, they control. And when control is concentrated, “decentralisation” becomes little more than a charming word printed on the chains.

Self Proclaimed Satoshi Takes Aim At Bitcoin Governance Self proclaimed Satoshi Nakamoto, Craig Wright, has renewed his criticism of Bitcoin's governance model in a recent X post. He said Bitcoin's protocol should remain permanently fixed and argued developers, miners, and corporations should never rewrite the network's rules. According to Wright, innovation belongs at the application layer, not the base protocol. He said stable rules create a level playing field for businesses.

Tether just published its Q2 2026 attestation. The world's largest stablecoin issuer added 14 metric tons of gold during the quarter. Total gold reserves: over 146 metric tons. Worth $18.8 billion. Here is why that number matters for anyone tracking gold demand. Tether has become one of the largest non-sovereign holders of physical gold on the planet — a position that would rank it alongside mid-tier central banks if it were a country. This gold backs both the Tether USDT stablecoin — with $184.6 billion in circulation — and the Tether Gold (XAUT) token, with $2.9 billion in circulation. A crypto company is now buying and holding physical gold at a scale that rivals national reserves. That is demand coming from a source that did not exist in prior gold bull markets. $GDX $NEM $WPM $FNV

利比亚的老百姓每天断电好几个小时，医院没药，学校停课。而另一边，扛着AK的民兵，正用油轮偷偷往地中海倒卖原油 卖油的钱被拿去买武器、巩固地盘… 地下的石油不是财富，地上的秩序才是。没有产权保护的资源，不是发展的引擎，而是战争的燃料 youtu.be/P1Y8c5PXnlc?si…

The 30-Year US Treasury Yield ended the month at 5.27%, its highest level since July 2007. The Federal Reserve and Federal Government continue to spin the lie of low inflation while the bond market reveals the truth. Video: youtube.com/watch?v=YXM9rR…

*BESSENT: WON'T HESITATE TO CONDUCT MORE YEN JOINT INTERVENTION

@elerianm @FT This may be why the Fed didn't raise interest rates. A hike by the Fed may have forced the BOJ's hand. The BOJ also didn't hike rates this week. It's telling the U.S. sold euros, not dollars. I think Bessent is worried dollar sales will add to upward pressure on Treasury yields.

More on the Yen: Per the @FT: "The US Treasury intervened in yen exchange rates on Friday, marking the first time Tokyo and Washington joined forces to support the Japanese currency via outright purchases in nearly 30 years. The Federal Reserve Bank of New York undertook the unusual move of conducting a sale of euros to buy yen on behalf of the Treasury, according to three people familiar with the matter." #economy #markets #yen #japan #fx #currency

Japan, Bretton Woods 2.0, & The End Of The Carry Era zerohedge.com/markets/japan-…

30-Year Yield Breaking Out 📈 📈

这个非洲国家，津巴布韦的烟草拍卖行，可能是全世界最后一块纯自由市场的活化石。 烟草自由市场的成功，不是津巴布韦政府开明的证明，恰恰是它在其他所有领域干预失败的反证。 但若是缺少有效的产权保障，废墟上的黄金叶，还能闪耀多久？ #津巴布韦 youtu.be/MINzgekKg-E?si…

刚果（布）正在把未来几十年、本该属于子孙后代的石油，提前卖给了国际商人，换回今天的钞票，然后把账单甩给还没出生的孩子 明天的刚果人，将不得不用加倍的劳动、更匮乏的公共服务、更逼仄的生存空间，去还一笔他们出生前就签了字的债 #刚果布 youtu.be/4cqbrka777s?si…

一个国家可能会因为“嚼叶子”和“打仗”而缺水喝？这不是科幻片，这是也门正在发生的事。 如果只是嚼卡特树叶，也门的水可能还能撑几十年。但真正让水危机加速的，是战争。 但一个被战争撕裂的国家，连基本的安全都保证不了，谈何产权？谈何市场？ 而唯一的出路，又会是什么？ youtu.be/Ra-uk26aOhQ?si…

瑞士没有带薪产假？ 当“好人”要自己掏钱，好人就消失了。 这就是瑞士公投的残酷真相：它把福利的“道德光环”扒了个精光，直接把账单拍在你脸上。 当“好人”的成本变得如此具体、如此个人化的时候，大多数人会选择当个“精明的凡人”。 #瑞士 #带薪产假 #福利主义 #税收 youtu.be/IUvedfPwgE8?si…

居然有国家把房产税绑在电费账单上。不交税？直接断电！ 你可能听过一个词叫“程序正义”。意思就是，你犯了事，得有证据，得走流程，得给你申辩的机会。 可希腊这套操作，直接把程序正义扔进了垃圾桶。 #希腊 youtu.be/ICcBPvleNCY?si…

Markets don't require perfect information to work. Austrian economics recognizes that prices emerge from imperfect knowledge—and that central bank manipulation can distort the very signals markets rely on. schiffgold.com/commentaries/w…

那十年，缅甸被捧成“亚洲最后的边疆市场”，听起来就像是一个只要你去就能发财的地方。 那十年，谁最开心？是那些从农村跑到仰光打工的年轻人。 …… 然后，整个社会又被从“现代”一脚踹回了“原始”… 没有产权保障的市场本质上是猎场。 #缅甸 youtu.be/U7Ht2tNc0Ak?si…

一个连烟草都禁止卖、电视网络都曾经被禁掉的国家，告诉你什么是幸福？你信吗？ 他们到底是如何定义幸福的？自己定了一套标准，然后自己打分，最后宣布自己优秀 当政府垄断了“美好生活”的定义权，民众连什么是幸福都得听它的，那这种幸福，不过是一场精心包装的集体骗局 youtu.be/qvPzt9IPDrg?si…

The yield on the 30-year Treasury is 5.18%, its highest since April 2006. At that time, the U.S. national debt was $8.35 trillion. Now it’s $39.6 trillion, almost five times as large. The U.S. can’t afford these rates, let alone the much higher rates we'll soon be forced to pay.

Austrian economics rejects the idea that people are predictable machines. It starts with subjective value and human agency, arguing that free individuals—not central planners—create lasting social order. schiffgold.com/commentaries/t…