TheCryptoDegen
Dare to Fly Higher: Blockchain & Digital assets management ;Shedding Light on Crypto; Bitcoin History & Stories.
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Iran just showed the world why Bitcoin is the hardest money.
A student wakes up in Tehran and the phone is dead. Not “slow.” Dead. Iran is in a near-total internet blackout connectivity reported around 4% of normal. (The Washington Post)
The next problem isn’t politics. It’s money.
If the internet is off, payments don’t clear. If protests spread, accounts get watched. If the state feels threatened, banks become a control surface. And if the currency is melting, your savings bleed while you’re trying to stay safe. In late January the rial hit a record low around 1,500,000 per dollar. (Al Jazeera)
This is the war lesson: in conflict, money stops being neutral. The rails become permissioned. Access becomes conditional.
Bitcoin wins here for one simple reason: it’s bearer money.
Not “a bank account.” Not “a promise.” An asset you can hold yourself, move without asking, and take across borders in your head. It doesn’t fix war. But it does remove a key weapon: the ability to trap people inside a broken currency and a controlled banking system.
The best money is the money that still works when institutions don’t.
21 million units. No CEO. No freeze function. No hotline.
This is the ad Bitcoin never had to buy. Price doesn’t reflect it yet.
It will.
A student wakes up in Tehran and the phone is dead. Not “slow.” Dead. Iran is in a near-total internet blackout connectivity reported around 4% of normal. (The Washington Post)
The next problem isn’t politics. It’s money.
If the internet is off, payments don’t clear. If protests spread, accounts get watched. If the state feels threatened, banks become a control surface. And if the currency is melting, your savings bleed while you’re trying to stay safe. In late January the rial hit a record low around 1,500,000 per dollar. (Al Jazeera)
This is the war lesson: in conflict, money stops being neutral. The rails become permissioned. Access becomes conditional.
Bitcoin wins here for one simple reason: it’s bearer money.
Not “a bank account.” Not “a promise.” An asset you can hold yourself, move without asking, and take across borders in your head. It doesn’t fix war. But it does remove a key weapon: the ability to trap people inside a broken currency and a controlled banking system.
The best money is the money that still works when institutions don’t.
21 million units. No CEO. No freeze function. No hotline.
This is the ad Bitcoin never had to buy. Price doesn’t reflect it yet.
It will.
ပုံသေထားသည်
Most people don’t know this, but Bitcoin has a hidden message that can never be deleted
Bitcoin block 666,666 was mined on January 18, 2021
It contains a message permanently written into the blockchain
Using Bitcoin’s OP_RETURN, the miner embedded a Bible verse directly into the block’s data
“Do not be overcome by evil, but overcome evil with good.” Romans 12:21
To make it happen, they paid over 5x the normal fee just to guarantee inclusion in that exact block
The transaction is linked to wallets named “GoD” and “BibLE”, verifiable on any public block explorer
Once it’s there, it can never be removed
Bitcoin block 666,666 was mined on January 18, 2021
It contains a message permanently written into the blockchain
Using Bitcoin’s OP_RETURN, the miner embedded a Bible verse directly into the block’s data
“Do not be overcome by evil, but overcome evil with good.” Romans 12:21
To make it happen, they paid over 5x the normal fee just to guarantee inclusion in that exact block
The transaction is linked to wallets named “GoD” and “BibLE”, verifiable on any public block explorer
Once it’s there, it can never be removed
In 2011, this guy bought 10,000 Bitcoin for $7,805 when $BTC was at $0.78 cents.
14 years later, in October 2025 he sold it all for over $1 Billion at $109,246.
He survived 100s of crashes, 4 long and hard bear markets and then retired with a 140,000x return.
14 years later, in October 2025 he sold it all for over $1 Billion at $109,246.
He survived 100s of crashes, 4 long and hard bear markets and then retired with a 140,000x return.
Tether holds $141 billion in US Treasuries, making them the 17th largest holder of US government debt in the world
Bigger than South Korea, Germany, and the UAE combined in influence, yet almost nobody outside crypto knows who they are
When you swap a dollar for USDT, Tether takes that dollar and buys a T-bill, the government pays them ~4% and you get nothing
$186 billion in USDT is circulating right now, with most of it parked in short dated Treasuries and the rest in gold, bitcoin and private investments
In 2025 that printed $10 billion in profit across a team of 300 people, or $33 million per head, making Tether the most profitable company per employee on earth
Their banking partner is Cantor Fitzgerald, who owns 5% of them, and Cantor's former CEO Howard Lutnick is now the US Commerce Secretary
In July 2025 Congress passed the GENIUS Act and wrote this exact model into federal law and by January Tether had launched USAT as the regulated US version
Then it gets stranger
USDT holders don't just hold, they stake their tokens on Kraken, Binance, Aave and Compound for 5-12% yield
Those platforms turn around and lend that USDT to traders who want leverage on long crypto positions
So T-bills are US government debt, USDT is Tether's debt backed by that government debt and the USDT then gets lent out so someone else can borrow against it
Debt stacked on debt stacked on debt, with Tether collecting the risk free rate on the entire layer
A crypto company owns more US debt than most countries, funded entirely by people who have no idea they're lending it money
Bigger than South Korea, Germany, and the UAE combined in influence, yet almost nobody outside crypto knows who they are
When you swap a dollar for USDT, Tether takes that dollar and buys a T-bill, the government pays them ~4% and you get nothing
$186 billion in USDT is circulating right now, with most of it parked in short dated Treasuries and the rest in gold, bitcoin and private investments
In 2025 that printed $10 billion in profit across a team of 300 people, or $33 million per head, making Tether the most profitable company per employee on earth
Their banking partner is Cantor Fitzgerald, who owns 5% of them, and Cantor's former CEO Howard Lutnick is now the US Commerce Secretary
In July 2025 Congress passed the GENIUS Act and wrote this exact model into federal law and by January Tether had launched USAT as the regulated US version
Then it gets stranger
USDT holders don't just hold, they stake their tokens on Kraken, Binance, Aave and Compound for 5-12% yield
Those platforms turn around and lend that USDT to traders who want leverage on long crypto positions
So T-bills are US government debt, USDT is Tether's debt backed by that government debt and the USDT then gets lent out so someone else can borrow against it
Debt stacked on debt stacked on debt, with Tether collecting the risk free rate on the entire layer
A crypto company owns more US debt than most countries, funded entirely by people who have no idea they're lending it money
On this day 13 years ago, Adam Back introduced himself on the BitcoinTalk form website. Adam was one of the few cryptographers cited in the original Bitcoin whitepaper for his concept of using mathematical proof-of-work to stop spam emails.
A guy in Bulgaria scammed $1 MILLION out of Spotify
Spotify pays around $0.004 every time someone streams a song for at least 30 seconds
So he uploaded 467 tracks that were all barely over 30 seconds
After this he bought 1,200 Spotify Premium accounts, set them to loop his playlist 24/7 and sat back
Those 1,200 bots generated 72 million streams a month, which accounted for over $400,000 in royalties from only $12,000 worth of subscriptions.
The playlists were called "Soulful Music" and "Music From The Heart"
Both made it into Spotify's global top charts and "Soulful Music" hit number 11 in the US, higher than any major label playlist at the time
Meanwhile the whole operation was showing up in Spotify's own weekly revenue reports
They sent that data to record labels every single week for months and nobody noticed it
The craziest part is none of it was illegal
The accounts were paid for with real money, real premium subscribers streamed the songs and every upload had valid copyright
When journalists reached out for comment, a Spotify spokesperson refused to even call it a scam
He only got caught because he got too successful. Breaking into the top 50 made one major label executive look twice at the charts
By the time Spotify deleted the tracks in October 2017, he had already pulled over $1 million in royalties
Years later an American named Michael Smith tried to do the same scheme with AI generated music and 10,000 bot accounts
He made $10 million in royalties but to make it work he had to buy bulk email addresses, lie directly to Spotify when they flagged him and pay for subscriptions using fake names on corporate debit cards
Those lies turned the whole operation into wire fraud
The DOJ busted him in 2024, he pleaded guilty and had to return $8 million
Same scam, different execution and a small detail changed the entire outcome
One guy became rich, the other is waiting for his sentencing
Spotify pays around $0.004 every time someone streams a song for at least 30 seconds
So he uploaded 467 tracks that were all barely over 30 seconds
After this he bought 1,200 Spotify Premium accounts, set them to loop his playlist 24/7 and sat back
Those 1,200 bots generated 72 million streams a month, which accounted for over $400,000 in royalties from only $12,000 worth of subscriptions.
The playlists were called "Soulful Music" and "Music From The Heart"
Both made it into Spotify's global top charts and "Soulful Music" hit number 11 in the US, higher than any major label playlist at the time
Meanwhile the whole operation was showing up in Spotify's own weekly revenue reports
They sent that data to record labels every single week for months and nobody noticed it
The craziest part is none of it was illegal
The accounts were paid for with real money, real premium subscribers streamed the songs and every upload had valid copyright
When journalists reached out for comment, a Spotify spokesperson refused to even call it a scam
He only got caught because he got too successful. Breaking into the top 50 made one major label executive look twice at the charts
By the time Spotify deleted the tracks in October 2017, he had already pulled over $1 million in royalties
Years later an American named Michael Smith tried to do the same scheme with AI generated music and 10,000 bot accounts
He made $10 million in royalties but to make it work he had to buy bulk email addresses, lie directly to Spotify when they flagged him and pay for subscriptions using fake names on corporate debit cards
Those lies turned the whole operation into wire fraud
The DOJ busted him in 2024, he pleaded guilty and had to return $8 million
Same scam, different execution and a small detail changed the entire outcome
One guy became rich, the other is waiting for his sentencing
34% of all Bitcoin is quantum vulnerable and the fix is worse than the problem
Every Bitcoin wallet has two keys. A public one that acts like your account number, and a private one that acts like your password.
Normally the public key stays hidden. But in Bitcoin’s early years, millions of wallets accidentally broadcast theirs onchain.
For a regular computer, that doesn’t matter. The math to reverse a public key into a password would take longer than the age of the universe.
But a quantum computer does it in hours.
8 million BTC sit in those exposed wallets and once quantum hits, anyone with the machine can drain them.
1.7 million of those coins are in formats so old they can’t even be upgraded to the new quantum resistant standard.
Satoshi’s 1.1 million BTC is a part of that pile.
So Bitcoin faces a forced choice in the 2030s:
Option 1: Hard fork to freeze vulnerable coins before quantum attackers drain them.
Option 1: Hard fork to freeze vulnerable coins before quantum attackers drain them.
Breaks “not your keys, not your coins.” If the network can freeze Satoshi’s wallet, it can freeze yours too.
Option 2: Do nothing. Watch 8M BTC get drained and dumped. 15 years of monetary policy get shredded in months.
Both options break something sacred. So who decides?
Not the developers. Not the miners. Not the cypherpunks who built this.
BlackRock. Fidelity. MicroStrategy. The US government.
They hold the coins now. They hold the ETF shares, the corporate treasuries, the strategic reserve.
When the 2030s force a vote, they’re the only votes that count.
Hoskinson says Bitcoin’s governance can’t ship a hard fork. He’s wrong. It can. Just not the way anyone was promised.
Bitcoin spent 15 years building a fortress against the state then handed it the keys for an ETF ticker.
The quantum debate isn’t about quantum. It’s about who owns Bitcoin now.
You already know.
Every Bitcoin wallet has two keys. A public one that acts like your account number, and a private one that acts like your password.
Normally the public key stays hidden. But in Bitcoin’s early years, millions of wallets accidentally broadcast theirs onchain.
For a regular computer, that doesn’t matter. The math to reverse a public key into a password would take longer than the age of the universe.
But a quantum computer does it in hours.
8 million BTC sit in those exposed wallets and once quantum hits, anyone with the machine can drain them.
1.7 million of those coins are in formats so old they can’t even be upgraded to the new quantum resistant standard.
Satoshi’s 1.1 million BTC is a part of that pile.
So Bitcoin faces a forced choice in the 2030s:
Option 1: Hard fork to freeze vulnerable coins before quantum attackers drain them.
Option 1: Hard fork to freeze vulnerable coins before quantum attackers drain them.
Breaks “not your keys, not your coins.” If the network can freeze Satoshi’s wallet, it can freeze yours too.
Option 2: Do nothing. Watch 8M BTC get drained and dumped. 15 years of monetary policy get shredded in months.
Both options break something sacred. So who decides?
Not the developers. Not the miners. Not the cypherpunks who built this.
BlackRock. Fidelity. MicroStrategy. The US government.
They hold the coins now. They hold the ETF shares, the corporate treasuries, the strategic reserve.
When the 2030s force a vote, they’re the only votes that count.
Hoskinson says Bitcoin’s governance can’t ship a hard fork. He’s wrong. It can. Just not the way anyone was promised.
Bitcoin spent 15 years building a fortress against the state then handed it the keys for an ETF ticker.
The quantum debate isn’t about quantum. It’s about who owns Bitcoin now.
You already know.
The man they called “Bitcoin Jesus”
- Roger Ver
- early Bitcoin investor and evangelist
- founder of MemoryDealers
one of the first to accept BTC for real products
2011
- buys Bitcoin at ~$1
- invests in early crypto startups like BitInstant and Kraken
“Bitcoin will change the world”
2014
- renounces US citizenship
- moves to St. Kitts
- avoids US tax system
2017
- supports Bitcoin Cash
- calls it the real Bitcoin
community splits
2022
- accused of $47M debt with CoinFLEX
- legal battle follows
- settles later
2024
- arrested in Spain
- charged by US authorities
- tax evasion linked to early BTC gains
2025
- reaches agreement with DOJ
- pays ~$50M in taxes, penalties and interest
- avoids prison
July 2025
- 80,000 BTC move after 14 years
~$8.7B
rumors start “it’s Roger Ver”
reality, there’s no proof
2025- 2026
- launches FreeRoger campaign
- claims political persecution
- appeals publicly to Trump
- promotes his book
- Hijacking Bitcoin
early Bitcoin visionary
but also one of the most controversial figures in crypto
both can be true at the same time
- Roger Ver
- early Bitcoin investor and evangelist
- founder of MemoryDealers
one of the first to accept BTC for real products
2011
- buys Bitcoin at ~$1
- invests in early crypto startups like BitInstant and Kraken
“Bitcoin will change the world”
2014
- renounces US citizenship
- moves to St. Kitts
- avoids US tax system
2017
- supports Bitcoin Cash
- calls it the real Bitcoin
community splits
2022
- accused of $47M debt with CoinFLEX
- legal battle follows
- settles later
2024
- arrested in Spain
- charged by US authorities
- tax evasion linked to early BTC gains
2025
- reaches agreement with DOJ
- pays ~$50M in taxes, penalties and interest
- avoids prison
July 2025
- 80,000 BTC move after 14 years
~$8.7B
rumors start “it’s Roger Ver”
reality, there’s no proof
2025- 2026
- launches FreeRoger campaign
- claims political persecution
- appeals publicly to Trump
- promotes his book
- Hijacking Bitcoin
early Bitcoin visionary
but also one of the most controversial figures in crypto
both can be true at the same time
Meet one of the biggest scammers in influencers memecoins
Dave Portnoy (Barstool Sports founder):
1) launches his own memecoin $GREED on pumpfun
2) buys a massive bag and shills it hard live to millions of followers
3) coin pumps to over $35M+ mcap off his name
4) dumps his entire position within an hour
5) coin crashes 99%
6) he walks away with around $258k profit
7) immediately launches the sequel $GREED2
8) also buys over 50 million $JAILSTOOL (the troll coin mocking him) and shills it heavy
9) pattern repeats on multiple coins
10) retail holders get wrecked with worthless bags every single time
Then we are wondering why normies don’t get into crypto…
Never ape a coin just because a famous streamer is pumping it live.
Dave Portnoy (Barstool Sports founder):
1) launches his own memecoin $GREED on pumpfun
2) buys a massive bag and shills it hard live to millions of followers
3) coin pumps to over $35M+ mcap off his name
4) dumps his entire position within an hour
5) coin crashes 99%
6) he walks away with around $258k profit
7) immediately launches the sequel $GREED2
8) also buys over 50 million $JAILSTOOL (the troll coin mocking him) and shills it heavy
9) pattern repeats on multiple coins
10) retail holders get wrecked with worthless bags every single time
Then we are wondering why normies don’t get into crypto…
Never ape a coin just because a famous streamer is pumping it live.
Bitcoin went from $0 to $126,000 in 17 years.
2009: Bitcoin launches with no price.
2010: 10,000 BTC used to buy two pizzas.
2011: Bitcoin hits $31, then falls to $2.
2013: Bitcoin hits $1,000 for the first time.
2014–15: Bitcoin drops over 80% after Mt. Gox collapse.
2017: Bitcoin goes from $1,000 to $20,000.
2018: Bitcoin falls to $3,200.
2021: Bitcoin reaches $69,000 as institutions enter.
2022: Bitcoin falls to $15,500 after FTX collapse.
2024: Bitcoin breaks $100,000 with ETF adoption.
2025: Bitcoin reaches a new all-time high of $126,000.
2026: Bitcoin stil trades around $70,000.
Every cycle had crashes but Bitcoin kept making new highs.
2009: Bitcoin launches with no price.
2010: 10,000 BTC used to buy two pizzas.
2011: Bitcoin hits $31, then falls to $2.
2013: Bitcoin hits $1,000 for the first time.
2014–15: Bitcoin drops over 80% after Mt. Gox collapse.
2017: Bitcoin goes from $1,000 to $20,000.
2018: Bitcoin falls to $3,200.
2021: Bitcoin reaches $69,000 as institutions enter.
2022: Bitcoin falls to $15,500 after FTX collapse.
2024: Bitcoin breaks $100,000 with ETF adoption.
2025: Bitcoin reaches a new all-time high of $126,000.
2026: Bitcoin stil trades around $70,000.
Every cycle had crashes but Bitcoin kept making new highs.
Hal Finney predicted ‘prediction markets’ 20 years ago
Before Satoshi disappeared he gave one developer a secret key that could override every single Bitcoin node
It was called the Alert Key
Satoshi added it to Bitcoin in 2010 after the 184 billion coin bug almost killed the entire network
When a valid alert was sent using this key, every Bitcoin client would go into "safe mode" and could freeze transactions
He handed it to Gavin Andresen along with control of the entire code repository right before he vanished
Only three people had access: Satoshi, Gavin Andresen, and Theymos
The key was used 12 times between 2012 and 2014 to broadcast emergency upgrade notices
A decentralized currency with no central authority had a hidden override switch controlled by three people for six years
It wasn't removed until Bitcoin version 0.13.0 in 2016
In 2018 developers published the key publicly so it could never be used again
The most decentralized financial network in history had a backdoor the entire time and almost nobody knew about it
#GoldmanSachsFilesforBitcoinIncomeETF
It was called the Alert Key
Satoshi added it to Bitcoin in 2010 after the 184 billion coin bug almost killed the entire network
When a valid alert was sent using this key, every Bitcoin client would go into "safe mode" and could freeze transactions
He handed it to Gavin Andresen along with control of the entire code repository right before he vanished
Only three people had access: Satoshi, Gavin Andresen, and Theymos
The key was used 12 times between 2012 and 2014 to broadcast emergency upgrade notices
A decentralized currency with no central authority had a hidden override switch controlled by three people for six years
It wasn't removed until Bitcoin version 0.13.0 in 2016
In 2018 developers published the key publicly so it could never be used again
The most decentralized financial network in history had a backdoor the entire time and almost nobody knew about it
#GoldmanSachsFilesforBitcoinIncomeETF
Satoshi's original Bitcoin code had a built in poker game hidden inside it
The first version of Bitcoin released in January 2009 contained a class called CPokerLobbyDialogBase
It had framework code for an on chain poker game, an IRC chat client and a peer to peer marketplace all built into the mining software
The poker code was added on April 16, 2008, months before the whitepaper was even published
It stayed in the codebase for years and wasn't fully removed until Bitcoin version 0.8.2
Nobody knows why Satoshi built a poker game into a digital currency
The code is still visible today on GitHub in the original Bitcoin v0.1 source code, lines 1573 to 1731
The first version of Bitcoin released in January 2009 contained a class called CPokerLobbyDialogBase
It had framework code for an on chain poker game, an IRC chat client and a peer to peer marketplace all built into the mining software
The poker code was added on April 16, 2008, months before the whitepaper was even published
It stayed in the codebase for years and wasn't fully removed until Bitcoin version 0.8.2
Nobody knows why Satoshi built a poker game into a digital currency
The code is still visible today on GitHub in the original Bitcoin v0.1 source code, lines 1573 to 1731
Bitcoin: S2F 100+ scarcity and $1T+ market cap ..
No bubble.
No hype.
Just a new institutional asset sitting right next to gold and real estate. It’s lagging S2F line a bit right now, but the supply shock is coming. Hard. Where do you see BTC in 5 years? Drop your number👇
#CryptoMarketRebounds
No bubble.
No hype.
Just a new institutional asset sitting right next to gold and real estate. It’s lagging S2F line a bit right now, but the supply shock is coming. Hard. Where do you see BTC in 5 years? Drop your number👇
#CryptoMarketRebounds
Crypto is no longer decentralized. Hear me out.
PumpFun runs the entire memecoin market right now.
This week Alon, the co-founder, wiped a token called $ALONHOUSE off the platform because it was using his personal address in Hove as its identity.
The token vanished from DexScreener, Solscan, and every Pump.fun connected space within hours.
There was no vote, no warning, and no community involved in any part of the decision.
And that's when it hit everyone.
If you can delete a token because it's personal, you can delete any token for any reason.
The memecoin market is not open the way people keep telling themselves it is, it has an owner, and the owner just reminded the entire ecosystem of that fact in real time.
Today it was an address. Tomorrow it could be a coin somebody doesn't like, a competitor, a narrative, or a wallet that made the wrong person uncomfortable.
Now look, nobody should have their personal address exposed without their consent and that part is genuinely wrong.
But using a personal situation to override the entire reason crypto was built in the first place is the bigger conversation nobody wants to have.
Decentralization was supposed to be the one thing nobody could touch and it turns out somebody could the whole time.
PumpFun runs the entire memecoin market right now.
This week Alon, the co-founder, wiped a token called $ALONHOUSE off the platform because it was using his personal address in Hove as its identity.
The token vanished from DexScreener, Solscan, and every Pump.fun connected space within hours.
There was no vote, no warning, and no community involved in any part of the decision.
And that's when it hit everyone.
If you can delete a token because it's personal, you can delete any token for any reason.
The memecoin market is not open the way people keep telling themselves it is, it has an owner, and the owner just reminded the entire ecosystem of that fact in real time.
Today it was an address. Tomorrow it could be a coin somebody doesn't like, a competitor, a narrative, or a wallet that made the wrong person uncomfortable.
Now look, nobody should have their personal address exposed without their consent and that part is genuinely wrong.
But using a personal situation to override the entire reason crypto was built in the first place is the bigger conversation nobody wants to have.
Decentralization was supposed to be the one thing nobody could touch and it turns out somebody could the whole time.
နောက်ထပ်အကြောင်းအရာများကို စူးစမ်းလေ့လာရန် အကောင့်ဝင်ပါ