Proof of Work (PoW) is a decentralized consensus mechanism where each network node independently verifies data through economic competition, ensuring no central point of authority control or failure. In contrast, Proof of Stake (PoS) is designed for centrally controlled systems and does not require ongoing economic opportunity costs, making it more susceptible to centralization. Pre-mine is a method where controlling entities create total economic power before network inception, maintaining complete control. Genuine Bitcoin uses PoW with a fixed supply, common starting point, neutral growth period, chain of signatures, log protocol, and unbounded scale capacity, distinguishing it from other cryptocurrencies that are more centrally controlled.
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News: Will the movie see the light of day?Hinzugefügt:
Hello and welcome to your daily dose of Satoshi's news. Today's day is Sunday, the 31st of May, 2026, the year of green works and BSV teranoded in the mix.
Branch of threads expand your mind with tree chart die eye. All your posts are put on chain. All right, let's see what we've got today. So, some posts to get through on my feed. Another conspiracy theory comes true. The climate hoax.
They've just admitted it as they did I think it was last year sometime as well, but now they're putting out out a national press, but there's still going to be some people who believe it because you know the the hoax got so big, but they're literally just admitting it. They had no idea what they were talking about. This looks ace. Look at this.
Um I'm assuming this might be what the poster for the uh the movie Bitcoin.
Uh this look I mean I don't know if it's made up, but uh looks like maybe it's written in French.
Uh but that look that looks ace.
Uh yeah.
Bits catch up on there. I've just written this article here by VoteRiot which I want to go through just to see what it reads like, you know, trying different ways to explain uh you know, the Bitcoin network to people and apps like that. Great stuff.
I've just found this article here by E Egden saying here XRP loses 900 million dollars as DTCC collateral fund triggers panic sell-off.
So, yeah, don't quite know what that's all about, but we'll read the article then we'll have a look at the figures, see what's up with what is going down. I'll have a look at XRP then.
Don't really know if there was a 900 million dollar sell-off doesn't really seem to have affected the price all that much.
Uh we'll just check uh strategies charts here as to why Michael Saylor might be uh sweating a little bit. We got some 365 days of big honesty and then that'll be the end of the show, right? Let's get into it.
>> [music] [music] [music] >> All right, here we go. So, Andrew Bridgen has posted here. He said, "Look at this. This is a major signal. The United Nations has scrapped its worst-case climate scenario." Uh and this is just after uh um what's his name? Tony Blair um said that Ed Miliband should scrap all his green agenda targets, probably cuz they want to plow all their uh energy into data centers and uh and world surveillance, I guess.
Uh but they continue, "The climate hoax is officially dead. Our children are still being indoctrinated with this damaging nonsense in schools. It's a form of child abuse uh child abuse.
Please watch and share. All right, let's finally have a listen to this. Here we go.
>> Now, this The United Nations has withdrawn their worst-case conclusion on climate. Now, they had been thinking that temperatures would go up by 8° F by the end of this century and that the polar ice caps would melt completely.
Daniel Turner is with us this morning. I thought that UN declaration to abandon that that forecast, I thought that was a very big deal for climate science.
>> It really was, but but I think there needs to be a reckoning because this wasn't just a mistaken in climate calculations or in science. There are whole countries that destroyed their economies. The UK shut down the the the North Sea oil and gas, right? We have entire nations that have crippled themselves and made themselves energy poor because of climate change. And not only that, generationally, how many young children have grown up with real climate anxiety that are convinced they're going to die? They did These scientists, for political reasons, did great, great damage to the world. And it's not enough for them to say, "Oops, we made a mistake." There needs to be a reckoning for this.
>> what would be a reckoning? What would it be?
>> They lose all of their funding. They are They are discredited. They have to offer formal statements. They should be forced to go around to schools and tell young people, "You don't have to be worried about climate change."
>> not going to happen.
>> Of course not. But but it's not enough to just say, "Hey, we made a mistake."
And they did these They did this for political calculations, and that's what's wrong.
>> Political calculations. Uh I think you'll find they're political reasons as to why they did it. How much money have they scammed out of governments you know, for this green energy initiative? Wind turbines that are powered by diesel, destroying fields with solar panels and all this crap. We know exactly why they've done it, and we know who they are as well.
Should we say shocking, not shocked, you know?
Check this out, though. Mint. So, yeah.
It says uh a Dell director, The Bourne Identity, and Mr. and Mrs. Smith.
I didn't realize Doug Liman did that as well. Gal um Gal Gadot.
Um a Gadot. Isla Fisher, Casey Affleck, Pete Davidson.
What does it Hero or Enigma?
What I mean, that looks That's That looks like a mint poster. And look at this, you know, spy thriller almost. I'm loving this. Uh very much looking forward to this coming out, but um what I think I I I think Gavin might have posted something on it on the distribution rights.
I wouldn't be surprised if this doesn't get released at all. Because if you were a big Warner Brothers studio, and you didn't want this going out, you'd just purchase the movie and then shelve it.
That's That's what they That's what they do. Are we Is it ever going to see the light of day? Probably not. Doug Liman makes the movie, pays the actors, gets his gets his return by selling it, and then the and then the studio is just simply show it. Yeah, nice one.
But you know, I wouldn't be surprised, yeah, the amount of shenanigans that go on behind the scenes and the corruption is just absolutely outrageous.
But but yeah.
Um check this out. So Vinnie Lingham said, "Is this making sense yet?"
He said this was a regarding his post back in 2024 when he said, "Unpopular opinion, Michael Strategy will ultimately and eventually do more harm to Bitcoin and crypto than FXT did.
Oof."
He knows what's going on. He knows it's a massive Ponzi scheme. Absolutely huge.
Uh but talking about Ponzi schemes and yeah, the climate hoax now being revealed. Well, is it is is it being revealed because they've lost their funding?
Check this out. So Britain is Broken has said here, "Breaking, the United Nations is on the brink of collapse. So that's why they can't afford to carry on their climate hoax.
Uh they're officially expected to run out of money in about 6 weeks after Donald Trump cut all US funding to the UN. Good, globalism will fall. Oof."
So yeah, it's the US government sounds like to me like it's literally the US government that has been funding all this BS for all these years.
Uh and now all the lies are going to come out cuz they can't fund them anymore. It all comes down to money.
Whoever it is well, it's not money, it's currency. Whoever controls the currency controls the world.
And talking about controlling currency, uh Make Europe Great Again has said here, "Rupert Lowe horrified as Labour waste 40 billion to refurb MPs' office."
Let's have a listen to this crap.
>> Rupert Lowe, please.
Well, well Chairman, I I have to confess I'm quite bemused about the whole thing and I I just want to ask a few questions. I know what stands behind I'm asking about costs, but I I think costs is pretty irrelevant at this stage. What I What I'd like to understand is is the objective of this exercise is it to Is it to basically do neces- Rupert Lowe, please.
>> Yes, so Rupert Lowe is absolutely horrified at the waste of 40 billion dollars to refurb MPs' offices. Like absolutely shocking. And literally some of the stories that I heard this weekend like uh literally, you know, um MPs being questioned and their replies just simply well, if we weren't wasting their tax money on things like HS2, we'd just simply find something else to waste it on anyway. The literally the entire government is corrupt. Literally, and talking about corruption, uh Kim Dotcom is it here breaking.
Palantir was allegedly hacked. An AI agent was used to gain super user access. And here's what the hackers allegedly found.
Peter Thiel and Alex Karp commit mass surveillance on world leaders and titans of industry on a massive scale. And what does that sound like? That sounds uh to me like um the line that Oh, crikey, what was his name?
Uh You know what? I might I might even just add that picture to the bottom here. Let me Let me Let me just see if I can find it. Yes, so Peter Thiel and Alex Karp commit mass surveillance on world leaders and titans of industry on a massive scale. They have thousands of hours of transcribed and searchable conversations of Donald Trump, JD JD Vance, and Elon Musk. They have backdoored the devices, cars, and jets of world leaders and accumulated the biggest archive of blackmail material.
Palantir is creating nuclear and bio weapon capabilities for Ukraine and is working closely with the CIA to defeat Russia. They believe they are 1 year away. They plan to achieve this by keeping Russia busy with meaningless peace negotiations. Palantir is responsible for the majority of Palestinian deaths in Gaza. They have developed the AI targeting for Israel.
Uh Palantir is an arm of the CIA and data for from international clients is copied into a CIA spy cloud. Palantir has become the most dangerous company in the world. If you work there, you have the right to know that this is what Palantir AI is used for without your knowledge. The Palantir data the hackers allegedly gathered will be given to Russia and or China.
I was chosen as a trusted partner for this publication. I'm not involved in a Palantir hack and I don't know the hackers. But I do know the hack happened.
And this sounds very similar to Woodrow Wilson when he said some of the biggest men in the United States in the field of commerce and manufacture are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive that they had better not speak above their breath when they speak in condemnation of it.
And this sounds exactly what we've just heard there. From that post from Kim Dotcom.
We're in serious trouble.
And one of the ways out of this is to make sure that we have a democracy. So let's read some of this.
Votary app verified results.
So voting results voting results secured on the world's fastest most efficient secure blockchain.
Quote here quote here from Major General Smedley D. Butler.
My main interest in all this is to preserve our democratic institutions. I want to retain the right to vote and the right to speak freely and the right to write.
If we maintain these basic principles, our democracy is safe. No no dictatorship can exist with suffrage, that's voting, freedom of speech and press. And he said that in 1934 after the failed coup d'etat attempt of the US government in 1933.
Uh the the ability to vote is the cornerstone of any democracy, making its voting mechanism the touchstone. Consequently, the subversion of election results is the goal of any attempted dictatorship.
This is why it's so important to have a secure voting mechanism in place. Votary App utilizes the virtues of the world's most secure, fastest, and efficient blockchain, making it the world's first truly democratized voting application.
What makes Votary App the world's first truly democratized voting app?
It's the provable integrity of the data that makes Votary App the world's first truly democratized voting app.
Data integrity can only uh I'll say be achieved on a network that doesn't have any central point of authority control or failure. This means that the central starting point of the network must be commoditized and the network itself go through a period of neutral organic growth. The original protocol and genuine Bitcoin network had its white paper officially released on the 31st of October 2008, but its network was not started until the 3rd of January 2009.
This categorized the started uh the starting point as being common and not securitized. Next, its network underwent a period of neutral organic growth from 3rd of January 2009 to the 1st of January 2020, providing an 11-year time frame of the diet for the dilution of any central starting point. After this time, the network could then be scaled to absorb all the world's internet traffic and applications like Votary App could be built to provide data integrity for voting mechanisms.
The blockchain that Votary App is built on uses a proof of work consensus mechanism, meaning that each node on the network is completely independent of the next, and therefore each node independently verifies the data it receives. Each and every bit of data received contains a digital signature that proves a transaction is valid. The signature can also be tracked and traced through a chain of digital signatures to prove the provenance of the data it received. This is absolutely essential and fundamental to proving the the integrity of data.
The network it runs on also has unbounded scale capacity, meaning near instant confirmation of any data. The network itself does not have any central point of authority control or failure, and therefore the only way to access and unlock its potential is to pay for services as to pay for the service in micro payments via the coin that is extracted from its native network.
Votary app ensures integrity of its data. Votary app utilizes a utilizes the security of the network's native token to secure its voting its voting results, and therefore ensuring the integrity of democratic elections.
Due to the scale of the network Votary app is built on, it has the potential to secure democratic elections all around the world. Indeed, it's had its first demonstration to the Portuguese government earlier this year in 2026.
There we go. That sounds pretty great.
That sounds pretty great.
Loving a bit of a Votary app there.
All right, let's get on to this then.
So, XRP loses 900 million as DTCC collateral fund triggers panic sell-off.
Well, hasn't lost too much.
Let's see what it says. The key takeaways: XRP holders realize 900 million dollars in weekly losses after misreading DTCC collateral list as a blacklist.
The DTCC lists are operational clearing tools, not exchange delisting directives. Traders are rotated into Stellar's XLM after misinterpreting a DTC Stellar partnership as a Ripple snub.
So, XRP holders realize the 900 million dollars in weekly losses, the worst single week figure since a 2022 as a 1.93 billion lost event after misreading DTCC's collateral eligibility lists as an institutional blacklist.
Quote here, "The collateral eligibility lists are internal plumbing for clearing and margin operations, not policy pronouncements about which tokens exchange should list."
Uh and and analysts analysis familiar with DTCC's operations said, "Oh, that's what we said." Uh the panic started when screenshots of DTCC's collateral list circulated on social media without context showing XRP absence from certain files. Influencer accounts amplified the narrative that XRP had been blacklisted pushing the token below $1.30. The sell-off accelerated after news of DTCC's partnership with Stellar Development Foundation. Traders read the two events as DTCC choosing Stellar over Ripple.
XLM trading volume spiked as retail rotated out of XRP. What a load of crap.
What an absolute [ __ ] show this is.
We're doing one last para- one last paragraph. The DTCC approach remains chain agnostic with its 2024 gray collateral experiment testing interoperability across multiple blockchain networks. The Stellar partnership targets tokenized assets going live in H1 2027.
One node in a broader multi-chain strategy, not a de- clar- de-clarification against XRP.
The episode underscores how quickly the de-contextualized operational documents can become market events in crypto with 900 million in losses stemming from a misread. What an absolute [ __ ] show that is.
Uh but talking about a misread, um let's just go back to what I have filled in here.
So, with these consensus mechanisms, I thought, "You know what? I'll just add a little bit more here in my own words."
So, proof of work. Proof of work consensus mechanism is an economically competitive way of decentralizing a network through economic competition.
Without competition, there is only collusion and centralization. Economic competition means each distributed component is completely independent from any others. Yeah.
Sounds solid.
Proof of stake. So, proof of stake is a way to distribute a centrally controlled system. Proof of stake does not require an ongoing economic opportunity cost in maintaining a stake, which makes it an ideal way for centrally controlled networks to defend themselves against points of attack. But, yeah. It's a um it's a way to distribute centrally controlled systems. But, that's it.
Centrally controlled.
Pre-mine. Pre-mine is a way for centrally controlled systems to maintain complete control since total economic power is created by the controlling entity prior to the network's inception.
So, that's what it means. Pre-mined. So, they've got all the economic power before they even start the network.
Absolutely ridiculous. So, it's for a way for centrally controlled systems to maintain complete control.
And ERC-20 tokens. Uh Ethereum request for comment 20 or RC-20 tokens are NFT tokens created on top of pre-existing native coins. Their purpose was, for example, to enable casinos to create their own in-house digital tokens without the need to develop and maintain their own blockchain network. Casinos could create digital gaming tokens for their customers. These tokens uh can also be used for digital arcades and other digital enterprises such as digital card games, etc. They only secure entitlement to the issue's described purpose.
And that's literally all they are. So, if anybody who's going through the list, they're just like, "All right. So, centralized, centralized, centralized, centralized, completely centralized, centralized, completely centralized, centralized. Oh, there's only a few proof of work." But, it it takes more than just proof of work.
You know, it It to be a fixed supply, common starting point, neutral growth, chain of signatures, log protocol, unbounded scale.
And we know there's only one protocol that's got that. The original protocol and genuine Bitcoin. Yeah, indeed. Yeah, indeed.
Uh all right then, let's get on with the figures in. So, um great coin at 73 73,620.
Oof.
Uh this is um MicroStrategy.
So, look at that. 73.
Ooh.
Look at all these purchases. Look at all up there, look. Talk about buying high and then having to sell low. Look at all these purchases, look. Confidence rising and then that's when it got to 120. They were like, "Yeah, yeah, we've made all the right decisions." You know.
Up we go, down we go, then up we go again, buying on the way up, buying on the way up.
>> [gasps] >> Dear, oh dear. And then crashing all the way back down. And then they started buying again.
Dear, oh dear. Dear, oh dear.
So, uh well, yeah, that that's about the strategy buying price, but they left to start selling their coins in order to pay the dividends to their you know, their uh shareholders.
Uh big crash.
$300. Oof.
That's taking a beating.
That's taking a real beating.
Let's have a look at that.
What's that down there?
Oh, that's that's at a drop-off.
Ooh.
What was the peak here?
477.
30 days. So, like in 3 months.
Yeah, yeah, look at that.
Down to 300.
That could that could drop to 200. Oh, jeez.
Oh.
Yeah, look at that.
650 odd. And now it's down to like a Oof.
What what was the What was the low today?
24-hour low, 298. Yeah, it dipped below 300.
Look at that.
Wow. Whoa.
Uh Fisher-Price Cash you guys Bitcoin is just $14 or $13.99 top left there.
Uh hash rate.02, network nodes.17, transactions are 70% and block size are 66%.
Let's have a look at the blocks coming through.
416 15, 617 20, and relatively a 72 megabyte block there.
It's all right.
Uh it's 21,000 times cheaper to transact on Bitcoin than G Max coin.
Oh, mining Bitcoin at just a a 1.6% comparable loss. There's nothing in it at all, really.
Let's have a look at the politics in the pie charts cuz that's where it is.
Global hash rate 7 days, 24 hours. Greg coin hash rate foundry USA pool 26.3, AntPool 22.2, uh B crash other mining pools 37.5.
Oof.
Oh, Kryptex is on there.
Uh 9.7 of uh B crash.
Uh Mining Dutch has jumped on Fisher-Price Cash.
Squeezing um LS Software DMCC.
Interesting. All right, we'll have to have a look at the mining on Bitcoin here. Mining stats.
So, we've got Coold at 27.2, Tao 23.5, Gorilla Pool 13.2, SA100 11.7 QD link 10.2 Mole pool 5.1 towel.com or towel terrano 2.9 Mining Dutch 2.9 Bit of sin 2.2 Cryptex is on there a little bit just 0.17 nothing at all really.
Uh let's have a look at the transactions there so just 1.3 million over the last 24 hours.
Or 1.4 Dashboard here 1.5 according to what's on chain.
Um overall chart then Oof.
Yeah look at that.
Uh Great coin taking a beating there.
Going from 77,000 down to uh oof 73.
That's crashed over the crashed over the weekend.
Um yeah Ethereum down.
Binance token up what a joke.
Uh keep an eye on the graphs on the right hand side as we scroll down.
And where is Bitcoin there we're number 79 crazy.
That's crazy.
Oof yeah 12 months $30 and it's now $14.
Oh my goodness.
>> [laughter] >> I remember when it got to $30 I was just like wow this might never get this low again and here we are literally $13 absolutely insane.
Absolutely insane. [laughter] Oh my goodness. Oh my goodness.
Uh but yeah so uh, not sweating like MicroStrategy is, but then again, it's the, uh, it's the investors.
Their clients that take all the risk.
You know, Michael Saylor really doesn't really got too much to, uh, sweat about.
He's just, you know, uh, disgruntled customers to deal with.
Uh, 365 days of Bitcoin history. So, today, oh, uh, it's 31st of May. Oh, nothing there.
But, yesterday, 30th of May, look at this.
Uh, so, in 2022, um, it was reported on 30th of May, 2022, that soldiers killed a 13-ft monster described from biblical times.
And this was in the Mirror.
Look at that.
30th of May, 2022, soldiers killed 13-ft monster descended from biblical times, YouTuber claims.
The giant of Kandahar, a 13-ft tall monster with red hair and six fingers, a six-finger, six-fingered hands, that lived in the mountains of Afghanistan, was killed and covered up by the US government. Like, I remember this. A British Army soldier from the third battalion, the Parachute Regiment, secures the helicopter landing strip. A 13-ft monster with red hair and hands, uh, with six fingers, uh, whose home was in the Afghan mountains, was allegedly killed, uh, was allegedly killed up and, uh, covered up by the US government.
That was the image of this thing.
Paul Dean Romero, but it would be be got rid of an entire US platoon before this one that went out, um, searching for them. It's crazy, crazy.
And this is a description of it.
>> We need to give kudos to Stephen Quayle because Stephen Quayle's the guy that broke the story, and Stephen's an incredible researcher, second to none, and he broke the story years ago, um, about a pilot who, uh, brought out a very, very large giant, at least 12-ft tall, 1,100 lb, and the pilot was on George Noory's show and and gave a testimony, and George Noory comes in, very exclusive one-on-one interview that we did for watches 10 and talks about this and he allowed us to use the actual exchange between George and and the pilot.
>> back in December of 2008 when >> Wow, fascinating times. There's a lot we don't know about this world. But anyway, we'll leave it there. That's a 27-minute show. As ever, be aware, take care, stay safe out there and we'll see you in the next one.
>> I understand.
>> Do you?
>> Do you? This is it.
I'm telling you this is it. The king still HAS [screaming] ONE MORE MOVE.
>> [music and bell]
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