Max Guise designs time-locked Bitcoin vaults to stop wrench attacks

Protocol (4)

• Tether provided Strike with a $2.1 billion credit facility to finance growth in Bitcoin-backed credit products, aiming to meet any demand for loans or lines of credit.
• Mallers's co-founders proposed merging Strike and Tether's mining business, Electron, into 21.co, aiming to create a company with both financial distribution and Bitcoin production.
• Mallers positions crypto exchanges like Binance, Coinbase, and Robinhood as high-operating-income but low-Bitcoin-conviction businesses, citing Coinbase's $10 billion fiat versus $1 billion Bitcoin balance sheet.
• Mallers cites Jim Chanos's analysis showing Robinhood customers lost 5% in February versus a 0.9% S&P 500 drop, framing it as evidence Robinhood promotes hyper-speculation not conviction.

BTC Markets (2)

• Mallers positions Bitcoin treasury companies like MicroStrategy and Metaplanet as high-conviction but low-operating-income businesses, focused on capital markets not product-building.
• Mallers defines his ideal Bitcoin company as high-conviction and high-operating-income, with a financial services arm, physical Bitcoin infrastructure, capital markets leverage, and strategic M&A.

Mining (1)

• Electron, Tether's mining business, has 50 exahash of capacity representing roughly 5% of the Bitcoin network, built for both economic profit and philosophical network protection.

Politics (14)

• Tucker Carlson recalls a Trump rally where supporters held signs saying 'mass deportations now'. He argues enforcing immigration law is a population's democratic right, in contrast to citizens being punished for obscure domestic regulations.
• Tucker Carlson suggests neoconservative support for Israel is incompatible with defending American interests. He argues you can only have one core loyalty, and serving Israel leads to contempt for the US population.
• Tucker Carlson criticizes continued H-1B immigration, with 70% from India, at a time when tech leaders warn AI will eliminate half of all American jobs. He argues importing labor into a shrinking job market is an act of hostility towards American citizens.
• Tucker Carlson points to FDR's Civilian Conservation Corps as an example of mobilizing unemployed people during crisis. He contrasts this with current leaders who he says are profiting from AI and stoking public fear without offering solutions.
• Tucker Carlson connects the response to COVID-19 vaccines to elite hostility, citing reports of deaths, heart attacks in children, infertility, and a rise in pancreatic cancer. He notes public health officials have not studied the vaccine's effects.
• Marjorie Taylor Greene says politicians support policies like gender-affirming care for minors, AI in cars, and warrantless spying because they are bought by powerful industries and lobbyists, not due to ideology.
• Marjorie Taylor Greene states that Mike Lawler and similar Republicans are completely beholden to pro-Israel donors. She claims this donor class controls Washington and funds candidates on both sides.
• Marjorie Taylor Greene asserts that to become president, one must make a deal to support Israel. She believes Donald Trump made this deal, explaining his shift to near-total servitude to Netanyahu's demands.
• Tucker Carlson identifies a contradiction: neocons insist Israel has a right to be a Jewish ethno-state while working to prevent the US or European nations from having any ethnic majority. He calls this a central, unexplained goal.
• Marjorie Taylor Greene explains that open border policies create a huge industry of NGOs, charities, and lawyers dependent on government contracts and grants. She argues this industry weakens the country by changing its demographic and political trajectory.
• Tucker Carlson cites a 2017 Bill Kristol video where Kristol called white working-class Americans 'decadent, lazy, spoiled' and advocated replacing them with hard-working immigrants. Carlson interprets this as revealing elite contempt for Americans.
• Tucker Carlson highlights a recent House vote where 10 Republicans joined Democrats to extend Temporary Protected Status for approximately 350,000 Haitians. He lists the Republicans who voted for it, noting they are also fervent Israel supporters.
• Marjorie Taylor Greene says only six members of Congress, including herself and Thomas Massie, voted for her amendment to defund Israel last year. She uses this to illustrate the overwhelming congressional allegiance to Israel.
• Tucker Carlson notes a bill sponsored by Josh Gottheimer and Mike Lawler aims to compel tech companies to ban criticism of Israel under the IHRA definition of anti-Semitism. He frames this as impending censorship supported by the administration.

Protocol (2)

• Max Guise says Block operates with an 'everyday matters' urgency, leveraging AI tools and connecting its ecosystem to make Bitcoin secure, accessible, and usable as everyday money.
• BitKey implemented Chain Code Delegation, proposed as BIP89, to allow users to benefit from a third key held by Block's servers without the privacy trade-off of the server knowing wallet balances and history.