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The Commoner by Marty Bent. Money, markets, AI, energy and privacy, every weekday.

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@TFTC21@TFTC21

Bitcoin's maintainers are burning out, and the companies that benefit from their work should be the ones paying for it. Calle put it plainly: "I know multiple people who basically quit working on Bitcoin because of how stressful it is to maintain software that handles money nowadays." @MartyBent has seen the stress around AI-enabled vulnerability discovery and exploitation himself. Maintaining software that handles other people's money was already a serious responsibility. Companies that benefit from Bitcoin should help pay the people maintaining it. Fund security audits and independent code review. Support developers on critical parts of the stack so they aren't wondering how to pay their bills. @callebtc also asked: "Do we just accept fiat as the end game?" Bitcoin is here to separate money from state and bring money back to the market. Meanwhile a surveillance architecture is going up around data and finances. The Financial Action Task Force, the Bank for International Settlements and the Federal Reserve have different mandates, but none of them should get to decide the common man has no alternative. You don't have to maintain Bitcoin Core to help. Build a better wallet, teach someone self-custody, back a developer. The people holding the line for individual freedom need support, not just thanks.

@TFTC21@TFTC21

Password manager mSecure tells current and former customers to immediately secure everything stored in it. That means passwords, two-factor authentication and passkeys. Its maker, mSeven Software, says it "recently learned of suspicious activity" tied to the app and has brought in outside cybersecurity experts. The notice does not say what happened, how many users are affected or whether any vaults were accessed. The warning lands after Germany's cyber agency BSI found in December 2025 that mSecure's maker could, in theory, access the data users store in it.

@TFTC21@TFTC21

Binance says hackers used a fake job interview to breach an engineer's computer, then used an internal AI tool to take over two wallet developers' systems. The result: $6.3 billion stolen on October 29.

@TFTC21@TFTC21

"Bitcoin is worse, is better, it's simple, it's stupid." @MartyBent and @JohnArnoldTen31 on Bitcoin's small attack surface.

@TFTC21@TFTC21

Liquid Federation says bitcoin reserves are fully restored, with 1:1 BTC backing back in place for all LBTC. In its update, the Federation said it is "pleased to announce that the network's bitcoin reserves have been fully restored, reestablishing 1:1 BTC backing for all LBTC." BTC<>LBTC swaps came back several weeks ago. Users can move between Bitcoin and Liquid at a 1:1 rate through participating swap providers. The reserves are verifiable. Users running their own Liquid nodes can check the Proof of Reserves directly.

@TFTC21@TFTC21

"The market is getting antsy about the mystery box." @JohnArnoldTen31 on Red October and the AI trade.

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The Commoner

Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.

Independent writing by Marty Bent at TFTC since 2017. Money, markets, AI, energy and privacy, delivered free to your inbox.

Free, every weekday. Unsubscribe anytime using the link in each newsletter. By subscribing you agree to our Terms and acknowledge our Privacy Policy. Read recent issues.