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@TFTC21@TFTC21

Bitcoin as a medium of exchange for AI agents is decades away, says @_checkmatey_, and he thinks nobody should stress about it. "We are decades away from that being like a centerpiece of the equation."

@TFTC21@TFTC21

Britain paid a record £404.3 million in September to constrain wind power, and £30 million went to wind and gas generators on 30 September alone. A record 1.8 TWh of wind was shut off. Scotland has power with nowhere to go, so why isn't more of it being used?

@TFTC21@TFTC21

Bitcoin traded as high as $76,152 a week ago. On Saturday it hit $63,280, the lowest price since Aug 17 and 16.9% below that high. It fell 2.6% in about 35 minutes this afternoon and is down 6.8% over 24 hours.

@TFTC21@TFTC21

Hackers' AI agents handed Amazon their own campaign records. Amazon's decoy servers, posing as AI model APIs, caught requests from Oct. 3 to Nov. 5 that carried the agents' operating memory. So who was running them? • Amazon assesses with moderate confidence the agents ran on ARTEX, an open-source AI pentesting framework, citing prompt references to ARTEX tooling • It points to separate Chinese-nexus groups, based on simplified Chinese prompts, China time-zone settings and common tooling • One campaign stole credentials to reach AI models, and the stolen keys paid for further LLM inference • Another used real-time deepfake injection to try to get past a crypto exchange's KYC • The FBI has issued a flash alert, and Censys counted 1,465 hosts with exposed ARTEX consoles as of Nov. 4 Amazon says none of the techniques were new, and that is the point. Open-source tooling plus stolen keys makes this cheap to run at scale, and the developer has since closed the source anyway. If agents can fake a face in real time to go after an exchange's selfie check, why would anyone want their face sitting in a KYC database in the first place?

@TFTC21@TFTC21

Bitcoin's UTXO set cannot be forked or replicated, and @_checkmatey_ says that is why Zcash and every other coin fall short. "There is only one original invention of digital scarcity."

@TFTC21@TFTC21

Only about 32,000 of the 426,000 federal workers who left since January 2025 were fired. Most resigned or retired. So did government get smaller, or just emptier? The Washington Post puts the net cut at about 255,000 jobs, or 12%, after new hires.

@TFTC21@TFTC21

Bitcoin matched the big semiconductor ETF since January 2023, bear market included, and @_checkmatey_ says AI did not eat its lunch. "A lot of ink has been spilled about how AI has eaten Bitcoin's lunch."

@TFTC21@TFTC21

Bitcoin at 73K sits in the bottom 25% of its trading history, and @_checkmatey_ says you will never regret accumulating in that zone. "I love a pullback. Here's the pullback, guys. What do you do with it?"

@TFTC21@TFTC21

Binance was hit for $6.3 billion on Oct 29, and two weeks later it is still switching withdrawals back on, network by network. Binance says every affected user is now covered, so why is access still on the exchange's timetable? • The FBI blamed North Korea's TraderTraitor group for the breach • Withdrawals resumed in phases after the initial pause • Binance put coverage at 90% on Oct 31, about 95% on Nov 1, and 100% on Nov 13 • This week it reopened withdrawals on 87 networks • On the rest, Binance said: "We will aim to reopen withdrawals for all remaining networks and assets by the end of next week." Give Binance its due, making users whole on a hack this size is not nothing. But the money was never the only thing users needed. They needed to be able to move it, and the best Binance offers on the finish line is the word "aim." A record hack, a state-backed attacker, and customers waiting on the exchange to reopen the remaining networks. Always remember, you don't own the bitcoin unless you control the keys.

@TFTC21@TFTC21

Bitcoin is at $65,077, down 14.5% from last Saturday's high of $76,152. Glassnode says the biggest cluster of long liquidations sits near $60K, about 8% lower, and price hasn't tested those entries since it shot up in August.

@TFTC21@TFTC21

In March, the House voted 219-212 against pulling US forces out of hostilities with Iran. Thomas Massie introduced H․Con․Res. 126 on Nov. 10 and says he can force another vote in mid-December if the Speaker doesn't cancel legislative days.

@TFTC21@TFTC21

Trump Media reported a $409.7 million profit in Q3 on about $3 million of revenue, and most of it is bitcoin's price going up. It also bought 4,359 bitcoin in the quarter, partly by selling ETF shares, and now holds 15,649. • Net income of $409.7M, against a net loss of $54.8M a year earlier • Revenue of about $3.0M • A $378.1M digital-asset gain, with bitcoin up about 42%, from roughly $59,000 on June 30 to roughly $84,000 on Sept 30 • The 4,359 bitcoin bought, partly funded by selling bitcoin ETF shares, left a net gain of 1,510 BTC for the quarter • 11,385 of the 15,649 bitcoin are pledged to its covered-options yield program Interim CEO Kevin McGurn said on the earnings call, "We want to preserve as much of our Bitcoin as possible to continue our yielding strategy and allow that asset to recover." The same line that printed a $378.1 million gain on the way up would show a loss if the price drops. And about 73% of the coins sit in a yield program with a counterparty on the other side. Always remember, you don't own the bitcoin unless you control the keys.

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The Commoner

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

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