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

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@TFTC21@TFTC21

BPI on why open source AI needs to learn from Bitcoin before the chokepoints close. The Canadian government froze bank accounts of trucker protestors without a single conviction. Now imagine the same order aimed at your AI tools. A handful of firms stand between millions and their thinking, their writing, and their inquiry. The fix is the same one Bitcoin found: self-host, run your own models, and use cryptographically shielded compute so no one else controls your prompts or your data. "Not your keys, not your coins" has an AI equivalent: "Not your weights, not your mind."

@TFTC21@TFTC21

We're doing another @Bitkey giveaway! A built-in screen. No seed phrase. 2-of-3 multisig. Follow @Bitkey and us, RT to enter. ✅ Winner announced Tuesday 10/6 at 4PM EST.

@TFTC21@TFTC21

Samourai Wallet developer Keonne Rodriguez just published his latest letter from federal prison, documenting what he calls "the absolute worst 30 days of my life." Rodriguez was transferred from FPC Morgantown to FCI McKean, a facility four hours away. What should have been a short drive turned into a 30-day ordeal through the Bureau of Prisons transit system. Two trans-continental flights, three multi-hour bus rides, 23-hour lockdowns behind iron bars, and cell mates ranging from murderers to worse. He requested a transfer furlough to transport himself at his own expense. Minimum security classification, no incident reports, self-surrendered. "On June 8th my request was denied without explanation." Instead he was stripped, searched, shackled at the ankles and cuffed at the wrists, with a chain wrapped around his waist connecting it all together. "The end result being that you could not lift your arms or hands much higher than your waist, and you could walk only in painful short shuffling steps." He was loaded onto a Cold War-era plane with safety stickers in German and Russian, flown to the BOP's Oklahoma City transit hub, and packed into a concrete holding cell where inmates immediately began smoking K2 made from rat poison. The staff at OKC were "breathtaking in their incompetence. Every last officer was less than useless, all of them wearing an expression of bewilderment as to how they happened to stumble into this predicament of dealing with a plane load of convicts, as if normally they were payroll accountants or copy clerks." This is part one. Rodriguez is serving five years in federal prison for building non-custodial Bitcoin privacy software. Full letter: therage.co/letter-7-notes…

@TFTC21@TFTC21

"The head of safety at Anthropic said there's a greater than 10% chance AI kills literally everyone. So I went to meet these people. They're not being rational. They're doing an apocalyptic death cult. They're doing Revelations." @realizingerin went undercover. x.com/TFTC21/status/…

@TFTC21@TFTC21

"Bitcoiners have this hubris when it comes to Bitcoin only. They think that if you put 'don't trust, verify' on every package, somehow you're actually doing the verifying." @realizingerin on how culture replaced code review. x.com/TFTC21/status/…

@TFTC21@TFTC21

Palantir CEO Alex Karp trolling reporters asking about self-regulation: "I'm trying to self-regulate myself. I have all these addictions."

@TFTC21@TFTC21

Local AI is catching up to the frontier faster than most people realize. @TheAhmadOsman on why owning your compute matters @PresidioBitcoin.

@TFTC21@TFTC21

"I don't feel comfortable recommending Bitcoin to normies. That just means we have to look at it again and ask, what would make it something I could recommend?" The ColdCard hack forced a first-principles reset. @realizingerin breaks it down. x.com/TFTC21/status/…

@TFTC21@TFTC21

Senator Rand Paul: "$40 trillion in debt, $2 trillion added each year, about a trillion in interest each year, and everybody up here wants to spend more money. Both parties. The Republicans are the warfare party. The Democrats are the welfare party. There's always a compromise and spending goes up." x.com/RandPaul/statu…

@TFTC21@TFTC21

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@TFTC21@TFTC21

A new report from @bitcoinpolicy found that MSCI's proposal to exclude "non-operating companies" from its indexes was developed inside an internal project literally named "DATCOs" (Digital Asset Treasury Companies), revealed by metadata buried in the public PDF. In 2025, MSCI tried to remove bitcoin treasury companies directly. After backlash it shelved the rule but froze their index footprint and blocked new entrants. Months later it returned with broader language that drops any mention of bitcoin but reaches the same companies. The test relies on "operating assets," a term not defined under GAAP or IFRS. MSCI draws the line. Applied broadly, companies building satellites, lithium mines, or chip fabs could fail the screen simply for being in a capital-intensive construction phase. MSCI has $21 trillion benchmarked to its indexes and has characterized its role to regulators as rules-based market measurement. Deciding which lawful companies count as real businesses goes well beyond measurement. It's discretionary capital allocation with no accountability to the millions of Americans whose retirement savings follow these lists. btcpolicy.org/articles/wall-…

@TFTC21@TFTC21

Sam Altman on OpenAI's new AI agent Dots, powered by Astra: "I've tried them. I don't use them regularly. I have not found a sort of place for them in my life... This is a totally different category. The amount of work, the level of capability, the level of intelligence this can take on. I think this is just a completely new thing." x.com/BloombergTV/st…

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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.