The Commoner
100 Million Humble Sat Stackers
Many people have lost sight of why Bitcoin matters. We need 100 million humble sat stackers - individuals saving 0-00 per paycheck in bitcoin, building real, sustainable demand thr…
7 min read
TFTC / Marty Bent
The Commoner
Truth for the Commoner, every weekday. Money, machines, and the people trying to control both.
Marty Bent's free weekday newsletter from TFTC, since 2017. Money, markets, AI, energy, and privacy.
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1,509 posts
The Commoner
Most of What AI Produces Is Invisible to the Economy That Paid for It.
SemiAnalysis coined 'Dark Output': real AI economic value that GDP cannot see. $1.5T in exposed labor. Junior workers vanishing from data while wages rise. The incoming Fed Chair a…
10 min read
The Commoner
Google Trained the Two Best AI Models on Its Own Chips. The AI Chip Landscape Is Fragmenting.
Gemini 3 and Claude Opus 4.5 were trained on Google TPUs, not NVIDIA. Anthropic building 1+ GW of TPU capacity. Meta wants in. More competition means faster, cheaper AI for everyon…
7 min read
The Commoner
Jordi Visser: We Will Have a Crash. Here Is What He Is Doing About It.
Visser frames AI as a $90T buildout, not a bubble. 97% of returns from AI sectors. His scarcity portfolio: silver, copper, Bitcoin. Plus Cube, BIP324, Hormuz mines.
6 min read
The Commoner
The Energy Shock Is Not a Spike. It Is a Structural Repricing of the Global Economy.
Asian LNG surged 97%. Refineries cut 6M bbl/day. The IEA calls Hormuz the greatest threat to global energy security in history. Two central banks are hiking into it.
7 min read
The Commoner
The $300 Drone That Ended the Tank Era
Hezbollah's $300 FPV drones are destroying Israeli tanks and air defenses. Israel approved $700M to counter the threat. Russia plans 7 million this year. Plus: Vista's private cred…
9 min read
The Commoner
Lightning + Ark: The Scaling Stack Bitcoin Was Missing
At bitcoin++ Vienna, Rene Pickhardt argued Lightning and Ark are complementary layers, not competitors. Plus peak apathy on-chain, NYC property seizure plans, and a Las Vegas biola…
8 min read
The Commoner
A Man Was Certified 'Insane' on a Canadian Sidewalk With No Evaluation. This Is the World Permissionless Money Was Built For.
A viral video shows Canadian police involuntarily committing a man under the Mental Health Act with no formal evaluation. From Canada's pre-crime speech laws to the UK's 292 Online…
12 min read
The Commoner
Congress Wants to Buy 1 Million Bitcoin with Gold Certificate Gains. The ARMA Bill Is the Most Technically Detailed Reserve Legislation Ever.
The American Reserve Modernization Act would authorize the Treasury to buy 200K BTC/year for 5 years, funded by revaluing gold certificates from $42.22 to market price. Plus: Nvidi…
7 min read
The Commoner
AI Is Not Hiking Your Electricity Bill. The AI Industry Has a Lot to Learn From Bitcoin Miners.
AI data centers aren't raising your electricity bill. State policy is. Bitcoin miners spent a decade learning community lessons AI companies need now. Plus: Turkey dumps $14B in Tr…
9 min read
The Commoner
The Sovereign Debt Spiral Is Here. Bitcoin at $76K Has Never Been Cheaper on a Risk-Adjusted Basis.
US 10-year at 4.66%, 30-year at 5.18%, Japan breaking down. The sovereign debt crisis is here. Bitcoin at $76K is the buy of a lifetime.
7 min read
The Commoner
Iran Launches Bitcoin-Settled Maritime Insurance for the Strait of Hormuz
Iran launched 'Hormuz Safe,' a state-backed maritime insurance platform settling in Bitcoin. Meanwhile, the US 30-year yield hit 5.16%, Japan's 10Y broke 2.80%, and Ken Griffin adm…
9 min read
The Commoner
Japan's Bond Market Breaks as 30-Year Yield Hits 4% for the First Time
Japan's 30-year bond yield breached 4% for the first time ever. The 10-year hit levels not seen since 1997. Warsh takes the Fed chair today. Australia rugs Bitcoin capital gains. S…
9 min read
The Commoner
Sovereign Debt Markets Are Screaming. Is Anyone Listening?
Global money supply reaches record $121.9 trillion, growing 7-8% per year. US interest expense at $1.27T. 30-year yield hits 5% for the first time since 2007.
10 min read
The Commoner
Cops, Bankers, and Prosecutors Are Coming for Bitcoin Developers
The CLARITY Act markup is Thursday. The FOP, a former AG, banking lobbyists, and 100+ Senate amendments are all targeting Section 604, the provision protecting open-source develope…
8 min read
The Commoner
The CLARITY Act's Developer Protection Has a Trojan Horse
Section 604 of the CLARITY Act promises developer safe harbor from money transmitter laws. But subsection (d) preserves the exact criminal statute that put Samourai Wallet's Keonne…
9 min read
The Commoner
750,000 Bitcoin Sold by Individuals. The ETFs Didn't Flinch.
Balchunas data: individuals sold 750K BTC in 16 months while ETFs shed only 8% through a 50% drawdown. Goldman and BlackRock filing Bitcoin income ETFs. The brokerage fee war begin…
7 min read
The Commoner
Hantavirus, Ivermectin, and the Refusal to Learn
Three dead on a quarantined cruise ship. 40% fatality rate. Zero approved treatments. A Nobel Prize-winning drug with documented antiviral properties sits unused. Plus: US-Iran dea…
11 min read
The Commoner
The Global Bond Rout: When Every Central Bank Pivots at Once
UK 30yr gilts hit 5.78%, highest since 1998, 80bps above Truss crisis. Global sovereign bonds reprice as central banks pivot from cuts to hikes. Energy shock from Hormuz forces inf…
8 min read
The Commoner
The OPEC Defection: UAE Walks, Hormuz Burns, and the Energy Map Gets Redrawn
UAE exits OPEC as Trump's Project Freedom triggers direct combat at Hormuz. Brent hits $114. Meanwhile, bitcoin positioning is the lightest in months, private credit cracks at 78 c…
9 min read
