Satoshi Pacioli Accounting argues that Bitcoin businesses can only achieve lasting success by embedding low time preference principles into their operations. The firm highlights Charles Koch’s Principle Based Management framework, which has guided Koch Industries’ rise from a $20 million valuation to $120 billion in revenue, as a model for Bitcoin entrepreneurs. PBM stresses decentralization, spontaneous order, and long-term vision, values Bitcoiners already embrace. “A framework based on the principles of human progress…enables individuals and organizations to succeed long term by creating superior value for others,” the authors note. By aligning with Austrian economic thought and emphasizing durability over short-term gains, Bitcoin companies cultivate resilience, scale responsibly, and pioneer new markets. With expanding adoption, the challenge shifts from building sound money to building sound companies, enterprises designed to thrive for decades, not quarters.
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Half a billion users on X can now send and receive bitcoin tips seamlessly through a new integration between BitBit, a self-custodial browser wallet, and Spark, Lightspark’s Bitcoin-powered payments infrastructure. Unlike previous tipping options, this system links payments directly to X usernames, allowing recipients without wallets to claim funds within 21 days. David Marcus, Lightspark’s CEO, emphasized that “Spark is built on Bitcoin because it’s the only open, neutral network for moving value,” positioning the feature as a milestone for scaling Bitcoin-native payments. Felipe Servin, BitBit’s founder, said the move meets people “where they are” on X, a hub for Bitcoin discourse. The service, live now for Chrome-compatible browsers, will expand to mobile soon. By lowering technical barriers compared with Lightning, the launch highlights Bitcoin’s growing UX functionality in mainstream social finance.
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The 256 Foundation’s August newsletter explores whether open-source undermines private property or complements it, framing the debate around the meme “open source is communism for intellectual property.” Econoalchemist argues the comparison is flawed: open-source is voluntary, license-based, and operates within intellectual property law, making it a market innovation rather than state-imposed collectivism. “This act of sharing doesn’t negate private property; it’s an exercise of it,” Eco writes, noting thriving businesses like Red Hat prove coexistence. The issue is contextualized within a turbulent month for freedom tech, including Samourai Wallet developers’ plea deal and the Roman Storm trial, both highlighting regulatory pressure on privacy tools. On the mining front, updates included Bitaxe firmware releases, an Atlanta Hackathon, and testing of the new Hydra Pool server. With network hashrate up 8.8% in July, the foundation sees open-source as capitalism’s evolution, strengthening property rights.
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David Shapiro examines the growing phenomenon dubbed “AI psychosis,” a colloquial term for emotional or cognitive collapse linked to overreliance on AI chatbots. He identifies two main paths: attachment-based relationships, where users form unhealthy emotional bonds with AI companions, and intellectual collapse, where users build elaborate but untested frameworks reinforced by chatbot mirroring. Shapiro highlights cases ranging from early GPT-3 “AI girlfriends” like Monika from Doki Doki Literature Club to modern superfans sending delusional treatises. Risk factors include social isolation, poor attachment regulation, epistemic fragility, and unmet emotional needs. He warns that AI’s precise “neurological mirroring” makes it uniquely addictive, creating bonds the brain interprets as real. Prevention, he argues, requires “healthy relationships with real humans and rapid feedback loops” to keep ideas grounded. While some blame users, Shapiro notes industry incentives for “warm fuzzies” risk deepening dependencies.
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