Bitcoiners weighing liquidity versus taxes face a clear tradeoff, according to Satoshi Pacioli Accounting. The firm outlines two use cases for loans: accessing dollars without selling and employing leverage to buy more Bitcoin (while warning of liquidation if prices fall, double-digit interest costs, custodian failure, KYC exposure, and shifting rules). Typical loans are over-collateralized at conservative LTVs with rates from providers like Strike, Unchained, and Onramp “above 10%.” Lending case studies underscore that 2021-style drawdowns can wipe collateral. Satoshi Pacioli adds: “Borrowing against your Bitcoin is a powerful tool, but it’s not without its dangers,” the author sees HODLers, tax-sensitive investors, estates seeking step-up basis, profitable small businesses, and risk-takers as the best candidates. As the bitcoin industry matures, expect safer custody, tighter rehypothecation controls, and clearer lending standards, which all expand options while reinforcing a core principle: custody, cash flow, and risk management determine lending resilience.
-EDITOR·OP_DAILY SHARE TO X
Stablecoins function as global, open-loop “push” payments that clear instantly and finally across public blockchains, argues Nic Carter. Unlike card or ACH systems, they’re bearer-style, programmable, and interoperable, with “permissioned pseudonymity” that mirrors cash while allowing issuers to “freeze and seize” in edge cases. Carter contrasts stablecoins with Visa Direct/Mastercard Send, PIX/UPI, wires, and remitters, concluding they map to none cleanly: “Stablecoins aren’t ‘room-temperature super conductors for finance’… They are more akin to ‘Starlink for finance’.” He dubs them the “platypus of payments,” enabling retail and institutions to share one flat network settling ~40 million daily transfers and ~$25B in value. Carter expects scale in the trillions settled daily as developers exploit low fixed costs to ship non-custodial wallets and programmable commerce. For Bitcoiners, the takeaway is clear: dollar rails are being rebuilt atop blockchains, complementing BTC while widening digital-asset on-ramps.
-EDITOR·OP_DAILY SHARE TO X
A team led by Professor Zhou Jianying at the Singapore University of Technology and Design has unveiled a new pooled-mining attack vector, Infiltrated Selfish Mining (ISM), which overturns assumptions about Bitcoin’s economic security. Unlike earlier block withholding schemes that left rivals mutually worse off, ISM enables attackers to withhold “infiltration blocks” and secretly mine atop them, guaranteeing a one-block lead before publishing. This allows attackers to capture both private and shared rewards, yielding up to 1.52 times more gain than prior attacks and establishing for the first time a Nash equilibrium in which multiple pools profit simultaneously. Zhou called it “a significant breakthrough” that could attract even smaller pools to attack the network, eroding trust and accelerating centralization pressures. Proposed countermeasures include requiring miner deposits and enhanced stale-block detection, as researchers warn AI-driven tuning could sharpen ISM, pressing the digital asset industry toward stronger pool-level safeguards.
-EDITOR·OP_DAILY SHARE TO X
Mark E. Jeftovic argues in Bombthrower that Central Bank Digital Currencies are quietly being rebranded as “Digital ID,” warning they could evolve into social-credit-like systems. While an executive order in the U.S. formally ruled out CBDCs, Jeftovic highlights how Treasury’s recent request for comment on digital identity in decentralized finance echoes the same goals. The agency seeks input on APIs, AI, and blockchain monitoring for compliance, alongside “portable digital identity credentials” to verify users before smart contracts execute. He links this to a Bank for International Settlements proposal for wallet-level AML “compliance scores,” effectively rating crypto addresses by transaction history. “It basically sounds like a social credit score, for crypto wallets,” Jeftovic writes. He predicts on- and off-ramps will face strict KYC, while capital increasingly flows one-way into the digital asset economy, cementing Bitcoin’s role as an escape valve.
-EDITOR·OP_DAILY SHARE TO X
