Greetings Bitcoiner,

Welcome to Issue #355 of the Bitcoin Breakdown daily newsletter, where we’re rounding up the most talked-about developments in the Bitcoin-only space from the past weekend with our Quick Bits and Quick Media sections.

But first, today’s Top Stories:

• 🚮 OG Bitcoin Dev Slams Taproot as Spam Enabler

• 🇳🇵 Nepal's Youth Embrace Bitcoin as Government Crumbles

• 🚀 Bitcoin ETFs Flash $2.3B Bullish Signal as Fed Cut Looms

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Sep 15, 2025

TODAY’S TOP STORIES

🚮 OG Bitcoin Dev Slams Taproot as Spam Enabler

Bitcoin developer Jimmy Song has come out to blast the Taproot upgrade for creating a 'social attack surface' that enabled Ordinals and BRC-20 tokens to flood the network with spam. Song argues Taproot failed its privacy and efficiency promises while making multi-signature setups worse. The criticism highlights Bitcoin's growing ideological divide between Core and Knots proponents as they battle over whether to embrace or limit nonfinancial transactions on the network, with many of the nuances falling by the wayside as influencers try to one-up each other with mostly uncharitable, puerile gotchas on social media. 🤡 Atlas 21

🇳🇵 Nepal's Youth Embrace Bitcoin as Government Crumbles

Nepal's government collapsed amid massive protests, but a ban on Bitcoin and crypto couldn't stop citizens from turning to Bitcoin and USDT during the chaos. Despite official prohibition since 2022, over 1.4M Nepalis already own digital assets. Young protesters have been using BTC for remittances and USDT as a parallel currency when banks closed and social media was banned. The uprising once again shows how borderless money flows even when traditional systems fail, thanks to the discovery of Bitcoin. The Street

🚀 Bitcoin ETFs Flash $2.3B Bullish Signal as Fed Cut Looms

Investors pumped $2.3B into Bitcoin ETFs over just 5 days as markets anticipate a Federal Reserve rate cut on September 17th - the biggest weekly inflow in 2 months. Fidelity and BlackRock led the surge, with institutional participation driving daily volumes above $3.9B. Lower rates typically boost liquidity and risk appetite, making Bitcoin more attractive. With 105 of 107 economists expecting a 25 basis point cut, institutions are treating Bitcoin as both a speculative and strategic allocation. Bitcoin News

POLL #355

PREVIOUS POLL RESULTS

QUICK BITS

• BitcoinBuddha, a Bitcoin Core proponent, backtracks on a claim going viral over the weekend where they disputed the validity of Bitcoin Knots nodes implying they're mostly fake cloud instances, now clarifying that Asmap data may inaccurately represent real nodes.

• Blockstream warns users about phishing emails mimicking Jade wallet firmware updates that redirect to malicious sites designed to steal users' sats.

• ModStealer malware targets wallets across macOS, Windows, and Linux through fake job recruitment ads, emphasizing hardware wallet use and endpoint security.

• RocoMamas, a South African restaurant chain, now accepts Bitcoin payments through a Zapper integration with MoneyBadger App for instant Lightning transactions.

• Thailand freezes 3M bank accounts in an anti-scam crackdown, affecting innocent citizens and businesses while sparking debate about Bitcoin as a safer alternative to traditional banking.

• Monero experiences its largest blockchain reorganization in its 12-year history, erasing 18 blocks and 36 minutes of transaction data amid concerns over Qubic mining pool's selfish mining tactics.

• Bitcoin whale who swapped $4B in BTC for Ether resumes selling, depositing 1,176 BTC worth $136M into Hyperliquid exchange over the weekend.

• Pakistan invites global exchanges and service providers to apply for operating licenses under strict compliance standards.

• Capital Group, a 94-year-old investment giant, transforms $1B Bitcoin treasury bet into $6B through strategic holdings in Strategy and Metaplanet.

• Kitboga, a scam-baiter and prankster, exposes a crypto recovery scammer who panicked after losing $7M BTC in an elaborate sting operation that turned the fraudster's own tactics against him.

• Smarter Web Company, the UK's largest corporate Bitcoin holder with 2,470 BTC worth nearly $275M, considers acquiring struggling competitors at discounted prices while CEO Andrew Webley targets FTSE 100 status.

• Ethereum fails to reclaim 0.05 ETH/BTC ratio, a level it hasn't touched for over a year now, despite institutional adoption driving its USD price to new all-time highs.

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QUICK MEDIA

• Super Testnet, a funny Bitcoin developer, publishes a H!tler 'Downfall' parody version of Bitcoin core developers getting frustrated about the adoption of the Bitcoin Knots implementation (Sep 11 | 3:49 min watch).

• Matthew Kratter of Bitcoin University celebrates Bitcoin Knots nodes reaching over 21% of the Bitcoin network, positioning the shift away from Bitcoin Core as beneficial for Bitcoin's integrity and encouraging viewers to run Knots nodes themselves (Sep 12 | 4:43 min watch). 

• BTC Sessions discusses Bull Bitcoin CEO Francis Pouliot’s warning for Bitcoin users about potential US government regulations applying Patriot Act provisions to digital assets, which seek to criminalize privacy tools like coinjoins and require transaction reporting (Sep 13 | 14:54 min watch). 

• Saifedean Ammous, author of 'The Bitcoin Standard', examines the question of whether Bitcoin can survive apocalyptic scenarios, arguing that such a scenario is already happening in Palestinian regions devastated by the Israeli government (Sep 14 | 1:28 min watch). 

• Guy Swann of Bitcoin Audible makes the case for Bitcoin to potentially reach $100T in market cap within 15 years, positioning it as the perfect solution to the global debt crisis, as it can serve as an ideal collateral that cannot be manipulated or devalued like traditional assets (Sep 13 | 7:59 min watch). 

• Brandon Quittem of Swan Bitcoin, in an interview with BTC Sessions, explores Neil Howe's Fourth Turning theory which suggests America operates in predictable 80-90 year cycles, arguing we're currently in a crisis period that historically ends in total war but requires a major catalyst to mobilize society (Sep 14 | 16:34 min watch).

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