Greetings Bitcoiner,

Welcome to Issue #369 of the daily Bitcoin Breakdown, where we have some excellent Opinion & Analysis pieces and Tools & Projects for you today!

But first, today’s Top Stories:

• 💸 US Softens Bitcoin Tax Rules

• 🇸🇪 Sweden Eyes Joining the Bitcoin Reserve Race

• 🏴‍☠️ UK Eyes Pocketting $7B Bitcoin Windfall from Chinese Fraud

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Oct 2, 2025

TODAY’S TOP STORIES

💸 US Softens Bitcoin Tax Rules

The US Treasury clarified that unrealized Bitcoin gains won't face Corporate Alternative Minimum Tax, saving companies like Strategy from potentially billions in phantom tax bills. The ruling levels the playing field with stocks and bonds, offering regulatory clarity that would encourage more corporations to add Bitcoin to their balance sheets. Senator Cynthia Lummis praised the move as common sense victory for sound money adoption. Bitcoin Magazine

🇸🇪 Sweden Eyes Joining the Bitcoin Reserve Race

Two Swedish Democrats have proposed that Sweden establish a strategic Bitcoin reserve to hedge against inflation and diversify holdings away from traditional assets tied to political risks. The lawmakers argue Sweden should join the 'digital arms race' as other nations adopt Bitcoin reserves. They suggest funding through seized bitcoin and want guarantees against introducing a central bank digital currency, positioning Sweden as open to digital innovation. Cointelegraph

🏴‍☠️ UK Eyes Pocketting $7B Bitcoin Windfall from Chinese Fraud

The UK government wants to keep most of the $7B in Bitcoin it seized from a massive Chinese investment fraud, despite 120,000 victims seeking compensation. While legal experts say victims are entitled to recovery under English law, they may only receive the original fiat value they lost, not Bitcoin's appreciated worth. The government could pocket the gains while victims get pennies on the dollar. How convenient. Decrypt

POLL #369

PREVIOUS POLL RESULTS

OPINION & ANALYSIS

• Victoria Jones, a senior research fellow for the Asia-Pacific Foundation, argues that the Pakistan-El Salvador Bitcoin partnership exemplifies how emerging economies are starting to use so-called ‘Bitcoin diplomacy’ to circumvent traditional multilateral oversight and challenge Western-dominated global financial governance structures (Oct 1 | 4 min read).

• Dune Messias, a pseudonymous Bitcoiner on Stacker News, argues that bitcoin miners are transforming from alleged energy 'parasites' into essential grid stabilizers that finance power infrastructure and create the flexible energy foundation needed for AI's explosive growth (Oct 1 | 5 min read).

• Atlas21, in an article written in collaboration with Bull Bitcoin, explains how Bitcoin privacy tools CoinJoin and PayJoin protect users' financial freedom by breaking transaction links and confusing blockchain analysis, arguing these technologies serve legitimate privacy needs rather than criminal purposes (Oct 1 | 4 min read).

• Runningbitcoin, a Bitcoin educator, explores Cashu dot me, a browser-based wallet that enables private Bitcoin payments using Chaumian ecash technology, combining Lightning Network's speed with physical cash-like privacy through trusted mint custody (Oct 1 | 8 min read).

• Evan Kaloudis of Zeus wallet warns that operating a remote Lightning node for routing payments demands the same rigor as running a financial service, requiring proper hardware, security protocols, backup strategies, and constant monitoring to avoid costly pitfalls (Oct 1 | 10 min read).

• Roy Sheinfeld of Breez argues that Bitcoin's true utility lies not in its asset performance but in enabling direct value transfer like sending information, which will transform economic interactions by eliminating intermediaries and borders while making payments as seamless as text messages (Sep 30 | 9 min read).

• Alex Gladstein, chief strategy officer at the Human Rights Foundation, in a piece for the Journal of Democracy, argues that Bitcoin serves as 'freedom money' enabling democracy activists worldwide to circumvent authoritarian financial repression, receive donations, and maintain operations when traditional banking systems fail or are weaponized against dissidents (Sep 30 | 30 min read).

• Mauricio Di Bartolomeo of Ledn in a piece for Forbes argues that bitcoin-backed loans creating stablecoin yields represent a revolutionary financial primitive that enables Latin Americans to escape currency debasement while providing global access to credit and returns regardless of geography (Sep 30 | 4 min read).

• Blockspace Media explores how Bitcoin's most influential developers including Gregory Maxwell, Andrew Poelstra, and Adam Back oppose transaction filtering despite recent proposals, arguing that filters harm Bitcoin's consensus system and promote centralization while spam is naturally limited by fees (Sep 30 | 4 min read).

• Villawolf, a Bitcoin educator, explores advanced Nunchuk multisig configurations for inheritance planning and family co-custody, demonstrating how 2-of-3 setups with timelocks enable secure daily operations while ensuring automatic inheritance without custodial intermediaries (Sep 29 | 2 min read).

• Discovering Bitcoin, a Bitcoin podcaster, argues that Bitcoin represents a synthesis of esotericist Rudolf Steiner's moral architecture and economist Friedrich Hayek's spontaneous order, demonstrating how decentralized systems can achieve coherence without coercion while preserving individual freedom and responsibility (Sep 27 | 13 min read).

TOOLS & PROJECTS

• New on Geyser: Gorilla Sats, an Ugandan Bitcoin-powered tourism company, pioneers renewable Bitcoin mining near Murchison Falls National Park in partnership with solar energy leader Mandulis Energy to demonstrate sustainable mining viability.

• New on Geyser: Bitcoin Dombo launches skateboarding competition in Mozambique where winners receive BTC prizes, promoting Bitcoin adoptiona among youth through education and wallet setup requirements for participants.

• Paxful, a P2P marketplace, announces wind-down of all operations by November 1, 2025, following misconduct by former co-founders and unsustainable compliance costs.

• Chaincode Labs, a Bitcoin development organization, offers full tuition scholarship for undergraduates worldwide to attract brightest minds to Bitcoin development work.

• Parasite mining pool goes open source and releases its source code.

• KaleidoSwap, a decentralized exchange, executes the first atomic RGB asset swap on Lightning Network, trading 12,000 satoshis for 13 tUSDT instantly with trustless guarantees and minimal fees.

• Templar Protocol launches mainnet with first 'Cypher Lending' system, enabling Bitcoin holders to borrow stablecoins against native BTC without intermediaries or KYC requirements through decentralized MPC technology.

• Liana Wallet introduces encrypted descriptor backups improving Bitcoin self-custody security, enabling safe cloud storage without privacy risks, plus optional fiat conversion and improved key setup flow in version 13.0.

• PhoenixD Dashboard offers a web interface for Lightning Network node management, featuring real-time monitoring, invoice creation with QR codes, and responsive design built with Next.js and TypeScript.

• Miniscript Studio is a browser-based WebAssembly tool for Bitcoin policy compilation, script lifting, Taproot support, HD wallet descriptors, and address generation powered by Rust.

• Paolo Ardoino, CEO of Tether, shares a demonstration of their new Wallet Development Kit Template featuring non-custodial design, comprehensive DeFi primitives, and multi-platform support for developers.

• Breez, a Lightning infrastructure company, launches Nodeless on Spark public beta enabling developers to easily integrate bitcoin payments into applications through API access.

• Start9, a sovereign computing platform company, launches Community Developer Program to train volunteers in packaging open-source services for StartOS server operating system.

• Firefish, a Bitcoin lending platform, publishes its source code to enhance transparency and address security concerns through deterministic builds and bug bounty programs.

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