Greetings Bitcoiner,

Welcome to Issue #413 of Bitcoin Breakdown, where every Tuesday and Thursday, we bring you the latest must-read Bitcoin thought leadership articles and the newest tools and projects you should know about.

You currently have 0 referrals. Refer a friend and you both get 4,000 sats (currently worth $3.50) sent directly to both of you!

Here’s your unique link to share: https://www.btcbreakdown.com/subscribe?ref=PLACEHOLDER&utm_source=BTCPLACEHOLDER

Now for today’s Top Stories:

• 🇨🇦 Canadian Bitcoin Family Tortured in Brutal Home Invasion

• 📊 Bitcoin's Sharpe Ratio Hits Zero – Smart Money Signal?

• 🇨🇳 Bitcoin Mining Roars Back in China Despite 2021 Ban

TOGETHER WITH BITCOIN SOVEREIGNS

Attain Self-Sovereignty with the Bitcoin Sovereigns Private Community

Take control of your future with Bitcoin Sovereigns—a Bitcoin-only private community dedicated to achieving personal sovereignty through Bitcoin.

🔥 Why Join?

• Structured Roadmap: Tailored guidance for beginners and experts alike.

• Exclusive Content: Learn about Bitcoin basics, running your own node, OPSEC essentials, self-hosting, and flag theory.

• Supportive Community: Accountability and support every step of the way.

🌟 Our Core Values:

• Bitcoin-Only (No second best!)

• Right to Pseudonymity

• Low Time Preference

• Personal Growth

• Community Support

Learn, share, and spur hyperbitcoinization. Reach your full potential with us!

Nov 25, 2025

TODAY’S TOP STORIES

🇨🇦 Canadian Bitcoin Family Tortured in Brutal Home Invasion

Hong Kong national Tsz Wing Boaz Chan received 7 years in prison for participating in a brutal 13-hour home invasion in British Columbia. Four attackers, two disguised as postal workers, waterboarded, beat, and sexually assaulted a family while forcing them to surrender $1.6M in bitcoin. The meticulously planned attack targeted the family after the husband publicly boasted about cryptocurrency success within the Chinese expat community. New York Post

📊 Bitcoin's Sharpe Ratio Hits Zero – Smart Money Signal?

Bitcoin's Sharpe ratio has plummeted to nearly zero, matching levels seen at 2019, 2020, and 2022 market bottoms, signaling improved risk-reward for future returns. The ratio measures return versus volatility, and historically low levels have preceded major uptrends when smart money enters. Meanwhile, over 8% of all BTC moved onchain last week – an event only seen twice in seven years during bear markets, making this one of Bitcoin's most significant onchain events ever. Cointelegraph

🇨🇳 Bitcoin Mining Roars Back in China Despite 2021 Ban

Despite China's 2021 mining ban, the country now controls 14% of global Bitcoin hash rate as miners exploit cheap electricity in Xinjiang and Sichuan. The resurgence stems from surplus energy infrastructure, data center overinvestment, and hints of policy softening when economic incentives align. Canaan, a major mining rig maker, reports over half its Q2 revenue now comes from Chinese customers amid rising Bitcoin prices and shifting regulatory tolerance. Reuters

POLL #413

PREVIOUS POLL RESULTS

OPINION & ANALYSIS

• Tom Bennet, former fintech professional turned Bitcoiner, explains how hierarchical deterministic wallets transform a single mnemonic seed into an organized tree of addresses through cryptographic derivation paths, enabling users to manage countless Bitcoin addresses from one backup while maintaining privacy and recoverability across devices (Nov 24 | 6 min read).

• Che Kohler of The Bitcoin Manual examines prominent OG bitcoiner Simon Dixon's warning that Bitcoin treasury companies like Strategy create sophisticated traps reintroducing counterparty risks, leverage cascades, and wealth extraction mechanisms through custodial wrappers, urging investors to rather prioritize self-custody over Wall Street-controlled Bitcoin IOUs (Nov 23 | 20 min read).

• Adam Livingston, author of 'The Great Harvest', argues that Michael Saylor is transforming Bitcoin into scalable credit instruments that unlock yields for a market 150 times larger than Bitcoin itself, enabling true adoption by making the asset usable through financial architecture rather than relying solely on cold storage and holder conviction (Nov 23 | 2 min read).

• Nicolas Cantu, advisor at BTC Villages, argues that Bitcoin's 'security budget' concept fundamentally misunderstands the protocol, explaining how network security emerges not from miner expenditure but from nodes enforcing consensus rules, while proof of work serves as a decentralized timestamping mechanism rather than cryptographic protection, with difficulty adjustments maintaining ten-minute block intervals regardless of hashrate fluctuations (Nov 23 | 15 min read).

• Jordan Guess, CPA and Partner at Trusted Advisors CPA, explains how bitcoin investors can leverage the current market drawdown to harvest tax losses and immediately repurchase their position (a strategy unavailable to stock investors due to wash sale rules) potentially saving thousands in taxes before the regulatory loophole closes (Nov 21 | 7 min read).

• Zsubmariner, contributor to self-sovereign cryptographic mesh Zsub, argues that cryptographically-relevant quantum computers are physically impossible due to fundamental hardware limitations, warning that implementing quantum resistance in Bitcoin would cause permanently higher fees (15-50× per transaction), increased centralization pressure, and massive UTXO bloat despite quantum threats being overblown investor hype (Nov 21 | 2 min read).

• Alby explores 3 methods for Shopify merchants to accept bitcoin payments ranging from fully self-hosted BTCPay Server and lightweight BLFS to managed solution Coinsnap, highlighting benefits like lower fees, no chargebacks, and global reach (Nov 20 | 3 min read).

• Shanaka Anslem Perera, prolific Substacker and author of 'The Ascent Begins', argues that Bitcoin represents humanity's first monetary system deriving legitimacy from thermodynamic irreversibility rather than social consensus, analyzing 30 universal laws spanning network topology, game theory, and complex systems to demonstrate this constitutes a fundamental phase transition in monetary coordination (Nov 19 | 17 min read).

• Majere, a pseudonym writing on Nostr, argues that resilient digital infrastructure emerges when open-source tools like Bitcoin, Lightning, Cashu, Nostr, Reticulum, and Blossom interconnect to create a decentralized mesh network that maintains communication, payments, and data storage even when traditional systems fail through censorship, outages, or disasters (Nov 19 | 4 min read).

• Henrik Seikku from Hanken School of Economics and Imtiaz Sifat from Radboud University examine whether Bitcoin bans across 19 countries (2013-2024) effectively segment markets, finding that prohibitions prove largely ineffective and counterproductive as the decentralized network adapts around regulatory boundaries through VPNs, P2P trading, and technological workarounds (Nov 19 | 64 min read).

REFERRAL PROGRAMME TOGETHER W/ OSHI*

REFER A FRIEND & STACK 4000 SATS EACH

1. Share your unique link: https://www.btcbreakdown.com/subscribe?ref=PLACEHOLDER&utm_source=BTCPLACEHOLDER (need to be subscribed and logged in to see your unique link)

2. New subscriber joins and optimally engages by opening ≥ 50% of issues received and making 2 unique link clicks within 15 days.

3. Boom: 4000 sats to you and them. We’ll automatically email both of you the moment it lands.

*T&Cs: One real human ↔ one inbox. Duplicate or bot sign ups = nuke & lose sats. Fraud flags void payouts. We may adjust rewards if a God candle melts charts. Max 50 referrals per individual. Questions? Hit [email protected]. Ready? Copy, paste, orange pill, stack sats. 🚀

TOOLS & PROJECTS

• New on Geyser: OpNode, a Bitcoin-native live-streaming platform integrating Breez SDK's Lightning Network wallet, enables builders to showcase work, collaborate in real-time, and earn sats instantly through self-custodial in-browser payments without running nodes.

• New on Geyser: Amoyah, a Malawian school teacher from a rural community, launches Bitcoin Study Hubs to build Bitcoin circular economies through grassroots education in villages, markets, and schools across Malawi's underserved areas.

• Rumble starts testing its Bitcoin tipping feature, with support for Lightning coming soon.

• ZapWork connects freelancers and employers through Nostr and Bitcoin, enabling censorship-resistant job matching with transparent sats-based compensation, instant Lightning transactions, and reputation scores built on cryptographic trust rather than centralized platforms.

• Debifi launches a non-custodial Bitcoin-backed prepaid Visa card allowing users to spend funds instantly while keeping their BTC holdings intact, eliminating the need to sell bitcoin for everyday purchases.

• Bitcoin Skills Library offers comprehensive Claude AI tools for implementing Bitcoin and Lightning wallet functionality, QR code processing, steganographic encoding, and Nostr integration with experimental software warning for educational development purposes.

• BlueWallet, an open-source Bitcoin wallet, polls users about restoring Lightning Network support, with 81.5% voting yes, while the team tests both Ark and Spark protocols for future integration.

• RawBit, a visual node-based editor on GitHub, enables users to construct and understand Bitcoin transactions without coding by connecting inputs, keys, and scripts on a canvas while offering 10 hands-on lessons covering P2PKH, SegWit, timelocks, and malleability concepts.

• Auradine, a Bitcoin mining equipment manufacturer, integrates Stratum V2 protocol natively into its Teraflux miners through proprietary FluxOS, eliminating third-party software needs while delivering enhanced security, efficiency, and reliability for mining operations at an unprecedented industry scale.

• Nick Ward of Bitcoin For Corporations introduces two AI-powered shareholder tools enabling investors to launch data-driven Bitcoin treasury activism and file SEC-compliant proposals in minutes without legal expertise.

MEME OF THE DAY

Bitcoin Breakdown has the highest signal-to-noise ratio in its class. If you find our work useful and want to see the publication grow, consider supporting us on Geyser.

Every contribution is a sign that we’re on the right track. We know your time is valuable, and we’re here to help you make the most of it. Thank you for your support.

Thank you for reading!

If you received it from a friend and would like to subscribe, you can do so here:

Until our next transmission,

P.S. Looking to start your own newsletter? Use this link to sign up for beehiiv and get a 30-day free trial plus a 20% discount.