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Greetings Bitcoiner,
Welcome to Issue #460 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.
But first, today’s Top Stories:
🪙 Ponzi 'Crypto Queen' Nabbed, 611 BTC Still Missing
🛠️ Tether Open-Sources MiningOS, Kills Vendor Lock-In
🧾 ING Germany Adds More Bitcoin ETP Rails

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🪙 Ponzi 'Crypto Queen' Nabbed, 611 BTC Still Missing
Venezuelan Interpol arrested Rosa María González in San Cristóbal, tying her to Argentina's Generación Zoe collapse. Prosecutors say she fled with 611 BTC (roughly $56M today) after the firm's 'quantum security' pitch unraveled as a classic Ponzi, then allegedly ran a fresh '5% monthly' scam hitting new victims for $300K.
Why it matters: Bitcoin doesn't scam people, people scam people. Extradition looks messy with frozen Argentina-Venezuela ties, and asset recovery even messier. Translation: self-custody means you can't flee with someone else's stack. Read more→
🛠️ Tether Open-Sources MiningOS, Kills Vendor Lock-In
Tether released MiningOS, an Apache 2.0-licensed, open-source operating system for Bitcoin mining built on Holepunch protocols. The modular stack runs everything from home rigs to industrial sites, coordinating devices via peer-to-peer networking with no centralized services, backdoors, or third-party dependencies.
Why it matters: Open-source mining infrastructure chips away at proprietary tooling that creates single points of failure. More sovereignty at the hardware layer strengthens the whole network. Read more→
🧾 ING Germany Adds More Bitcoin ETP Rails
ING Germany now offers Bitwise and VanEck exchange-traded products alongside existing 21Shares, WisdomTree, and iShares listings. Starting February, clients can trade select Bitwise products on Xetra with fee perks for larger orders and savings plans.
Why it matters: Legacy banks keep building on-ramps because client demand forces their hand, not altruism. Paper Bitcoin isn't self-custody, but more fiat rails into BTC means more exit liquidity from the old system. Read more→
Poll #460: What is the biggest threat to Bitcoin mining sovereignty?



Danny, CCO of Trezor, argues that while crypto enthusiasts chase AI agent opportunities on various blockchains, autonomous AI agents will themselves ultimately default to opting for Bitcoin due to its proven reliability, permissionless nature, and hardwired 'digital gold' status in AI training data, creating unprecedented machine-driven demand (Feb 2 | 3 min read).
Lnfi Network, a Lightning Network infrastructure builder, explains how the L402 protocol enables autonomous machine-to-machine micropayments at scale by fusing HTTP semantics with Lightning Network settlements, positioning it as the foundational payment primitive for AI agent economies and pay-per-use digital services (Feb 2 | 3 min read).
Bram Kanstein, host of the Bitcoin For Millennials podcast, argues that Bitcoin represents humanity's escape from centuries of linguistic, financial, and psychological control systems, offering a decentralized monetary protocol with transparent rules instead of arbitrary rulers, forcing individuals to choose between remaining subjects in manipulated systems or becoming sovereign actors in an uncapturable network (Feb 2 | 10 min read).
Ten31, a Bitcoin-focused venture capital firm, argues that as AI democratizes competence and commoditizes execution, economic surplus will accrue only to organizations that protect sovereign judgment and private coherence through self-hosted infrastructure and confidential computing rather than relying on public models (Feb 2 | 5 min read).
OP_Daily, a newsletter which is a subsidiary of Bitcoin Park, argues that Bitcoin advocates are experiencing cognitive dissonance over current price stagnation, but today's price is merely noise, and the community's panic reveals they are not yet the 'big fish' in multi-trillion-dollar markets they believe themselves to be (Feb 1 | 3 min read).
Clay Holliday of Giga Energy argues that traditional demand response programs fail Bitcoin miners because they rely on static curtailment schedules and slow payouts, while mining profitability requires dynamic, real-time optimization based on hash price, Bitcoin price, and electricity costs (Feb 1 | 6 min read).
Eduardo Prospero of Blink Wallet interviews independent Bitcoin developer Super Testnet, who presents Papa Swaps and Hedgehog as Lightning Network improvements, explaining his philosophy of freely sharing innovations rather than commercializing them while predicting Ark may eventually replace Lightning (Jan 30 | 7 min read).
Scoresby, a Bitcoin writer on Stacker News, critiques a developer's LLM-generated claims that UTXO commitments offer stronger security than SPV, explaining how both trust models rely on honest peers rather than cryptographic proof, and warns against using AI to mask fundamental misunderstandings of Bitcoin's verification system (Jan 30 | 6 min read).
Gigi of OpenSats, a 501(c)(3) public charity supporting Bitcoin and freedom tech development, reports in organisation’s 2025 year-in-review that they have allocated over $20M from its General Fund and $10M from the Nostr Fund since July 2023, currently distributing approximately $1M monthly to 150+ active grantees across 40+ countries working on open-source Bitcoin infrastructure, Lightning Network tools, privacy solutions, and nostr protocol development (Jan 28 | 11 min read).
Charlie Spears of Blockspace argues that bitcoin's recent price decline is not driven by quantum computing fears, asserting that most investors lack the technical sophistication to price quantum risk and remain unaware of other critical Bitcoin vulnerabilities like poison block attacks (Jan 26 | 4 min read).
BitMEX Research argues that Taproot can enable dual spend paths via a new quantum Taproot type, letting wallets spend BTC with efficient vulnerable tapleaf signatures until 'Qday' while keeping a quantum-safe option to reduce freeze risk (Jan 25 | 6 min read).
Gino Matos, reporter at CryptoSlate, argues that Bitcoin could enter Federal Reserve stress tests not through policy endorsement but because growing bank exposures through ETF intermediation, custody, and derivatives at G-SIB broker-dealers may force regulators to model BTC price shocks as material capital risks (Jan 22 | 6 min read).

New on Geyser: Bitcoin Mood is a real-time sentiment tracker that combines Fear & Greed Index data with DCA calculator tools to make Bitcoin investing accessible through emotional insights and beautiful design for beginners.
New on Geyser: Bitcoin Dada launches Dada Hub, Africa's first physical hub for female Bitcoin developers in Nairobi, providing workspace, mentorship, and stipends to support open-source contributions.
Clawdentials by Fernando Nikolić is a platform built on Nostr and Bitcoin that enables AI agents to build verifiable reputations and receive unstoppable payments in the emerging agent economy.
Start9, a personal Bitcoin node service provider, launches the 2026 Server One with AMD Ryzen 7 6800H processor, up to 32GB DDR5 RAM, and 4TB storage.
Super Testnet introduces connector swaps, a new Lightning Network protocol that enables single-transaction payments from LN channels to arbitrary bitcoin addresses while preserving channel capacity.
Noah, a wallet built on Second's implementation of the Ark protocol, successfully integrates hArk hash-lock protocol for non-interactive VTXO refreshes, eliminating mobile timing constraints in Ark rounds.
Bitcoin Improvement Proposal 445 introduces FROST3 threshold signature protocol enabling Bitcoin multi-party signing with BIP340 compatibility, supporting key tweaking for Taproot applications and maintaining single-signature privacy.
Pleb Print Shop, Bitcoin++ conference's merchandising arm, offers custom sticker printing services for 120k sats, delivering branded materials to attendees across global Bitcoin events in Brazil, US, Canada, Germany, Kenya, and Austria.
Synonym opens up Pubky, a key-based web protocol that enables portable digital identity and data ownership, allowing users to maintain control of their online presence across platforms without starting over when switching services.
Nostube, a video sharing platform built on the Nostr protocol, enables censorship-resistant content distribution and payments through the Lightning Network.
Ozow, a South African payment gateway, partners with MoneyBadger to enable Bitcoin and crypto payments for merchants while letting them receive fiat settlements.
D++ launches the world's first Nostr-enabled mining pool featuring Hydra Pool Hashdash integrations and leaderboard functionality for an enhanced mining experience.
Thank you for reading!




