MonthMarch 2023

The Fighter Who Turned $1B into Bitcoin

•Serhiy Tron was born in 1984 in the industrial city of Kamianske, Ukraine.
•At age 16 he launched a heavy fuel oil supply company, and by 2010 his business was operating 120 gas stations and five oil depots.
•In 2011 he invested in Citi Commerce Bank, but his success was disrupted by the Maidan Revolution of 2014.

Early Life

Serhiy Tron was born in 1984 in Kamianske (formerly Dniprodzerzhynsk), an industrial city in Ukraine. His father served 25 years in military service before working with victims of Chernobyl nuclear plant disaster, instilling command and control qualities into Serhiy from a young age. At ten years old he began boxing, cultivating determination that would help him launch a successful business venture when he turned sixteen.

Business Beginnings

At age sixteen Serhiy started a heavy fuel oil supply company while taking university classes in the evening. However, a tragic accident at nineteen ended his dreams of professional boxing and forced him to focus all of his energy on his business instead. When tragedy struck again at twenty-two when his father passed away, leaving him as the family’s primary breadwinner, Serhiy had already built up a successful business with 120 gas stations and five oil depots near Luhansk and Donetsk with capitalization nearing one billion dollars.

Investment in Banking

In 2011 Serhiy took interest into banking and invested heavily into Citi Commerce Bank. He quickly expanded its footprint from 40 to 185 branches across Eastern Ukraine using technology capable of cleaning oil tanks for extra income from extracted sediment sales. This allowed him to build up significant wealth as well as capitalization that stood at almost one billion dollars by 2010..

The Maidan Revolution

Unfortunately for Serhiy, February 2014 brought about The Maidan Revolution which saw pro-Russian separatists seize many businesses including those owned by Tron located in Eastern Ukraine such as Luhansk and Donetsk. This caused immense financial losses while also bringing serious threats to himself and his family due to their support for Ukrainian independence against Russian aggression during this time of political turmoil.

A New Blockchain Mission

In 2016 Tron shifted focus towards blockchain technology after coming across Bitcoin during its early days around 2013/2014 . After extensive research he became convinced that blockchain could be used as an effective tool for introducing much needed stability into an economy ravaged by recession and inflation . Thus began Tron’s mission to promote open source software projects built on decentralized platforms such as Ethereum , eventually founding MoneyToken – a platform allowing users to access loans secured against digital assets such as Bitcoin or Ethereum .

Unlock Innovation in Bitcoin Mining with Block’s Mining Development Kit

• Block, a bitcoin mining company, is introducing the Mining Development Kit (MDK), which would provide developers access to bitcoin mining projects.
• The MDK will consist of a hashboard, controller board, open-source firmware and reference materials.
• The company is seeking feedback from the community in order to shape what the MDK will be.


Block, a bitcoin mining company, has announced that they are developing their own bitcoin mining semiconductor chips and are considering building the Mining Development Kit (MDK). The MDK would replicate existing Lightning Development Kit and Bitcoin Development Kit projects by providing developers with access to bitcoin mining projects focused on integrating bitcoin mining into various novel use cases.

Components of MDK

The MDK as Block “currently envisions it” would have four components: 1) A powerful, reliable industrial-grade hashboard; 2) A custom controller board designed to work with the hashboard; 3) Open-source firmware, a software API and a web front-end that allows developers to modify key performance parameters of the hashboard; 4) Extensive reference materials and support documentation to facilitate easy customization of the hashboard.

Goals of MDK

The intention behind the MDK is to provide developers with a suite of tools that can help unlock creativity and innovation in bitcoin mining hardware in order to accelerate innovation in the field. Thomas Templeton, Block’s Bitcoin Hardware Lead said that “We want this product to really be inspired by the developers’ feedback.” He also added that if meaningful input can be obtained on ideas like these then both Block and Bitcoin ecosystem will benefit from it.

Feedback Requested

Block is requesting feedback from its community regarding how it can shape what its Mining Development Kit will look like. This feedback can be directed at their email address: In addition, they have promised further updates on this project over coming weeks and months as well.


In conclusion, Block is introducing its Mining Development Kit which could provide developers access to innovative uses for Bitcoin mining hardware. The development kit consists of four components – an industrial grade hashing board along with custom software for modifying key performance parameters such as open source firmware, software API and web front end interface accompanied by extensive reference material for easy customization of hashing boards. Furthermore they are seeking communal feedback in order build up this project so both Blockchain’s ecosystem as well as Bitcoin ecosystem benefit from it too!

Fiat Money: Unleashing Unprecedented Government Power

• This article by Jimmy Song explores the nation-state level incentives of fiat money, which have enabled governments to become more authoritarian and militaristic.
• The central control of money has made it possible for governments to run deficits on their budgets without having to pay high interest rates or raise taxes.
• This power dynamic has resulted in a surveillance state, police state, and other oppressive regimes around the world.

The Power of Fiat Money

Fiat money has given governments tremendous power, allowing them to create an authoritarian system that stifles individual freedoms. This is accomplished through a variety of mechanisms such as running budget deficits, implementing rent-seeking policies, and creating a surveillance state. All these components are facilitated by the central control of money which gives governments the ability to print currency at will.

The Effects of Fiat Money

The effects of this power dynamic have been far-reaching and devastating. It has allowed governments to expand their authority beyond what was previously considered acceptable, resulting in welfare/warfare states, police states, and tyrannical regimes. Additionally, it has allowed Marxists visions positivist law to spread further than ever before with little resistance from citizens who do not understand how fiat money works.

Oppressive Regimes Around The World

Unfortunately, many countries around the world have embraced this type of system with little regard for its consequences. In recent decades we’ve seen numerous oppressive regimes come into power as a result of this unchecked monetary power granted by fiat money. These regimes use their newfound authority to engage in practices like censorship, human rights violations and other forms of oppression that would not be possible without access to unlimited funds through printing new currency at will.

Time Preference & Savings Vehicles

Furthermore, fiat money has also had negative impacts on individuals due largely in part because it encourages higher time preferences among citizens while simultaneously limiting access to necessary savings vehicles that can protect people against economic recessions or depressions caused by government policies. Without access to these savings vehicles individuals are left vulnerable when economic downturns occur as they lack the means to protect themselves financially during such times.


In conclusion, fiat money is an incredibly powerful tool that gives governments unprecedented authority and should be used with caution if at all possible due its potential for abuse and exploitation when used recklessly or without proper oversight and regulation from independent governing bodies who can ensure its use is fair for all citizens regardless of class or status within society .

Blockstream Launches Formal Research Team to Push Bitcoin’s Boundaries

• Blockstream, a leading Bitcoin infrastructure company, has announced a formalized Blockstream Research team.
• The team is working on various projects such as Simplicity, Miniscript, Elements Script and Cross Input Signature Aggregation.
• They are also focused on digital signatures and off-chain protocols such as Scriptless Scripts and Fedimint.


Blockstream is a leading Bitcoin infrastructure company that has announced the formation of its Blockstream Research Team to tackle complex problems in the Bitcoin ecosystem and push the boundaries of what’s possible with Bitcoin.


The research team is currently working on several projects, including Simplicity – a more robust programming language than Bitcoin Script – as well as Miniscript, which is designed for writing structured Bitcoin Scripts. Additionally, they are developing Elements Script – an extension to Bitcoin Script with new covenant opcodes still being explored.

Digital Signatures

In addition to their programming language work, the research team is taking a close look at digital signatures. To increase efficiency in multisig transactions and maintain privacy levels, they have developed Cross Input Signature Aggregation (CISA/XISA) and MuSig 2 solutions respectively.

Off-Chain Protocols

The Blockstream applied research team is also looking at off-chain protocols such as Scriptless Scripts for smart contract execution outside of the blockchain network, which offers advantages like improved security and scalability using Schnorr signatures. Furthermore, they are creating Fedimint – a federated e-cash protocol enabling users to mint e-cash notes while preserving privacy at the federation level.


Blockstream’s Research Team consists of 10 experienced researchers who are contributing ideas like OP_CSV and covenants to Segwit and Taproot under the Blockstream Research umbrella. Together they are pushing forward new technologies that will help improve efficiency and privacy levels within Bitcoin transactions across the globe.

Crypto Investing in the Footsteps of Talmudic Teachings

• The article explores how Talmudic teachings can be applied to modern investments, particularly with regards to Bitcoin.
• According to the Gemara, a Jewish oral tradition, one should divide their assets into three equal parts – land, cash on hand and risky assets.
• Investing in real estate has been a stable practice for thousands of years, with expectations of the real estate market growing at an annual growth rate of 10.7%.

Investment Strategies from the Talmud

This is an opinion editorial by Konstantin Rabin, a finance and technology writer.As a huge supporter of all things crypto, and especially Bitcoin, my thoughts often drift to a time before this revolutionary technology appeared on the scene, and I stand in awe of what it is bound to accomplish. I wonder: How would our forefathers have looked at it, and how can we use their teachings, applying the thought of the old thinkers to our modern existence? While the money management strategies that can be found in books from thousands of years ago might seem crude or irrelevant to us today, I have always tried to look past the words on the page and into the meaning behind them to figure out what lessons they might teach us today. One day, while chatting with a friend about this, we considered why Bitcoin might even be backed by Talmudic teachings.

Rabbi Isaac’s Three-Part Investment Strategy

I’m not a religious person by nature but it is hard to avoid conversations that stray off into that realm when sitting with some of your Jewish friends who are keen students of the Talmud and all things relating to Judaism. So one night as I sat with one of these friends he brought up the Gemara which incorporates investment advice often praised for its simplicity and effectiveness.. The 63 books of Gemara serve as commentary on Mishnah which in turn serves as first major writings Jewish oral traditions spanning hundreds years section my friend was referring though reading goes follows:
“R. Isaac also said: One should always divide his wealth into three parts: (investing) a third in land;a third in merchandise;and (keeping) third ready hand.” –The Gemara Tractate Baba Mezi’a 42a

The Traditional Jewish Portfolio

The idea is that in order invest money proper way should divide assets three equal parts spread equally among land cash hand risky assets Hence traditional Jewish diversified portfolio would look like A Third In LandLand — if generalize real estate — most stable investments Buying holding onto land any other type residential commercial real estate has been practice thousand years just valid today expectations real estate market growing compound annual growth rate 10 7% 2022 2031 Hence keeping portion funds real estate seems great wealth preservation well hedge inflationary risks

Bitcoin as Part Of Your Portfolio?

My friend argued that perhaps Bitcoin could be seen as part traditional Jewish portfolio theory After discussing implications this statement had both financial philosophical levels we concluded that indeed Bitcoin does seem fit well within framework such traditional portfolio due its unique characteristics decentralized nature low volatility potential high returns In addition even though traditionally investing physical gold silver were part Mishnah’s recommendations digital asset much like Bitcoin could easily substitute those two precious metals since they share many same properties including scarcity divisibility portability fungibility durability


In conclusion we discussed how ancient wisdom such Talmudic teachings can still apply modern life situation particularly when comes investing understanding importance diversifying risk protection inflationary environment With rise crypto currencies like Bitcoin being digital form tangible store value new ways preserving purchasing power available us allowing access potentially lucrative markets previously unavailable

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