Rabbit Hole Recap RABBIT HOLE RECAP #404: THE RISE OF THE PETROSAT
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Apr 9, 2026 They unpack Iran proposing Bitcoin tolls for Strait of Hormuz traffic and why Bitcoin fits sanctioned trade. They compare France repatriating gold with Bitcoin liquidity. They track the fastest-to-$100B Bitcoin ETF growth and Square’s phased Bitcoin payments. They cover Russia’s plan to route bank verifications through a state app and resilient comms like Nostr, mesh AI relays, and ham radio during Iran blackouts.
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Salvadoran Students Join Mempool Team
- Mempool trained Salvadoran students in Tokyo and is hiring some to staff its El Salvador office.
- Marty praises the organic pipeline from bootcamp education to local hiring as a model for on-the-ground Bitcoin adoption.
OpenSats Funds Protocol Tools For Resilience
- Open Sats funds 100% pass-through Nostr and Bitcoin open-source work to boost tooling and censorship-resistant stacks.
- Odell highlights grants like Amethyst Desktop and Hamster for ham-radio Nostr transport in internet-cut scenarios.
State Messenger Could Centralize Financial Control
- Russia plans to require a state messenger for bank transaction confirmations, centralizing control and creating single points of failure.
- The proposal mandates approval via MAX for 'significant' actions, risking stoppage if the app fails.