TD₿: Trump, Elon, and the Fiscal Fantasy Collapsing in Real Time - (a Swan Signal Live segment) with Brady, Steven, Matt and John
TL;DR: Elon Musk and Donald Trump just had a high-profile fallout—exposing deeper issues. Is Elon still naive about the debt spiral? Can Trump really fix anything?
Hey Bitcoiners,
Elon Musk and Donald Trump’s public fallout has sparked more than just internet memes, it exposed deeper issues about political optimism, fiscal naivety, and the limits of techno-fixes. Initially, some speculated the breakup was a strategic move by Elon to distance himself from Trump due to rising political pressures and damage to Tesla's brand. However, as the feud escalated, particularly following Elon’s Epstein-related tweets; those theories lost credibility.
Elon genuinely believed the U.S. fiscal crisis could be fixed by diving in and applying his typical engineering mindset. Despite his exposure to Austrian economics and sound money principles, Elon remains naive about the scale and structural nature of the debt spiral, failing to grasp that the problem isn’t merely technical, but systemic and deeply political.
While Trump once championed debt reduction and balanced budgets, political reality has shown that austerity is not a winning message. Voters simply do not support large-scale cuts to entitlements or defense spending. Even when the Trump administration attempted spending cuts and trade balancing, the backlash from investors, politicians, and the public was immediate and severe, crashing markets and forcing a reversal toward expansionary policies.
Neither Trump nor Elon can “fix” a system that is fundamentally resistant to change. The only true escape is Bitcoin because the political class lacks both the will and the freedom to reform a system that depends on ever-increasing debt and spending.
Tick tock next block,
The Swan Education Team
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Quote of the Day
“We're going from infinite money and finite energy to finite money and infinite energy.”
- Abe Cambridge
Job of the Day
Lead Developer
Edmonton, Alberta, Canada
Hybrid / Full Time
Engineering / Financial Services
Role overview
Bitcoin Well is hiring a Bitcoiner to lead our Development team. This freedom maxi will craft and take ownership of the technical initiatives at Bitcoin Well.
The Lead Developer role is ideal for someone who loves building robust, scalable systems, understands Bitcoin technology, and can balance technical strategy while being hands-on and writing code. You will be responsible for crafting the technical roadmap and leading the existing development team to execute it.
You will work directly with the CEO to help craft the roadmap of our non-custodial Bbitcoin-only platform; designed to help people replace their bank with Bitcoin in self-custody.
Our tech stack includes:
AWS Infrastructure
PostgreSQL
Typescript - Using NestJs framework for our APIs
Angular in TypeScript for the frontend
Who is Bitcoin Well?
Bitcoin Well is a publicly traded Canadian Bitcoin company, established in 2013.
We started with Bitcoin ATMs in 2014. Today we operate over 160 across Canada. In 2022 our focus moved from actively growing our ATM network to building and growing the Bitcoin Portal. The Bitcoin ATM network continues to empower our privacy-focused initiatives on the Bitcoin Portal in Canada.
The Bitcoin Portal is a bitcoin-only platform that empowers people to replace their bank account with bitcoin in self-custody. Our non-custodial platform allows Canadians to buy and sell bitcoin while also using bitcoin to pay their bills and send money to friends; all with their personal bitcoin wallets.
We expanded the Bitcoin Portal to all 50 states in the USA in 2024 and are now building out these same services in the USA. One day, the entire world will be able to replace their bank with Bitcoin Well.
What are our expectations of the role?
Lead the Team: Provide technical leadership and mentorship to the existing development team, fostering their skills and ensuring collaboration and efficiency.
Refine & Execute Technical Strategy: Develop and implement a technical roadmap that aligns our platform goals, focusing on scalability, security, and user experience.
Guard & Modernize the Codebase: Ensure code quality, maintainability, and adherence to best practices. Lead efforts to modernize our infrastructure by adopting current frameworks, tools, and architecture where appropriate. Oversee the implementation of consistent coding standards and documentation.
Drive Technical Innovation
Enhance the Bitcoin Portal’s functionality, improving performance and user adoption.
Develop features for Bitcoin Well Infinite, our white-glove service for large transactions.
Maintain and optimize the backend infrastructure supporting the Bitcoin ATM network.
Manage Key Development Functions
Oversee system architecture design and implementation.
Lead integration with bitcoin technologies and third-party APIs.
Manage CI/CD pipelines, testing frameworks, and deployment processes.
Monitor system performance and security, implementing improvements as needed.
Iterate quickly, working with fast feedback loops, testing new features, and adjusting based on real-time data.
Who is the ideal candidate?
Bitcoiner - You deeply understand Bitcoin culture and ethos. You’re not just writing code - you are living out Satoshi’s vision (Craig Wright need not apply).
A Leader - You are conscious about the “next generation” of our business and preparing our existing team members to scale within the organization.
Startup & Scrappy Mindset - You thrive in fast-moving environments and are comfortable with quick pivots and experimentation.
Strong Organizational Skills - You can keep a team on task and focused, ensuring high-impact execution.
If you are passionate about our mission to Enable Independence and have the qualifications we have listed above, please apply!
Not your particular skill set? Check out all the Bitcoin Jobs at bitcoinerjobs.com.
In the Headlines
Canaan Inc. Sets New Record with 109 BTC Mined in May Despite Tariffs
Canaan Inc. reported a record-breaking month in May 2025, mining 109 BTC—a 25% increase from April—and bringing its total Bitcoin holdings to 1,466 BTC. Despite a 10% increase in U.S. tariffs on Malaysia-made mining machines, the company maintained strong operational performance, driven by rising Bitcoin prices and disciplined execution.
Canaan's total deployed hashrate reached 8.75 EH/s, with 7.27 EH/s currently operational across North America, Ethiopia, and the Middle East. On June 9, CEO Nangeng Zhang and CFO James Cheng demonstrated confidence in the company’s future by purchasing 817,268 American Depositary Shares at an average price of $0.76 per share, citing a disconnect between the stock’s market value and its long-term potential.
Swan Shortie of the Day
Event of the Day
![BTC Prague 2025 Discount Code [DISCO] – 10% Off - Discotech - The #1 Nightlife App](https://substackcdn.com/image/fetch/$s_!i2m8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9e7a0138-4ff1-4e24-8059-19948bce9541_1500x500.jpeg "BTC Prague 2025 Discount Code [DISCO] – 10% Off - Discotech - The #1 Nightlife App")
BTC Prague 2025 is Europe's premier Bitcoin-only conference, scheduled for June 19–21, 2025, at the PVA Expo in Prague, Czech Republic. Now in its third edition, the event is expected to draw over 10,000 attendees, featuring more than 200 speakers across multiple stages, and hosting over 100 Bitcoin-focused companies.
What to Expect
Business Day (June 19): A dedicated pre-conference day tailored for entrepreneurs, investors, and developers, offering strategic insights into integrating Bitcoin into various business operations.
Main Conference (June 20–21): Two days of keynotes, panel discussions, and presentations from leading figures in the Bitcoin space, including:
Michael Saylor (Executive Chairman of MicroStrategy)
Adam Back (CEO and Co-founder of Blockstream)
Jack Mallers (Founder and CEO of Strike)
Mark Moss (CEO of Market Disruptors)
Jimmy Song (Bitcoin Developer)
Roman Reher (Founder and CEO of Blocktrainer)
Expo Hall: An extensive exhibition area featuring over 100 Bitcoin companies showcasing their latest innovations and services.
Networking Opportunities: Attendees can connect with like-minded individuals, industry leaders, and innovators through various networking events and a dedicated mobile app with smart matchmaking tools.
Side Events
BTC Prague 2025 offers a range of side events to enhance the conference experience.
Dev/Hack/Day (June 18): A one-day event for developers and tech enthusiasts to explore cutting-edge Bitcoin technologies.
Cypherpunk Meetup (June 19): A gathering for privacy advocates and freedom seekers to discuss topics related to digital privacy and Bitcoin.
Run For Hal (June 19): A 5km social run through Prague's Old Town, honoring Bitcoin pioneer Hal Finney.
Self Custody Celebration (June 20): A meetup focusing on Bitcoin self-custody, featuring expert insights and a lively celebration.
Saturday After Party (June 21): An event to conclude the conference with music, drinks, and networking opportunities.
Tickets
Various ticket options are available at BTC Prague.
Conference Pass (€345): Access to the two-day main conference, including all stages and networking areas.
Business Pass (€595): Includes all Conference Pass benefits plus access to Business Day and additional networking opportunities.
VIP Pass (€1,820): All-inclusive access with added perks such as VIP lounge, exclusive Q&A sessions, premium seating, and concierge service.
A 5% discount is available for payments made in Bitcoin. For more details and to purchase tickets, visit: btcprague.com.
Meme of the Day
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