A mandatory listen for my #nostr peeps.
Another banger by nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe with George Gammon.
Discussion
Is it?
I can't tolerate Gammon.
He's basically a doom and gloomer who doesn't take the effort to understand Bitcoin.
I hear you.
Jeff does a great job with this discussion and George is starting to come around.
Alright. I'll somehow tolerate Gammon because Booth.
I came here to say this. ☝️
I gave up on him a long time ago. Anyone - including bitcoiners - who constantly predict a housing crash, a huge upcoming recession, hyperinflation etc etc I ignore these days.
All Booth interviews are mandatory
Great way to start the day 🫡
Thanks Jeff! Much appreciated.
This might be your best interview yet. Thanks for setting it up with George. 🍻
Thanks Jeff - The nuance of the discussion is important. George is absolutely coming around. Like most people (including me) in understanding the depth of the rabbit hole, it’s hard to see how our own actions create our reality. I added him to a (Fedi) federation after the call and it all started to click.
That’s great news.
I was already in the middle of watching it when I saw this 😂 no joke
For anyone watching this, I think what nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe is trying to tell you is that that credit (I.e. fractional reserve) can never work on top of bitcoin, and hence it stays decentralised because nobody will want to centralise it into a bank for that reason. If you want to understand why that’s the case, from a different perspective to Jeff’s (but I still credit him for helping me to see it), then my paper might help you. It spells out how a bank manages its portfolio and in doing so should help you to understand why all fractional reserve bitcoin banks will fail in the end! The world will be reprogrammed into realising that yield is not required when the money is finite and decentralised! I hope it helps.
A Credit Risk Analyst’s Journey into Bitcoin https://medium.com/@kris.john.adams/a-credit-risk-analysts-journey-into-bitcoin-c035ec86ba1