test

Test from nostr...

. It get to mastodon?

. It get to bluesky?

This USA-Japan dollar-yen swap is triggering off my bologna-economics meter. So, if I understand correctly...

- US sends dollars to Japan, Japan sends Yen to US. (US "bought" Yen with dollars)

- Assumption: this will help stabilize the Japanese financial situation and...

- Assumption: ...thus strengthen the Yen.

- Then, when it's time for Japan to sell back those US dollars (i.e., pay back the loan), Japan would now need more dollars so as to buy back the now-more-valuable Yen.

Seems we're making large leapfrog leaps here. The Achilles heel in my view is the Keynesian assumption that dumping money into circulation is magically beneficial. This dollar dumpage is being branded as "liquidity" for Japan, but however you look at it, it's still more money in circulation. Plus, that's money that came from who-knows-where? That is, magical money appearing from thin air.

Assuming things go well and in the future Japan is going to buy back the now-more-valuable Yen. They would need more dollars to do so, but where would they get those extra dollars? I think a few things:

1. The unspoken is that inflation (AKA dollar devaluation) is expected to happen, thus making it easier for Japan to gather up more dollars to buy back those initial Yen (it's easier to pay off the loan).

2. More likely, Japan actually never does get those extra dollars.

3. Instead, I think the intent from the start is to never have those dollars sold back at all (to never have the loan repaid at all). Rather, the idea is to just have another money-from-thin-air giveaway. This bandages the bleeding for now, but only widens the wound and allows the situation continue to bleed out.

But, I dunno.

#economics #money #bitcoin

Yes it did. Seems to be working.

yes, it appeared on nostr

this is being typed on nostr, appeared on mastodon?

well, the note above was written on mastodon...showed up on nostr 😃

this reply is being typed on nostr...

I think this is me, use it once. https://bsky.app/profile/crrdlx.bsky.social

My wife drags me around places and I (too) often grumble. I guess I shouldn't complain - sitting at a rooftop bar with this view.

Ironically, we're heading to church afterwards for an Ascension service.

#whatiseenow #plebchain

Spending large amounts of money to "prop up" said money...pretty sure that's not a great idea.

Went for a bike ride to get a pic. Got this.

Maybe a homesteader of watersteader, maybe just a base to fish from. Either way, a person doing their thing. Freedom is good.

https://usermedia.actifit.io/f01037b4-25c4-4ad1-8665-35fcb7a1ecb3

.jpg

#cycling #plebchain

Just decided...I'm gonna to take a walk and post a pic. Then altered it to...I'm gonna take a quick bike ride and post a pic. Not sure what I'm gonna get.

this is actually a great idea, call a nostr tweet a "neet"

Just read a note here on #nostr and was inspired to scratch this out:

After seeing something...the % I understand:

After reflecting, I think I went too high on my nostr estimate.

#dogs

Was reading nostr:npub1dergggklka99wwrs92yz8wdjs952h2ux2ha2ed598ngwu9w7a6fsh9xzpc's 21 Lesssons and lesson 16 reminded me of a Web of Trust and how important it is. The reference was made that even open source code isn't entirely good enough. Bitcoiners don't like to trust anyone or anything aside from math and laws of physics, but there are still degrees and shades of trust involved.

We apply a web of trust score informally all the time. Online, when we see certain usernames we respect, boom, our subjective high WoT score kicks in and we read that note. Conversely, when a "who is that?" username offers a hot take, we likely move on. Same thing in real life; there are some people we trust and respect and listen to, and others we merely ignore. Back online, a somewhat standardized WoT score would help #nostr. https://21lessons.com/16/

#bitcoin

nostr is fast!

Got a "wishlist" working at http://nostrwiki.crrdlx.infinityfreeapp.com/doku.php?id=wiki:nostr-wishlist

tldr; - (1) a way to change my nsec (2) notification of new follows (3) WoT scores (4) searchability (5) Reddit-style front end (6) "remind me on..." (7) "nostr since..." (8) nostr stats

Got my morning "verse of the day" from the YouVersion app, Isaiah 53:5, "But he was pierced for our transgressions, he was crushed for our iniquities; the punishment that brought us peace was on him, and by his wounds we are healed."

That's one of those passages that I cannot read without the tune of a musical, singing response running in my head along with the words.

#christianity #bible

Your note reminded me about the Swiss Army Knife and I just wrote this (on nostrudel): https://njump.me/nevent1qvzqqqqqqypzqqzmcn0yrn7ttq8hrjkk46ysn2tk26rr8f8k4y7xkl74hlh3rcdzqywhwumn8ghj7mn0wd68ytnzd96xxmmfdejhytnnda3kjctv9uq3xamnwvaz7tm0venxx6rpd9hzuur4vghsqgyl2tp2e5qp5djw4lnkjqdvvklhc8q8zgrdm95k20nfk4nrm0pd35a3d2th

In a victory for the Snowflake Generation, there will now be a version of the Swiss Army Knife without the blade. It is a knifeless Swiss Army Knife. Will there also be a Bowie knife that will be just a handle?

I was starting to get used to the idea of global financial meltdown, but now I'm worried about the future.

https://www.telegraph.co.uk/world-news/2024/05/06/new-swiss-army-knife-being-developed-without-the-knife/

#plebchain

At the beach for just a bit longer.

#beach