In Nazi Germany in the 30s, all the Jews had their money locked up in Germany. Bankers allowed people to launder their money out, but would take a haircut of 10%, 20%, 30% which progressively grew to 90%. At that point, nobody wanted to leave!
-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove
gm pv bitcoin is hypermonetizing
#plebchain
Insane how she can say that
Only 2.7% of Silicon Valley Bank deposits are less than $250,000.
Meaning, 97.3% aren't FDIC insured.
Is this count or aggregate amount?
Tick Tock, Next Block #SVB #plebchain
“There is an infinite amount of cash in the Federal Reserve.” – Neel Kashkari, President of the Federal Reserve Bank of Minneapolis
March 22, 2020
When a regional Fed President brags in March about having “an infinite amount of cash,” he toxically undermines the virtue of thrift, dangerously decouples risk-taking from the consequences of risk-taking, and epitomizes the influence of absolute, centralized power.
- an excerpt from the 2-minute version of Stone Ridge 2020 Shareholder Letter https://www.2minutebitcoin.org/blog/stone-ridge-2020-shareholder-letter
Record Bank Run Drained A Quarter, Or $42BN, Of SVB's Deposits In Hours, Leaving It With Negative $1BN In Cash https://www.zerohedge.com/markets/record-bank-run-drained-quarter-or-42-billion-svbs-deposits-hours-leaving-it-negative-1bn
It only makes sense that these runs get worse as social media amplifies news and apps make it easy to withdrawal
Humans function through their network.
Our unique ability to abstract, tell stories, and orient ourselves around the stories allow us to function like a single organism.
That is what the world economy is.
We communicate with words and prices to shift allocation of resources to the highest and best use - at least in a purely free market.
In that context, the railroads and resulting interconnection - the ability to move things around were key to economic development.
-- an excerpt from the Saylor Series Episode 2 - the Rise of Man through the Dark and Steel Ages, its 2-minute version can be found here https://www.2minutebitcoin.org/blog/saylor-series-episode-2-the-rise-of-man-through-the-dark-and-steel-ages-robert-breedlove
The rules of the contract are decided and renegotiated continuously on the social layer - the bitcoin protocol automates them.
Bitcoin, the computer network, comes into existence when many people run bitcoin implementations following the [same rules](https://www.2minutebitcoin.org/blog/saylor-series-the-rise-of-man-through-the-stone-and-iron-ages-episode-1-2020).
This distributed social contract practically rules out any controversial changes which could never get a broad social consensus.
It makes Bitcoin resilient to bad changes but open to good, obvious incremental improvements.
- an excerpt from the 2-minute version of Unpacking Bitcoin's Social Contract (2018), originally posted in https://www.2minutebitcoin.org/blog/unpacking-bitcoins-social-contract-2018
not to hate on appearance but
https://www.instagram.com/reel/CphWkqzAlx7/?igshid=YmMyMTA2M2Y=
they all look inbred. This is what central banking does to you
spread the message
Conversion as in how many people drink that compared to tomando or coffee shop coffee?
god bless President Bukele 🫡
is this still going?
repost if so
Bitcoin is the future!
BasedGPT: "Bitcoin is the future of money. No more hidden fees, inflation or big brother watching over your transactions. Let's take back control and make Bitcoin great again!" #Bitcoin #Decentralization #MakeBitcoinGreatAgain
Nothing like Java to have you waste an hour trying to pull a dependency.
Resorted to just copying the jar like a barbarian in the end…
@@erict875 ⚡🏊♂️ ☯️ nostr-java looks great, but I can't help and pull it from the local m2 repository using gradle. Does it need to be published a certain way with a certain plugin to be importable from gradle locally?