Trying to figure out how to decentralize justice because as it stands today fewer and fewer people are able to get it
A number of people have asked me if I agree with the 90-day hyperinflation scenario.
My answer is no.
If everyone believed it in, it would be less likely
The Fed added about $300 billion to its balance sheet this past week.
https://void.cat/d/UDKNKEAwg1f4bWkWxZrdL5.webp
This wasn't from buying bonds or ending QT, but rather from making loans. To the extent that they continue QT, they will likely need to keep providing this type of liquidity, so it's like the Fed is taking liquidity out of the financial system with one hand and putting it back with the other. They've basically hit the liquidity floor of the banking system, which seems to be around $3 trillion in bank reserves.
However, that doesn't mean the balance sheet will go straight up. The Fed will try to limit the balance sheet growth to whatever extent is possible.
After the September 2019 repo spike, the balance sheet stopped decreasing and started going up, and then it began to stabilize sideways by January 2020. It then got slammed by the COVID-19 and lockdown impacts in March 2020, and the money printers went into hyperdrive due to that.
This time, without such a crazy catalyst, the balance sheet will likely spend more of its time in that intermediate state, similar to what it did in that September 2019 to January 2020 period.
In other words, this is still going to be a bumpy process.
Why cant they just let things go bankrupt its not the end of the world?
I see takes like that on Twitter often. They are projecting their own vindictive nature onto others. I havent seen anyone celebrate the SVB bank run.
Just had this crazy idea where language in the future might just be a series of cryptographic keys and that will be just one step away from telepathy
Say its sunny, and your town is powered by solar, that makes sunny days awesome. Cheap electricity and great weather. But when the weather gets bad, well its bad weather, but now you also gotta pay more for electricity on top. The difference in electricity prices can be 100% or more.
If your area is powered by wind, it may be a sunny day, calm weather, great. But then the price on electricity goes up 100% and you have to worry about that 🕶
So there you have it. Thats why you cant win win wind. Or solar.
aww shit there is a bank run, im going to buy a bunch of gold and put it in the bank
Give it a few more decades and shrinkflation will basically cause a common home to be no bigger and no fancier than a prison cell. and then the cycle is complete
We dont want a low emission future. The last 200 years have been about getting away from that. Now they want to return us to the middle ages and no emissions
We have been in a reccesion since the 70s. Just look at a house built that decade and one that is built this decade. You can clearly tell the materials, the design etc. everything about it is smaller and dare i say worse. Like if the economy is growing why are the houses getting smaller and less prestigous for lack of a better term?
Banks have been regularly stress tested and properly regulated after 2008, they wont fail again or anything.
Has bailins been used before in the west? And why is no-one talking about them anymore? It seems to me that rising of rates is something you would do before you intend to do bailins because more people will convert to cash in such a scenario. Its like a trap.
Vitalik has been playing the maxis like a fiddle since day one. Keep tweeting about Vitalik and Ethereum, good or bad, its attention, and it drives users to it because people are curious. So yea, well played Vitalik
We have been in a recession since the 1980s Just look at the difference between the materials, size and style of homes constructed between then and now. Give it 20 more years and homes will be the size and style of a prison cell. Thats the trend if you notice.
ChatGBT low key explaining why its neccesary to be biased in order to be objective 
## ChatGPT Explained: A Normie's Guide To How It Works
- Machine learning: the super basic basics
- ChatGPT doesn’t know facts or have opinions
- ChatGPT doesn’t think about you at all
- ChatGPT’s one cool trick for faking a personality
https://www.jonstokes.com/p/chatgpt-explained-a-guide-for-normies
In my opinon public goods are a scam, its a term invented and pushed forward by middle men who claim that funding must go through them otherwise we wont have roads or streetlights or anything. So i had a chat with ChatGPT about it, and the results are a bit cringe and hilarious. Because it tries to define a public good and it just cant.
If you think we havent been in a recession since the 1980s just go look at a house that was built in the 1980s then look at a house that was built the last 5 years. Look at the difference in size and materials. Thats a recession its not the phony numbers thing about GDP not at all
