Bankrupt FTX assets now exceed what they owe clients. By billions.
All while SBF is in jail for fraud.
The entire premise of fraud is that a "victim" loses money. If the "victim" gets back more than they're owed, are they even still a victim? Is it still fraud? 🤔
Never seen anything like it. Only in crypto.
#Bitcoin #crypto #blockchain
🤣 🤣 👏 👏 Was too tempting
Because subscription isn't a viable online business model.
Will devs understand this before or after going broke?
You better not disappoint then. 🤣
Ya that's probably why I'm getting grouchy with Nostr. Too much GM, memes, and Instragram BS, not enough charts, numbers, and hardware tech.
#AskNostr What's the name of the follower/following backup tool(s), in case our lists get nuked?
I'll never understand the Gold VS Bitcoin feud. 🤣
Heard of this happening a few times. Either following, or followER.
Does a backup tool exist yet?
Ya that's the green scenario, which looks more unlikely by the day.
These guidance lines haven't been moved since Mid-March btw. Price is following like a tee. We'll know more in a month.
Nostr needs an algo. Bad.
Self-serve content does not work on a social app. Whichever client builds a good curation feed will win.
Bitcoin can have non-monetary based inflation. That is, if something else goes up in price faster than BTC, then it "inflated" in terms of BTC. Cost pull, demand push. Econ textbook stuff.
But it can't inflate from currency debasement. Because BTC can't be printed. It has fixed supply.
If you have $10 and 10 apples, each apple is worth $1.
If you have $50 and 10 apples, each apple is worth $50.
The latter can't happen because of BTC's fixed supply.
Followed bud.
Hey bud. You kinda answered your own question.
Sound money people hate the Fed because it prints money, debasing the currency. That's why they buy sound money (Gold, Bitcoin, etc).
Bitcoin can't be printed. So it can't be debased or devalued.
So the 2 compete against each other: Sound Money VS Fiat.
The easiest way to kill Bitcoin would be for every CB to stop printing immediately. Bitcoin's use case would effectively disappear (as long as it hadn't hit critical mass yet).
Free speech app. Muting defeats the whole purpose.
Tried zapping, there's an issue with your Alby. Ping me if you get it sorted out and I'll try again. 😊
Thanks bud. Followed back
Much validity to that outlook. Too much change too fast. Cooling off period.
How do you set up your own server? It still uses ISP so how would it change the mechanics and what would be the real benefit?
People still think Canadian house prices can't fall by 30%.
THEY. ALREADY. HAVE!
Here are some other dramatic drops across Canada from the 2022 peak to the lowest trough.
-28% Brantford
-28% Chilliwack
-28% Guelph
-32% Fraser Valley
-30% London
-38% Muskoka
-32% Owen Sound
-43% Powell River (choppy)
-28% Waterloo
-32% Woodstock
-35% Windsor
Note: Some markets are in a feeble recovery bounce, not sitting exactly on the lows like the Barrie chart.
If you read Canadian news or asked an idiot politician, they'd tell you Canadian House Prices are soaring.
But they aren't. It's a bubble.
And in every bubble. People. Lose. Their. Minds. Look up the phases of a bubble. That red chart you've seen 100 times. The first phase down off the highs? Denial.
Denial doesn't get any more textbook than this. There are literally people who think this chart is fake. Maximum bubble mentality.
Canadian house prices have much further to fall. Many will exceed 50%+ off the highs. They'll take the banking and credit union system with it. 🏠 🏦 💰 🔥 📉