Only the rich ones do, not the traditional finance plebs.
Might be a good time to show them way? (Insert Bitcoin emoji)
The dynamics in real estate are very weird right now, at least the way I’m understanding it. Increased rates could pummel commercial maturity but for traditional finance it seems like a better haven for cash than the alternatives… very very weird.
As Jimmy Song aptly put it, thank God for Bitcoin.
Does housing see a demand increase in the scenario where bank deposits seek refuge elsewhere?
Only have in the bank as much as you’re willing to lose.
Only explanation I can think of (aside from people not understanding bitcoin) is having dollar denominated debts owed that people need to quickly convert from a very liquid asset aka bitcoin.
If a normie is worried about a bank run, what’s their best recourse (aside from bitcoin)?
SVB (Silicon Valley Bank)
TLDR:
Bank for startups SVB lost $1.8 billion on treasuries and mortgage-backed securities, due to rising interest rates.
To shore up its balance sheet it planned to issue $1.25 billion of its common stock to investors, $500 million in convertible preferred shares, and $500 million of its common stock.
Investors are spooked and shares are down +80% AH. Does this cause a contagion? Or will a bigger bank swoop in and grab a fire sale? This is the question.
https://techcrunch.com/2023/03/09/silicon-valley-bank-shoots-self-in-foot/amp/
Bank run? Let’s see.
Quick turnaround love to see that ⚡️
#[2]
Only the disciplined ones in life are free. If you are undisciplined, you are a slave to your moods and your passions.
Eliud Kipchoge
As in relays will check account level PoW for spam prevention or accounts in the client will set what they expect from accounts they follow among their relays? Or both?
How does Finance Capitalism get realigned, if at all possible? Does it require forceful revolution, peaceful religious values instilled over generations, or even an economic wipe out (over-leverage, inflation, money printer, fractional reserve banking, etc) for reform to take place? It seems like the incentive structures of wealth siphoning to the handful of elites is too strong to break otherwise.
Totally fair. I agree with the larger elections, if the current administration doesn’t prove to Americans that President isn’t calling the shots, isn’t serving the people, and is catering to corporate interests, then I don’t know what will.
At a local level I feel more of a reason to go out and vote. While what we call “democracy” has the issues you raised, when I have to live with the repercussions of the elected it’s in my best interest to play the game as morally deprived the system may be.
Cheers!
I like that distinction between the “static wealth” and the more liquid wealth like currency holdings. I agree that the the building of stores and companies is wealth producing for citizenry but I reach a wall when I think about the unbelievable wealth churches like the Vatican have amassed.
Still learning. I appreciate your take.
Is capitalism antithetical to Christianity? The promotion of greed, growth at the expense of humanity (slaves, children, and immigrants are the cheapest laborers), wealth concentrated at the top, etc.
Why would you say you’re “opposed” to voting?
Is it because of the implications electing someone means exerting authority on others? Or from a sense of voting insignificance since all elected officials serve only the elites, not the people?
Agreed. Risk reward makes no sense to me.
For those unfamiliar with Nostr Badges, check out this great article by #[0] https://thebitcoinmanual.com/articles/nostr-badges/ 💜
What did I miss 😮
Even if you find yourself in a completely losing position, there’s still a best move.
Suerte 🫡

